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Former BIS Banker Eli Remolona Appointed as New BSP Governor
Monetary Board member Eli Remolona has been appointed as the new Governor of the Bangko Sentral ng Pilipinas (BSP). He succeeds Felipe Medalla who has held the position for a one-year term. Prior to joining BSP, Remolona served as an
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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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