401 Foreign Nationals Arrested in Pasay City POGO Raid
401 foreign nationals were arrested in a Pasay City POGO raid for illicit activities, including scams. Authorities crack down on illegal offshore gaming operators.
SEC Charges Never Alone Capital Founder Alan Burak in $4M Fraud Scheme
SEC charges Alan Burak of Never Alone Capital with $4M fraud, misusing Latino investors' funds for luxury & adult services. A criminal case was filed.
Can Philippines Combat Crypto Scams and Money Laundering Effectively?
Can the Philippines effectively fight crypto scams as an instrument of money laundering and other illegal gambling? Discover the challenges, reforms, and efforts to exit the FATF gray list.
Philippines Launches 10-Year & 25-Year USD Global Bonds
Philippines launches 10-year & 25-year USD global bonds and euro sustainability bonds under its Sustainable Finance Framework, attracting global investors.
BSP Pushes for a Cashless Philippines by 2025
The BSP accelerates cashless transactions, aims for a coin-lite society, eliminates small fund transfer fees, and drives financial inclusion by 2025.
Maya Bank Disburses PHP 68B in Loans, Sets 2024 Record
Maya Bank disburses PHP 68B in loans in 2024, advancing financial inclusion with digital banking innovation, BSP compliance, and secure financial solutions.
Philippine Banks Launch PHPX Stablecoin for Cross-Border Payments
Philippine banks collaborate to launch PHPX, a peso-backed stablecoin, revolutionizing cross-border payments with real-time transfers and financial inclusion goals.
Female Celebrity Voluntarily Surrenders Over SEC Violation Charges
Rufa Mae Quinto faces 14 counts of SEC violations linked to Dermacare's investment scheme. She denies fraud allegations and posts P1.7M bail.
Cebuana Lhuillier and PayPal Partner for Affordable Transfers
Cebuana Lhuillier partners with PayPal for faster, more affordable cross-border payments using PayPal USD (PYUSD), promoting financial inclusion globally.
Globe, CICC Warn of Phishing Scam Using Fake Rewards
Globe Telecom and CICC warn of a new phishing scam using fake reward points to steal personal, and financial info.
Philippine Peso Could Hit P60 in Early 2025, DBS Says
DBS forecasts the Philippine peso to hit P60 per dollar in early 2025, with factors like US monetary policy and Trump’s trade tariffs affecting the outlook.
5 Koreans Nabbed in PH for $2.9M Crypto Scam
Philippine authorities arrested 5 South Koreans linked to a $2.9M cryptocurrency scam and 1 for larceny. All await deportation. Learn more about the crackdown.
Philippines Warns Public of Get-Rich-Quick Scams This Christmas
Philippine authorities urge caution against get-rich-quick schemes, including crypto and forex investment scams, as fraudulent activities rise during the Christmas season.
Philippines Cracks Down on POGOs and Rising Crypto Scams
As the Philippines intensifies its POGO crackdown, experts warn of a surge in underground operations, including crypto scams and espionage activities.
SEC Fines Broker-Dealers $275K for Incomplete SAR Filings
SEC fines three broker-dealers $275K for filing deficient Suspicious Activity Reports, highlighting the importance of compliance with SAR filing regulations.
GCash, Government to Launch GBonds for Easy Investments
Discover GBonds, launching on GCash this December, to simplify investments for Filipinos. A step toward financial inclusion and accessible government bonds.
Peso Depreciation to 59:$1 Likely Amid Strong Dollar Surge
Peso could fall to 59:$1 but further depreciation is unlikely as the BSP stands ready to defend the currency, ING Bank forecasts.
FBI Raids Polymarket CEO’s Home Amid 2024 Election Bet Probe
Federal agents raid Polymarket CEO Shayne Coplan's home, seizing his phone amid scrutiny over 2024 election betting. Controversy rises as Polymarket calls it political retribution.
Philippine Peso Set for Year-End Boost from Seasonal Remittances
The Philippine peso anticipates a year-end recovery driven by strong remittances, lower oil prices, and easing dollar strength amid the holiday season.
Will Trump’s Second Term Drive Economic Growth Through Tax Cuts?
Donald Trump’s second term may bring economic boosts with plans for tax cuts, deregulation, and crypto policies, impacting banks and various sectors worldwide.
