Tag page - GFIs

The government has issued the Implementing Rules and Regulations (IRR) of Republic Act No. 11523, or the Financial Institutions Strategic Transfer (FIST) Act which will regulate the sale of non-performing assets of banks. The IRR was issued by the Securities and Exchange Commission (SEC),...

Trade and Industry Secretary Ramon M. Lopez has urged micro, small and medium enterprises (MSMEs) to avail of the P535 billion loanable funds allocated by the banking sector on top of the various financing schemes being extended by government financial institutions (GFIs). Lopez said the entire...

The Department of Finance (DOF) ordered government financial institutions (GFIs) and its attached agencies to strengthen their shields against potential cybersecurity threats following a cyber-heist on one of the state-owned banks. Finance Secretary Carlos G. Dominguez III Finance Secretary Carlos...