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A memorandum was released by the Philippine Stock Exchange, Inc., on October 9, 2023, inviting all interested parties to submit their comments on the proposed amendments to the PSE Board Lot.
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The Bureau of the Treasury (BTr) issued a total of USD 1.26 billion in 5.5-Year Retail Onshore Dollar Bonds (RDB 2) with a coupon of 5.75% per annum wherein final withholding tax on coupon payments will be assumed by the Republic of the Philippines. RDB 2 was formally listed on the Philippine Dealing and Exchange Board today.
The House supports House Bill (HB) 8989, often known as the "Financial Literacy for Workers Act." This bill would require employers to provide financial literacy and entrepreneurship programs to their employees.
In response to growing demand, the Bangko Sentral ng Pilipinas (BSP) has deployed 15 additional coin deposit machines (CoDMs) in the last few weeks, bringing to 25 the total number of units available across the Greater Manila Area. The first CoDMS were launched last June.
The Philippine Digital Asset Exchange, often known as PDAX, announces that their Send Crypto costs will be updated as of October 17, 2023, at 9:00 a.m.
In a span of only three months after Pag-IBIG Fund entered partnerships with the country’s top transport networks to provide better access to its membership, 13,128 delivery drivers and riders have registered as Pag-IBIG members and now enjoy the agency’s benefits.
Philippine Digital Asset Exchange, more commonly referred to as PDAX, announces that they will be updating their crypto withdrawal fees starting October 17, 2023, at 9:00 a.m.
There are more options available to Bank of the Philippines Islands (BPI) clients for making cash withdrawals without having to pay an ATM transaction fee
Philippine Digital Asset Exchange, more commonly referred to as PDAX, will soon be delisting Binance USD (BUSD) on the PDAX platform. BUSD issuer Binance has announced that it will be gradually ceasing support for the US dollar-pegged stablecoin come February 2024.
The Bureau of the Treasury (BTr) launched the 2 nd offering of its Retail Onshore Dollar Bonds (RDB 2) with a tenor of five and a half (5.5) years and a gross interest rate of 5.750% per annum that is payable every quarter until its maturity in 2029. A total of USD 611.2 million was raised during the auction, which was three times oversubscribed from the initial target amount of USD 200 million.
PSE releases information on additional pertinent SBL developments and the effectiveness of the short selling guidelines.
Maharlika Investment Fund (MIF) Act of 2023 or Republic Act No. 11954: What You Need to Know10/1/2023 A recently established sovereign wealth fund for the Philippines is called the Maharlika Investment Fund (MIF), commonly referred to as the Maharlika Wealth Fund (MWF).
The Securities and Exchange Commission (SEC) has granted a final one-month extension for amnesty applications of non-compliant and suspended or revoked corporations, before it implements a new scale of fines and penalties.
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