KUALA LUMPUR— Malaysia is now ready to be back on track as an investment hub for both regional and international investors, driven by creative and innovative methods in encouraging investments implemented by the government. …
Personal remittances from Overseas Filipinos (OFs) rose by 4.8 percent to US$2.889 billion in August 2021 from US$2.756 billion in the same month last year. This resulted in the increase in cumulative remittances by 5.9…
The Bangko Sentral ng Pilipinas (BSP) expects the development of more customer-centric financial products following the implementation of BSP’s Open Finance Framework. Open finance supports a consent-driven data sharing scheme that promotes collaborative partnerships among…
The Police would like to alert the public to a tech support scam where victims were purportedly cheated by scammers impersonating “tech support” staff from a local telecommunications company. In September 2021, the Police were…
CANBERRA— Recent coronavirus lockdowns have cost the Australian economy billions of dollars as the country continues to battle the third wave of COVID-19 infections, said Australia’s Treasurer Josh Frydenberg. He told a press conference…
The Bangko Sentral ng Pilipinas (BSP) sees the issuance of the Implementing Rules and Regulations (IRR) on expanding the provision of internet service through satellite services as further promoting financial inclusion and digital finance in…
WASHINGTON— The IMF Executive Board reaffirmed its “full confidence” in the Washington-based crisis lender’s chief, Kristalina Georgieva, keeping her on as managing director after she was hit with allegations of data tampering. “Having looked…
The Bangko Sentral ng Pilipinas (BSP) underscores the importance of stakeholder engagement and collaboration in its efforts to onboard more unbanked Filipinos into the formal financial system. “We have embraced financial technology to bring more…
