LPA North of Itbayat Likely to Develop into a Cyclone

Manila: The low pressure area (LPA) last spotted 370 kilometers north northeast of Itbayat, Batanes is likely to develop into a tropical cyclone in the next 24 hours, the weather bureau said Wednesday. “It is still far from the landmass so it is not y…

BSP Amends Islamic Banking Unit Guidelines to Boost Sector

Manila: Rules governing the operation of Islamic Banking Units (IBUs) have been amended to encourage more players and help boost the country’s Islamic banking sector. The Bangko Sentral ng Pilipinas (BSP) clarified that IBUs need not have a separate c…