Finance

SEC sets cap on interest rates, fees by lending firms

The Securities and Exchange Commission (SEC) and Bangko Sentral ng Pilipinas have set a cap on the interest rates and other fees charged by lending and financial companies, together with their...

LGUs’ COVID response spending reach P118.9-B as of June 2021

Local government units (LGUs) have spent P118.9 billion combined on COVID-19 response measures as of June 2021, of which P76.44 billion came from their own funds, and another P35.44 billion from...

BSP: Open finance to promote digital transformation and financial inclusion

The Open Finance Roadmap 2021-2024 will boost digital transformation and stakeholder cooperation towards enhanced financial inclusion in the Philippines, according to the Bangko Sentral ng Pilipinas (BSP). “The roadmap outlines priority actions,...

NTRC expanding capabilities of online portal on registration, monitoring of fiscal incentives

The National Tax Research Center (NTRC) is further developing the functionalities of its existing online incentives application portal for investors to allow the electronic submission in the future of reports that would enable the government to better review and analyze the economic impact of investment incentives.

PEZA woos Dubai businesses to invest in PH

MANILA – The Philippine Economic Zone Authority (PEZA) has invited businesses in Dubai to consider locating their next investments in the Philippines.

Bankers Association of the Philippines: Be vigilant against online banking fraud

The Bankers Association of the Philippines (BAP) called on the public to protect themselves from online banking fraud amid reports of an online banking scam affecting several Banco de Oro (BDO) bank account holders in a statement released on Sunday, Dec. 12.

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