The merger of LandBank and the Development Bank of the Philippines will create the country's largest lender by assets.
March 30, 2023Telcos are required to collect customer ID information when selling SIM cards. The law is aimed at curbing the spread of spam text messages and scams.
October 20, 2022All government departments and agencies, state universities and colleges, and state-owned or controlled corporations will have to implement digital payments.
August 25, 2022The Department of Finance is directed through a presidential order to provide oversight of FX derivatives activities of non-bank government entities.
June 5, 2022The law grants regulators enhanced powers to address fraud and consumer complaints in a more timely manner.
May 19, 2022The 85-year-old Public Service Act has been amended to allow full foreign ownership in the airlines, telecommunications, shipping, railway and irrigation sectors.
March 27, 2022Qualified foreigners can fully own domestic enterprises including SMEs without prior approval, as long as they hire local workers.
March 10, 2022The BSP welcomed the move, saying the bill will provide the central bank tools to investigate illegal activity and improve the safety of the banking system.
August 20, 2021The BSP has set out the procedure for lenders to apply for approval to dispose of NPAs under the provisions of the FIST Act.
June 3, 2021Under the digital banking framework approved by the BSP in November, the number of digital bank licences is capped at five.
April 26, 2021