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BSP Bags International Award For Coin Deposit Machines Project
The Bangko Sentral ng Pilipinas (BSP) recently received international recognition for its Coin Deposit Machines (CoDMs) initiative, a...

By The Financial District
Nov 9, 20242 min read


Indonesia, Malaysia Invited To Explore Islamic Finance Opportunities In The Philippines
The Bangko Sentral ng Pilipinas (BSP) and the Asian Development Bank (ADB) invited Indonesian and Malaysian business representatives to...

By The Financial District
Nov 9, 20242 min read


EY Quits As Super Micro Computer Auditor
Super Micro Computer (SMCI), the maker of liquid-cooled artificial-intelligence (AI) servers, stated in a regulatory filing that its...

By The Financial District
Nov 8, 20241 min read


Cavite Flood Control Project Cost Now Amounts To PHP22 Billion
The National Economic Development Authority (NEDA) board has approved the extension of the construction period and other adjustments to...

By The Financial District
Nov 6, 20242 min read


$3.1-B In Japan Zero-Interest COVID Loans "Unrecoverable"
Some 468.5 billion yen (about $3.1 billion) of the 1.44 trillion yen (approx. $9.45 billion) in interest-free loans extended by the...

By The Financial District
Nov 4, 20241 min read


Finance Secretary Recto Courts UK Investors For Philippine Opportunities
Finance Secretary Ralph G. Recto led a Philippine delegation to London, engaging prominent British firms to consider the Philippines for...

By The Financial District
Nov 1, 20241 min read


Record Defaults Hit $800-B Chinese Local Debt Market
Defaults in an opaque corner of China’s local debt market have surged to a record high, ensnaring investors who believed the securities...

By The Financial District
Nov 1, 20241 min read


UnionBank’s 9-Month Income Soars To ₱8.6-B
Union Bank of the Philippines has reported impressive results for the first nine months of 2024, achieving a year-to-date net income of...

By The Financial District
Oct 31, 20243 min read


PH Faces FATF Blacklist Prospects For Gaps In Combatting Money Laundering
The Philippines, currently teetering on the edge of the grey list of the Financial Action Task Force (FATF), the global body tasked with...

By Lito U. Gagni
Oct 29, 20242 min read


World Bank Group To Boost Philippine Agriculture Sector
Finance Secretary Ralph G. Recto kicked off the 2024 World Bank-International Monetary Fund (WB-IMF) Annual Meetings in Washington, D.C...

By The Financial District
Oct 28, 20242 min read


U.S. Watchdog Orders Goldman Sachs, Apple To Pay $89 Million Over Consumer Violations
Corporate giants Goldman Sachs and Apple have been ordered to pay $89 million for violations of consumer protection laws related to their...

By The Financial District
Oct 28, 20241 min read


Germany Mulls Law To Protect Banks From Foreign Takeovers
Germany is considering introducing a law to protect domestic banks from foreign takeovers.

By The Financial District
Oct 28, 20241 min read


Crypto’s Tether Faces New U.S. Probes
Of all the legal actions taken against cryptocurrency companies by US regulators and prosecutors over the past year, arguably none...

By The Financial District
Oct 28, 20242 min read


Recto: Gov't Funds Ready For Typhoon-Hit Areas
The national government has sufficient funds available to quickly finance the relief and rehabilitation of areas affected by Typhoon...

By The Financial District
Oct 28, 20242 min read


BSP And German Banknotes Printer Sign Partnership Agreement
The Bangko Sentral ng Pilipinas (BSP) and German government banknote printer Bundesdruckerei GmbH have signed a Memorandum of...

By The Financial District
Oct 24, 20241 min read


Gold Safer Than U.S. Treasury Bonds As Federal Debt Soars
Backed by the full faith and credit of the federal government, U.S. Treasury bonds have long been considered the gold standard in safe...

By The Financial District
Oct 24, 20241 min read


HSBC Splits East And West In Major Revamp; Appoints First Female Finance Chief
HSBC has merged some operations and split its geographic footprint into East and West as part of a major restructuring under new CEO...

By The Financial District
Oct 24, 20241 min read


Maya Partners With Landers Superstore To Roll Out Credit Card
Digital bank Maya has partnered with Landers Superstore to introduce a high-tech co-branded credit card called the Landers Cashback...

By The Financial District
Oct 23, 20241 min read


JPMorgan Net Income Falls As Bank Sets Aside Money To Cover Bad Loans
JPMorgan has reported that its net income fell 2% in the third quarter as the bank had to set aside more money to cover bad loans.

By The Financial District
Oct 20, 20241 min read


Catastrophe-Bond Funds See Risk Premiums Rising After Milton
The cost of issuing catastrophe bonds is expected to increase as asset managers specializing in these securities react to the impact of...

By The Financial District
Oct 19, 20241 min read


Morgan Stanley's Profit Jumps 32% On Dealmaking
Morgan Stanley's third-quarter profit surged 32%, fueled by a rebound in dealmaking that had also buoyed its rivals, sending its shares up..

By The Financial District
Oct 18, 20241 min read


Loss and Damage Fund Board Set To Meet In PH In December
The Board of the Loss and Damage Fund, the body mandated to lead the management of funds to assist climate-vulnerable developing countries..

By The Financial District
Oct 18, 20242 min read


Bangko Sentral Coin Deposit Machines Collect Over ₱1 Billion
The Bangko Sentral ng Pilipinas (BSP) has announced that the coin deposit machines (CoDMs) it installed in strategic locations have...

By The Financial District
Oct 18, 20242 min read


BlackRock Hits $11.5 Trillion In Assets As Private Markets Grow
BlackRock Inc. pulled in $160 billion of client cash to its long-term investment funds last quarter, pushing the world’s largest money...

By The Financial District
Oct 17, 20241 min read
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