22 July 2019

  • Government orders LGUs to charge standard fees for services
    Finance Secretary Carlos G. Dominguez III and Interior Secretary Eduardo M. Año signed a joint circular ordering local government units (LGUs) to follow a set of standards fees on regulatory fees and other service charges. The issuance of Joint Memorandum Circular (JMC) 2019-01 aims to ensure that LGU fees do not unduly burden the public […]
  • Bureau of the Treasury fully awards T-bills on market convergence
    THE Bureau of the Treasury (BTr) has awarded the full P15 billion on offer for Treasury bills (T-bills) auctioned off on Monday, as the market continues to be flushed with liquidity after the cuts on banks’ reserve requirements. “[The move] shows the market expectations,” National Treasurer Rosalia V. de Leon said. “First, [by the] end […]
  • BSP assures in-depth study on proposed P20 coin
    The Bangko Sentral ng Pilipinas (BSP) has assured the public that an extensive and in-depth deliberation will be done regarding the proposed production of P20 coins. In a statement, the BSP said “a total systems study on the currency cycle” in the Central Bank was conducted recently by a team from the University of the […]
  • Bank eyes electronic trading solution to boost business
    Union Bank of the Philippines (UnionBank) announced on July 17 it has adopted the electronic trading solution of Refinitiv Ltd. to power its business in the Philippines and strengthen its presence in both the local and international foreign-exchange markets. “In the Southeast Asian region, electronic trading has gained ground since banks require flexible trading platforms […]
  • Citi retains positive outlook for PHL in 2nd half of 2019
    Citi Philippines projects positive growth for the Philippines in the second half of the year despite continued global challenges. According to Ramon Tejero, Citicorp Financial Services and Insurance Brokerage Inc. (CFSI) president, the coming months will be favorable as both the government and the private sector are expected to start spending again. “We will see […]

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