April 21, 2014
PhlPASS transactions slightly drop in Q4
MANILA, Philippines – The number of transactions made through the Bangko Sentral ng Pilipinas’ payments and settlements system fell in the last quarter of 2013, the central bank said in a report. The total volume of transactions settled and processed at the Philippine Payments and Settlements System (PhilPASS) went down four percent to 325,446 in …
BSP in talks with Malaysia counterpart to craft Islamic banking framework for PHL
Malaysia, home to the one of the world’s largest Muslim populations, has expressed interest in helping develop the Islamic banking industry in the Philippines, the Department of Finance said Sunday. Finance Undersecretary Jose Emmanuel Reverente said the Bangko Sentral ng Pilipinas has been holding talks with Bank Negara, Malaysia’s central bank, regarding the creation of …
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