BSP Proposes Stricter Payment Transaction Rules
The Bangko Sentral ng Pilipinas (BSP) has proposed new regulations requiring banks and payment firms to identify the ultimate merchants and beneficiaries behind payment transactions. The move aims to enhance transparency, combat fraud and money laundering, and strengthen the integrity of the payment system.
This article requires PRO
This article is outside the free access window or is a special report. PRO unlocks it and the full archive.
Related articles
- Sun Life Philippines Honored with Golden Arrow Award for Corporate Governance Excellence, 8th Year Running
Sun Life of Canada (Philippines) has received its eighth consecutive Golden Arrow Award, based on the 2025 ASEAN Corporate Governance Scorecard. This recognition highlights the company's sustained commitment to robust corporate governance and its standards for protecting client interests and ensuring sound decision-making.
- Philippine Manufacturing Stays in Contraction in October Amid Weak Demand, Rate Hikes
Philippine manufacturing activity contracted for the second consecutive month in October, with the S&P Global PMI falling to 49.1. Weak demand and rising interest rates are impacting output and new orders, though manufacturers increased finished goods stocks in anticipation of future recovery.
- JP Morgan Advises Ayala Corp. on Divesting Units and Privatizing Property Arm
J.P. Morgan has commended Ayala Corp.'s portfolio management and suggested divesting profitable units and privatizing its listed property arm, Ayala Land. This strategy aims to further enhance corporate value and expand shareholder returns.
- Philippine-born Hotel101 Achieves Record Revenue in Madrid
Hotel101-Madrid, a subsidiary of the Philippines' DoubleDragon Corp., achieved record-high revenues in October 2026, its strongest performance since opening in March 2026. With an average occupancy rate of 97.41%, the results highlight the success of the company's global expansion strategy.