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Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from PHP Cash Lending Finance, Loan service, Unit 802, 8th Floor Philplans Corporate Center, 10th Avenue, 1634 Kalakhang Maynila, Philippines Taguig, Taguig.

19/03/2025

The Bangko Sentral ng Pilipinas (BSP) has issued a draft circular to introduce stricter rules on certain foreign exchange (forex) transactions to prevent excessive risks in the financial system.

18/03/2025

The Philippines remains hopeful that the US will continue to support the development of the Luzon Economic Corridor (LEC) despite the pause on foreign assistance by the United States.

17/03/2025

In a statement, Landbank said its viability rating has improved to ‘bb+’ from ‘bb’, reflecting the bank’s better financial standing. Landbank president and CEO Lynette Ortiz said Fitch’s upgrade highlights the bank’s stronger capital buffers and enhanced bottom line prospects.

15/03/2025

The government will no longer increase the minimum paid-up capital of existing health maintenance organization (HMOs), but they will undergo tiering based on net worth instead.

13/03/2025

RCBC, Japanese banks tie up to assist small business:

Osaka-based Kansai Urban Banking Corp. and Kobe-based Minato Bank signed a business alliance agreement with Rizal Commercial Banking Corp., to help small and midsize Japanese firms advance into the Southeast Asian country, the ABS-CBN reported.

All three banks aim to promote business tie-ups between their clients while cooperating in offering Philippine market and investment information and various support such as accounting and tax expertise. RCBC began in 1960 and now has 508 branches across the country on a consolidated basis.

07/03/2025

“We thank our clients, teammates and stakeholders for the partnership and collaboration. We carry that momentum into 2025 as we leverage our investments to support clients and execute on our Better Banking promise,” Vohra said. Security Bank’s return on equity stood at 8.11 percent, while return on assets was 1.12 percent. For the fourth quarter alone, the bank’s net income surged by 81 percent to P2.8 billion year on year. For 2024, net interest income grew 26 percent to P43.7 billion as net interest margin reached 4.73 percent.

06/03/2025

China imported a record-high 625,166 metric tons of bananas from Vietnam while its purchase from the Philippines stood at 463,306 MT, the lowest volume in 15 years.

On an annual basis, China’s banana imports from Vietnam expanded by almost 24 percent from 505,633 MT in 2023, reflecting the Southeast Asian country’s growing production and exports for the prized fruit.

05/03/2025

Gasoline, diesel, kerosene prices cut by as much as P1.40 per liter

March kicks off with a welcome drop in fuel prices, providing motorists with around P1 per liter in relief after two straight weeks of increases.

04/03/2025

Ayala-led Bank of the Philippine Islands (BPI) is set to complete the full integration of Robinsons Bank this year, with all Robinsons Bank branches expected to be rebranded as BPI branches by October. Elfren Antonio Sarte, BPI executive vice president and former Robinsons Bank CEO, said that some Robinsons Bank branches were already integrated in 2024 and BPI intends to complete the transition within this year.

03/03/2025

Mobi724 launches in Philippines

Canada-based Mobi724 Global Solutions Inc has expanded its card linked offers business in the Philippines called the EMV, a global standard for chip based credit and debit card transactions and it stands for Europay, Mastercard and Visa, a joint effort between these companies.

Mobi724 announced that it started live processing of local EMV payment transactions in the country last May 10, following Mobi724 ‘s disclosure of its Q4 and 2017 fiscal year results on May 1, where the company announced that its card linked offers grew 51 per cent.

Among the company’s plans is to add new competitive solutions which will be announced once the testing and certifications are done, said Mobi724 CEO Marcel Vienneau in an interview with Investing News Network (INN). He expects those to be completed in the next 45-60 days and that the company has potential customers ‘that want to use it.’

02/03/2025

The Bangko Sentral ng Pilipinas (BSP) may start easing its stance in defending the peso by the second half of the year to allow exports to grow and the economy to expand, according to a research group.

In an analysis, HSBC Global Research said the BSP would likely consider bringing down its rate differential with the US Federal Reserve before the end of 2025 for growth purposes.
HSBC believes the BSP has to loosen its defense of the peso to raise exports value and improve the balance of payments to benefit the economy.
It said the Philippines is one of the economies safe from any tariff attack from the US, unlike countries like China and Mexico. As such, the BSP has room to trim the peso’s overvaluation by piling up on reserves when the local currency falls in the foreign exchange market.

01/03/2025

The Philippine Stock Exchange Inc. (PSE) has sealed its acquisition of the stake of the Bankers Association of the Philippines (BAP) and certain member-banks in the Philippine Dealing System Holdings Corp. (PDS).

In a stock exchange filing, the PSE said the transactions under the share purchase agreement with BAP, for itself and on behalf of BAP Data Exchange Inc. and certain member-banks, have been closed.

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Unit 802, 8th Floor Philplans Corporate Center, 10th Avenue, 1634 Kalakhang Maynila, Philippines Taguig
Taguig
1012

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