SEC strictly implements interest rate caps
Without regulation, some borrowers previously faced crushing repayment burdens, with effective interest rates soaring to triple digits annually.
· 3 min read
Daily TribuneTopic
Without regulation, some borrowers previously faced crushing repayment burdens, with effective interest rates soaring to triple digits annually.
· 3 min read
The Bangko Sentral ng Pilipinas (BSP) has launched an investigation into unusually large cash movements in the financial system, as it probes potential links…
· 2 min read
The Bangko Sentral ng Pilipinas (BSP) has opened an investigation into “unusually large flows of cash” that may be linked to the flood control corruption…
· 2 min read
The Bangko Sentral ng Pilipinas (BSP) will stop accepting new applications for digital banking licenses starting 1 December, following the Monetary Board’s…
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Diokno stressed that procurement will be competitive, contractors will be paid within 15 working days, and that the BSP maintains ‘zero corruption.’
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The Philippine financial system’s resources expanded by more than 6 percent in July, reflecting continued growth in the country’s banking sector and alignment…
· 1 min read
The Philippine financial system’s resources expanded by more than 6 percent in July, reflecting continued growth in the country’s banking sector and alignment…
· 1 min read
The Bangko Sentral ng Pilipinas (BSP) strengthened its push for a more inclusive digital economy with the launch of the “Paleng-QR Ph Plus” program in Iloilo…
· 2 min read
WASHINGTON, United States (AFP) — US President Donald Trump on Friday ordered an annual $100,000 fee be added to H-1B skilled worker visas, creating…
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TOKYO, Japan (AFP) — Spain’s Maria Perez struck double gold after winning the 20-kilometer race walk at the World Athletics Championships in Tokyo on Saturday.
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‘This will make it cumbersome to deliver large volumes of cash in SOPs, commissions, and payoffs from one corrupt government contractor or influence peddler to…
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The central bank said the August surplus was mainly due to its net income from investments abroad. This trimmed the year-to-date deficit to $5.4 billion from…
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The country’s balance of payments (BOP) swung to a surplus of $359 million in August, higher than the $88 million surplus recorded in the same month last year,…
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US President Donald Trump on Friday ordered an annual $100,000 fee be added to H-1B skilled worker visas, creating potentially major repercussions for the tech…
· 2 min read
The measure, issued on 18 September, comes as regulators seek to lessen risks linked to excessive use of cash while encouraging Filipinos to shift to digital…
· 1 min read
The Japan Credit Rating Agency also emphasized the Philippines’ ‘solid foreign currency liquidity position,’ noting that it will allow the country to remain…
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The Bangko Sentral ng Pilipinas (BSP) clarified that the mandatory credit quota for micro, small and medium enterprises (MSMEs) under the Magna Carta has…
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A request by DPWH Secretary Vince Dizon to freeze assets of those involved in flood-control anomalies has resulted in swift action by the BSP and the AMLC. ‘We…
· 2 min read