Five banks signed trade finance agreement with ADB
The Asian Development Bank is making funds available to Philippine traders via its $1-billion regional facility. To help traders get access to this fund, the ADB signed a trade finance agreement with five banks – Development Bank of the Philippines, Metropolitan Bank and Trust Co., Philippine National Bank, Rizal Commercial Banking Corp. and Allied Banking [...]
February 23, 2010
Tags: ADB, bank, banking, finance, funds, money, Philippine Posted in: Announcement, Corporations, Loans, Opportunities, Philippine banks, Philippine business news, Philippines, banking, economy, finance, money 
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Banks to open during holidays
Gone were the days when the public are left on their own during long holidays, as far as their finances and banking matters are concern. This time, some banks would be open during the holidays to attend to their clients’ needs.
Banks also assured the public that their automated teller machines (ATMs) would remain operational during [...]
December 24, 2009
Tags: bank, banking, customer satisfaction, Customer Service, long holidays, money, Philippines Posted in: Announcement, Consumers, Customer Service, Philippine Holidays, Philippine banks, Philippine business news, Philippines, banking, finance, money No Comments
BSP declared ‘not a bank’ and exempted from GRT
A memorandum from the Bureau of Internal Revenue has declared the Bangko Sentral ng Pilipinas (BSP) not a bank and therefore exempted from GRT or gross receipt tax.
The Revenue Memorandum Circular 65-2008, which states that BSP is exempted from GRT and some other taxes was signed by former BIR commissioner Lilian B. Hefti. It was [...]
July 13, 2009
Tags: bank, banking, BIR, BSP, credit, finance, GRT, money, Philippines, tax exemption Posted in: money No Comments
