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BSP to Incentivise Sustainable Green Financing in the Philippines

The Bangko Sentral ng Pilipinas (BSP) intends to introduce further incentives to promote sustainable and green financing in the Philippines. These incentives, including an increased single borrower’s limit (SBL) and a zero reserve requirement rate, are part of the BSP’s

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PETRONAS FutureTech 3.0 Shortlists 20 Local and Asia Pacific Startups

PETRONAS has announced the selection of 20 startups from across Asia Pacific to participate in the third edition of PETRONAS FutureTech, an intensive technology accelerator programme. The PETRONAS FutureTech 3.0, co-organised with StartupX, a Singapore-based innovation, venture and startup enabler,

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Philippines and India Ink MOU on Fintech Cooperation

The Philippines and India have signed a memorandum of understanding (MOU) to enhance fintech cooperation between both countries. The MOU was signed by Philippines’ Finance Secretary Benjamin E. Diokno and Ambassador of India to the Philippines Shambhu Santha Kumaran at

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BSP and BDO Foundation to Develop Free Personal Finance Course for Filipinos

The Bangko Sentral ng Pilipinas (BSP) and BDO Foundation, the corporate social responsibility arm of BDO Unibank, will jointly develop a free online course on financial education. BSP and BDO Foundation will work on the rollout of a nine-module interactive

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GCash and Maya Among Best Workplaces for Filipinos to Grow a Career, Says LinkedIn

Fintech unicorn Mynt (GCash) and digital bank Maya has carved out a place in the top 3 of LinkedIn’s ranking for the best workplaces to grow a career in the Philippines this year. The 3rd annual LinkedIn Top Companies had

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Deconstructing the Evolution of the Fintech Sector in Asia

Since the term ‘fintech’ was first coined in the early 2010s, the financial technology sector and the ecosystem around it has undergone a massive evolution. A fluctuating economic climate has seen some startups go public, while others have gone under

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Philippines Government Pushes for Landbank, DBP Merger by Year End

The Philippines government has proposed a merger between the Landbank of the Philippines (LBP) and the Development Bank of the Philippines (DBP) before the year ends. The consolidated bank will establish its position as the largest bank in the Philippines

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U.S. Banks’ Failures Has No Substantial Impact on Filipino Banks Says BAP

The Bankers Association of the Philippines (BAP) assures the Filipino public that the failures of three U.S. banks in less than a week has “no substantial nor material impact” on the local banks. BAP said in a statement that Philippines’

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Top 5 Fintech Stories That Defined the Philippines in 2022

For a developing fintech market like the Philippines, 2022 was yet another year of groundbreaking developments and impressive growth. The Philippines has a youthful population, and digital literacy is rapidly on the rise across the sprawling collection of islands. Fintech

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The Philippines Has a Pressing Tech Talent Shortage: Report Shows

According to the latest report from Gobi-Core, the Philippines’ tech ecosystem continues to be one of the most resilient in Southeast Asia. However, despite this impressive growth, the Philippines still faces a significant challenge: a need for more tech talent. The burgeoning

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