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Tuesday, March 19, 2024

Banking & Finance

BPI returning to global bond market to raise at least $300m

Bank of the Philippine Islands (BPI) said Monday it is planning to issue US-dollar denominated senior unsecured debt securities. The bank said in a disclosure to the stock exchange it mandated its investment banking subsidiary BPI Capital Corp. as the sole global coordinator and lead arranger for the planned fund-raising activity. BPI Capital along with joint lead arrangers J.P. Morgan Securities Plc, Mizuho Securities Asia Limited, Standard Chartered Bank and UBS...

OFW money rose 2.7% to $2.84b in January—BSP

Filipinos working abroad sent more money home in January 2024 compared to...

Foreign debt reached record $125.4b in 2023

The Philippines’ foreign debt reached $125.4 billion as of end-2023, representing 25.9...

BSP upgrades 2024 balance of payments surplus goal to $700m

The Bangko Sentral ng Pilipinas (BSP) said Friday it raised the projected...

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DOF meets finance industry stakeholders to refine bill simplifying passive income tax

The Department of Finance (DOF) said Thursday it engaged finance sector stakeholders to further refine the proposed bill on simplifying passive income tax and...

BSP orders banks to accept PhilID as top document

The Bangko Sentral ng Pilipinas (BSP) on Wednesday ordered banks and other BSP-supervised financial institutions (BSFIs) under its supervision to prioritize the Philippine Identification...

Banks to stop accepting checks with old design on May 1—PCHC

Philippine banks will no longer accept checks with the old design starting May 1, 2024, the Philippine Clearing House Corp. (PCHC) said. The move implements...

FundSpace teams up with BPI

FundSpace, a leading loan aggregator in the Philippines, teamed up with BPI Business Banking to  expand financial access and equip Filipino entrepreneurs with the...

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