TOTAL assets of the Philippine banking sector amounted to P27.26 trillion as of end-May, up 6.4 percent from the year-earlier P25.62 trillion, according to data from the Bangko Sentral ng Pilipinas (BSP). Bank assets consist of deposits, loans and investments, including cash, amounts due from other banks, interbank loans receivable (IBL) and reverse repurchase (RRP)
One line says: “You and the Minister of Revenue commissioned Inland Revenue to review whether income tax settings are applying correctly to banks for potential consideration at Budget 2026.″ Following questions from the Herald, the Finance Minister said that as part of its work to address the cost of living, the Government “is taking action
Chairman Prof. Narada Fernando Chief Executive Officer Clive Fonseka People’s Bank, one of Sri Lanka’s largest state-owned commercial banks, marks 64 years in operation today, affirming its role in expanding formal banking access and advancing financial inclusion. Over the decades, the bank has adapted to the shifting market dynamics and policy priorities, with the recent
Newmax’s stock debut may be the talk of Wall Street, but the investment bank behind the deal is not normally associated with the sector’s splashiest IPOs. Rather than using a large advisory firm like Goldman Sachs or Morgan Stanley, Newsmax tapped a relatively obscure advisor: the Laguna Beach, California-based Digital Offering LLC, which has just