Tag: #GFIs
-
Government issues FIST Act IRR
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.
-
P535 billion available for MSMEs
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).
-
DOF orders GFIs and agencies to boost cybersecurity capability
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.