Banking & Insurance
Temporary halt on BIR audits signals policy overhaul
The Bureau of Internal Revenue (BIR), under the direct supervision of newly minted Finance Secretary Frederick D. Go, on Monday announced the immediate and temporary suspension of all field audits and related operations, including the issuance of Letters of Authority (LOAs) and Mission Orders (MOs), following widespread taxpayer concerns over audit practices.
Tie-up offers faster money transfers for OFWs
The Bank of the Philippine Islands (BPI) has teamed up with SingX Singapore Pte. Ltd. to offer Overseas Filipinos in Singapore, Hong Kong, and Australia a faster, more secure, and fully digital way to send money to the Philippines any time of day.
RCBC, Taptap Send in global remittance team up
Rizal Commercial Banking Corp. (RCBC) has partnered with international money transfer platform Taptap Send to widen remittance options for overseas Filipinos in the U.S., Canada, Europe, the U.K., the UAE, and Australia.
Car buyers get loan options under new partnership
Security Bank has partnered with Mazda Philippines to provide more flexible and competitive financing options for customers interested in owning a premium vehicle. The collaboration uses the bank’s award-winning auto loan program to make Mazda models more accessible through convenient and transparent financing.
BDO names global banks for USD bond
BDO Unibank Inc., the country’s largest lender, is gearing up for a US dollar bond return as it tapped a powerhouse lineup of arrangers to engage global fixed-income investors.
