Archive
Philippines Issues Maiden Tokenised Treasury Bonds via PDAX
In a notable advancement for the Philippine cryptocurrency sector, crypto exchange PDAX has collaborated with the Bureau of the Treasury of the Philippines (BTR), Landbank of the Philippines, and the Development Bank of the Philippines (DBP) to launch the country’s
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Kenneth Stern Leaves Binance Amidst Regulatory Challenges in the Philippines
Kenneth Stern, the former General Manager of Binance in the Philippines, has officially parted ways with the company. This development follows an advisory by the Philippines’ Securities and Exchange Commission (SEC), which warned that Binance is not authorised to offer
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UnionBank Bolsters Digital Arm UnionDigital with US$32.5M Capital Infusion
UnionBank of the Philippines is significantly enhancing its investment in its digital banking division, UnionDigital Bank Inc., with a capital boost of P1.8 billion (US$32.5 million). This move, ratified by the bank’s board on November 24, aims to bolster UnionDigital’s
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SEC Says Binance Not Licensed for Operations in the Philippines
The Securities and Exchange Commission (SEC) of the Philippines has recently issued an advisory concerning the online cryptocurrency exchange Binance. The SEC has stated that Binance is not authorised to sell or offer securities to the public within the Philippines.
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Trade Gold Like a Pro: Strategies for Successful Gold Trading
Gold has long been an attractive investment for Filipinos looking to grow their money. While buying physical gold like jewelry or bullion is common, actively trading gold contracts offers more flexibility and profit potential if done properly. Here are some
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Fintech a Core Element of the “Iron Triangle” Fueling Philippines’ Startup Growth
In the Philippines, fintech, e-commerce and logistics are prominent sectors in the entrepreneurial landscape. These industries, referred at as the “iron triangle”, have been instrumental in innovation and are now fueling growth in emerging areas such as entertainment, healthtech and
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Tackling the US$2 Trillion Funding Shortfall for Asia Pacific’s SMEs
Small and medium enterprises (SMEs) are vital in driving economic growth, particularly in developing countries, as they significantly contribute to the GDP and play a key role in job creation. According to the Asian Development Bank, SMEs make up 98%
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Coins.ph’s TradeDesk Surpassed US$1 Billion in Crypto Trading Volume This Year
Philippines’ cryptocurrency exchange Coins.ph revealed that its TradeDesk service has surpassed a trading volume of US$1 billion in 2023. TradeDesk, launched in November 2022, caters to high net worth individuals and institutional clients, offering a personalised over-the-counter trading experience in
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GoTyme Bank and PayMongo Enable Easier Loan Access for Thousands of SMEs
Filipino digital bank GoTyme and payment gateway PayMongo have recently announced a partnership aimed at enhancing financial access for small and medium-sized enterprises (SMEs). This collaboration is set to allow thousands of SMEs in the PayMongo merchant network to obtain
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UnionBank Expands Wealth Management Services with New Launches
The Union Bank of the Philippines had recently introduced two new wealth management programmes, UnionBank Elite and UnionBank Access. These initiatives are part of UnionBank’s efforts to enhance its wealth management services for clients, utilising the capabilities acquired from its
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