Banking & Insurance
CBS welcomes BDO entry into thrift banking
China Bank Savings (CBS) sees BDO Network Bank's entry into the thrift banking sector as a positive step for financial inclusion and industry stability, signaling potential shifts in the retail banking landscape.
PH commits to global crypto tax reporting by 2028
The Department of Finance (DOF) has formally committed to adopting the Crypto-Asset Reporting Framework (CARF) by 2028, as part of efforts to combat cross-border tax evasion and illicit financial flows. This aligns with President Ferdinand R. Marcos Jr.’s fiscal agenda focused on efficient and transparent tax administration.
BSP-led forum renews push vs financial scams
The Financial Sector Forum (FSF), led by the Bangko Sentral ng Pilipinas (BSP), has launched the 2025 edition of its flagship campaign Protect Your Money (PYM), signaling a renewed push to enhance consumer confidence amid the country's evolving digital financial landscape. Analysts say the initiative could support monetary policy by reinforcing financial system trust and consumer participation.
T-bill rates mixed at auction ahead of BSP policy meeting
Treasury bill (T-bill) rates were mixed in Monday’s auction, mirroring movements in the secondary market as investors awaited the Bangko Sentral ng Pilipinas’ (BSP)...
Mega ICBC backs Asialink with ₱120M for MSME lending
Asialink Finance Corp. has secured a ₱120-million credit line from Taiwan-based Mega International Commercial Bank Co. Ltd (Mega ICBC) that strengthens its capacity to extend timely and inclusive financing to micro, small, and medium enterprises (MSMEs) across the Philippines.
