FinTech as complement to local banking sector – HSBC
Financial Technology (FinTech) should be viewed as a complement rather than a threat to local banks according to HSBC Philippines President and CEO Jose Arnulfo "Wick" Veloso.
To adapt 'mobile-based' business registration to improve RP’s Global Ranking
Department of Trade and Industry (DTI) Secretary Ramon M. Lopez said that the Philippines could improve its global ranking for ease of doing business by 2022 through the help of mobile-based automation of the business registration process.
BSP to fast-track RA 10927 IRR
Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla Jr. said the BSP will fast-track the issuance of the implementing rules and regulations (IRR) on the recently signed Republic Act No. 10927 which placed casinos under the anti-money laundering law.
Government's NBP as 'Third' telco Player
The Philippine Government plans to be the third player in the telecommunications industry in the next few years, joining PLDT and Globe Telecom in providing broadband services.
National Broadband Plan (NBP)
BSP urge members of BAIPHIL to keep abreast with FinTech trends and development
Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla Jr. urged members of the Bankers Institue of the Philippines Inc. (BAIPHIL) to stay abreast with the trends and developments in Financial Technology (FinTech) for this will help to expand the level of financial inclusion in the country.
Stronger networks for ASEAN members – PCCI President
The Philippine Chamber of Commerce and Industry President George T. Barcelon posed for Association of Southeast Asian Nations (ASEAN) to strengthen their networks and address their weaknesses in the face of growing competition.
Two rural banks to merge this year – PDIC
Rural banks Land Bank of the Philippines and Bangko Sentral ng Pilipinas (BSP) are the exploring possibility of extending the Consolidation Program for Rural Banks (CPRB) beyond its original deadline of 25 August, according to Philippine Deposit Insurance Corporation (PDIC) President Roberto B. Tan.
Financial system in PH to expand in first quarter
MANILA, 27 June 2017 - Financial System in the Philippines is expected to expand despite the closure of three banks during the first quarter of 2017.
Closure of Banks
Submission of your data from Cooperatives: Why should you care?
Why does it matter if your cooperative submits data to the Credit Information Corporation?
Penalties for late submission of reports by banks – BSP
MANILA, 27 June 2017 - Penalties and sanctions have been approved by the Monetary Board if banks will fail to submit required reports regarding their lending activities and other bank operations, says Bangko Sentral ng Pilipinas (BSP) Deputy Governor Nestor A. Espenilla Jr.
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