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Tyrone Jasper C. Piad

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Fintech group sees PHL as Asia-Pacific digital hub

A financial technology (fintech) group said the Philippines is establishing itself as a digital hub in the Asia-Pacific after monetary authorities released an online banking framework. The FintechAlliance.ph, in a recent statement, welcomed the approval of the digital...

PBCom mobile app gains traction amid pandemic

Philippine Bank of Communications (PBCom) has formed its digital-first customer base after introducing a mobile application amid the lockdown measures due to the coronavirus pandemic. The PBCOMobile app, which was launched in end-March this year, has reached over...

BDO waives remittance fees for typhoon cash aids

The remittance service unit of BDO Unibank Inc. is waiving charges on typhoon donations from overseas Filipinos to encourage more cash aid. BDO Remit said in a recent statement that no remittance fees will be charged on these...

DBP to raise P5B in bond sale for green projects

The Development Bank of the Philippines (DBP) is eyeing to raise at least P5 billion from a bond offering to finance green projects under its Sustainable Financing Framework. The 2-year bonds carry an interest rate of 2.5 percent....

Senate okays CREATE bill, Dominguez eyes new tax reform law by yearend

THE Senate, voting 20-1, passed on third and final reading on Thursday the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill providing reforms in corporate taxes and incentives, with Sen. Richard Gordon casting the lone negative vote.

Government to borrow P120 billion from debt market

THE national government has programmed a total of P120-billion borrowings from the local debt market in December, which is lower compared to what was set for this month. The Bureau of the Treasury (BTr) is set to...

BDO completes buyout in JV with Nomura

BDO Unibank Inc. now fully owns BDO Nomura Securities after completing the buyout of the stake held by Nomura Holdings Inc. In a disclosure last Thursday, the Sy-led bank announced that its joint venture...

Bank exec sees sector primed for role in economic recovery

A bank executive said the Philippine economy can rely on the fundamentally-strong financial sector to remain on track as it clambers from recession. Security Bank Treasurer Raul Martin A. Pedro said in a webinar on Thursday that the...
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