BAP: PH banks can withstand ABSCBN shutdown
The Philippine banking system can withstand credit losses that may arise from the shutdown of broadcasting giant ABS-CBN Corp., the Bankers Association of the Philippines assured on Tuesday. From this…
Banks extend fee waivers for digital transactions
Clients of some of the country’s biggest banks will be able to use the services of two major digital payments channels for free until the end of the third quarter,…
Banks do part in BSP’s e-payment thrust, waive service fees
Clients of some of the country’s biggest banks will get for free the services of two major digital payment channels until the end of the third quarter as some financial…
Bankers group vouches for integrity of PH banks
The Philippine financial system is “sound” and “very strict” rules are in place when it comes to the issuance of bank certifications, the Bankers Association of the Philippines (BAP) assured…
COVID-19 has increased responsibility of central banks to maintain stability, says Bank of Thailand governor
Bank of Thailand (BOT) Governor Veerathai Santiprabhob. The Nation/Asia News Network BANGKOK — The central bank has three missions in the aftermath of the Covid-19 pandemic, says Bank of Thailand…
Banks lead gains for stocks on Wall Street in jumpy trading
Financial companies led stocks broadly higher on Wall Street Thursday as traders welcomed news that the Federal Reserve and other regulators are removing some limits on the ability of banks…
S. Korea’s virtual banks come of age in COVID-19 era
(Clockwise) Fintech startup Viva Republica CEO Lee Seung-gun, Naver Financial Group CEO Choi In-hyuk, K bank CEO Lee Moon-hwan and Kakao Bank CEO Yoon Ho-young (Yonhap and respective companies via…
BIR allows tax payments in banks until June 14
The Bureau of Internal Revenue (BIR) is allowing taxpayers to settle their dues outside their revenue district office (RDO) until June 14. To comply with the deadline for 2019 income…
BIR allows paying taxes in banks outside RDO amid MECQ
MANILA, Philippines — Amid a modified enhanced community quarantine (MECQ) which still restricted movement of people, the Bureau of Internal Revenue (BIR) is allowing taxpayers to settle their dues outside…
BSP: Proposed FIST law to buttress PH banks even if bad loans double
The central bank will provide the local banking system with the support it needs to insulate itself from a buildup of bad loans that may result from the ongoing coronavirus…