Philippines
Metrobank implements importers’ automated system
Metrobank implements importers’ automated system
Metrobank implemented its electronic-to-mobile payment system for processing of duties and taxes of its client importers. It involves the use of both cash and non-cash payments for either advanced or final settlement of duties and taxes. Non-cash payments include tax credit certificates, tax exemption certificates and advanced payments covered by letters of credit.
J.P Morgan wins US$1 billion Philippines mandate
J.P. Morgan announced today that it has been selected by Government Services Insurance System (GSIS) of the Philippines to serve as custodian for its US$1 billion overseas investment programme.
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