The Asian Development Bank (ADB) announced on Wednesday, Jan. 26, that it will use blockchain technology to make cross-border securities transactions in Asia and the Pacific more efficient and secure. In a statement, the Manila-based multilateral institution said the ADB is working with leading...
The government was awarded a $52.5 million payout for losses the country suffered due to Typhoon Odette, the Department of Finance (DOF) announced on Tuesday, Jan. 25. Many Filipinos affected by Super Typhoon Odette are still in need of help up to this day In a statement, the DOF said the...
The Department of Education (DepEd) on Monday, Jan. 24, said that it is taking steps to validate the report on the alleged hacking of some bank accounts of public school teachers. (Photo from Unsplash) This, after the Teachers’ Dignity Coalition (TDC), said that it has been receiving reports from...
The Bangko Sentral ng Pilipinas’s (BSP) Cybersecurity Oversight and Surveillance Group is regularly updating its standards and protocols against cybersecurity threats amid the mounting number of bank hacking and fraud incidents taking place within the banking industry in the last couple of years....
The Philippine banking industry was not spared from the onslaught of the COVID-19 pandemic. Banks incurred major losses due to the economic slump caused by the lockdown from suffering loan defaults, to interest rate cuts, and deficits, among others. Despite these, the banking sector remained...
Security Bank Corp. has been named as the Most Recommended Transaction Bank in the Philippines and the Most Helpful Transaction Bank During COVID-19 by consumer rating and survey site BankQuality in its 2021 Corporate Survey on Transaction Banks. The BankQuality Corporate Survey on Transaction...
The pandemic has drastically changed the way of life for most people all over the world. In the Philippines, the steady increase in safety and health measures resulted in a radical adoption of e-commerce, and subsequently, online and digital banking. In many ways, the Filipino community is largely...
The Bank of the Philippine Islands (BPI) has shortened the offer period for its fourth tranche bonds worth P5 billion under its existing P100-billion bond program. In a disclosure to the Philippine Stock Exchange, the bank said this is due to overwhelming demand from investors, which includes...
The Bureau of Internal Revenue (BIR) has partnered with the Development Bank of the Philippines (DBP) and MyEG for a payment service that allows taxpayers to pay their tax dues online. 58503 In a statement released by MyEG on Tuesday, Jan. 11, the electronic solutions firm announced that the BIR is...
The Bank of the Philippine Islands (BPI) has started its offering of the fourth tranche of its Peso Fixed-Rate Bonds (Fourth Tranche Bonds) under BPI’s existing P100 billion bond program. 57781 In a disclosure to the Philippine Stock Exchange, the bank said the latest tranche is worth up to P5...
China Banking Corp. (China Bank) has been named the Best Bank in the Philippines by Hong Kong-based financial publication The Asset—besting the largest banks in the country. China Bank President William Whang In a statement, the bank said subsidiary China Bank Capital was also named the Best Bond...
Senator Sherwin Gatchalian is now seeking a in-depth Senate probe into the online bank hacking incident and the spate of spam text messages that occurred late last year. Gatchalian, in filing Senate Resolution No. 961, said it is imperative that the Senate investigates the proliferation of...
