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The Bangko Sentral ng Pilipinas (BSP) received the “2024 Excellence in Currency Technical Award” for its Coin Deposit Machine (CoDM) Project from the International Association of Currency Affairs (IACA).
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According to The Philippine Stock Exchange, Inc.'s (PSE) annual Stock Market Investor Profile report, there were 1,906,019 stock market accounts at the end of 2023, up 11.3% or 193,285 from 1,712,734 in 2022.
Beware of scammers that pretend to be from LTO! The Land Transportation Office (LTO) warns motorists of new online scams that impersonate the agency via traffic violation notifications. Clicking the link in the message will lead you to a phishing site that will capture your personal and financial information.
According to the Insurance Commission, the total healthcare benefits paid out by health maintenance organizations (HMOs) amounted to P15.05 billion in the first quarter of 2024, or a 17.3% increase from healthcare benefits paid out during the same period last year.
The Securities and Exchange Commission (SEC) continues to prosecute groups soliciting investments from the public without the necessary registration and licenses from the Commission.
The Social Security System (SSS) assured the social security coverage of all Filipino seafarers and maritime professionals as labor groups, manning agencies, ship owners, and government agencies formed the Maritime Industry Tripartite Council (MITC) during a pact signing ceremony in Intramuros, Manila.
Republic of the Philippines successfully returned to the international capital markets for the first time in 2024 with its US$2 billion dual-tranche 10-year and 25-year SEC-registered Fixed Rate Global Bonds (the “Global Bonds” or the “Notes”). The 25-year Global Bond will be issued under the Republic’s Sustainable Finance Framework, marking the Republic’s fifth G3 ESG bond offering. This transaction follows the Republic’s US$1 billion 5.5-year Sukuk in December 2023, US$3 billion triple-tranche bond offering in January 2023, US$2 billion triple-tranche bond offering in October 2022, JPY 70.1 billion four-tranche Samurai bond offering in April 2022 and US$2.25 billion triple-tranche bond offering in March 2022
The BSP recently released its Report on the Philippine Financial System for the Second Semester of 2023, underscoring the sustained resilience of the system amid macroeconomic uncertainties while remaining supportive of the country’s economic recovery and development.
According to the Insurance Commission, total premiums collected under microinsurance policies amounted to P13.54 billion as of the year-end of 2023. This is a 17.35% increase from microinsurance premium collection in 2022.
The Securities and Exchange Commission (SEC), together with the Department of Finance (DOF) and the Asian Development Bank (ADB), concluded a Joint Knowledge Sharing Event (JKSE) that introduced digitally tracked green bonds (DGTBs)to potential issuers, investors, and policy makers.
Social Security System (SSS) President and Chief Executive Officer Rolando Ledesma Macasaet urged Filipino workers to be vigilant and regularly check if their contribution records are updated as the SSS pursued delinquent employers nationwide.
The Junior Confederation of Finance Associations – Philippines (JCFAP), an organization of over 15,000 finance students from 150 schools across the country, conducted its annual National Finance Summit last April 21 at the Le Pavillon, Bay Area Central Business District in Pasay City.
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