Term deposits fetch lower yields on inflation, BSP easing bets
THE BANGKO SENTRAL ng Pilipinas’ (BSP) seven-day term deposits fetched a lower average rate on Wednesday on strong demand and expectations of benign November...
Digital banks, fintech players to launch roadmap, other initiatives for financial health
THE Digital Bank Association of the Philippines (DiBA PH) and FinTech Alliance PH will launch three new initiatives to help advance financial well-being and...
Peso sinks as BSP chief says weak growth may lead to another rate cut
THE PESO slid to a near two-week low against the dollar on Wednesday as the Bangko Sentral ng Pilipinas (BSP) chief said they expect...
ASX outage deepens investors’ doubts over tech overhaul
SYDNEY — The Australian Securities Exchange’s (ASX) technology turnaround plan, touted by the firm’s chair as being too important to fail, is facing questions...
Reissued seven-, 10-year bonds fetch lower rates
THE GOVERNMENT made a full award of the dual-tranche Treasury bonds (T-bonds) it auctioned off on Tuesday at lower rates amid strong demand amid...
FinTech Alliance PH plans data-sharing initiative to curb online lending risks
FINTECH ALLIANCE PH is planning to launch a data-sharing initiative next year among industry players that focuses on monitoring borrowing behavior and possible fraudulent...
BSP proposes rules to ensure settlement of payments, transfers during disruptions
THE BANGKO SENTRAL ng Pilipinas (BSP) has released draft rules that require participants of the Peso Real-Time Gross Settlement (RTGS) payment system to adopt...
JPMorgan shuts down investment analytics unit, affecting PHL workers
JPMORGAN Chase & Co. has ceased the global operations of its investment analytics arm Aumni that it acquired in 2023, which will affect some...
21% of Filipinos prioritize saving for emergency funds, Metrobank survey shows
MORE THAN 20% of Filipinos said building their emergency funds is their top savings priority over home improvement, personal purchases, and leisure spending, according...
Peso slips with PHL growth seen missing gov’t target
THE PESO slipped against the dollar on Tuesday on economic growth concerns and ahead of key US data to be released on Friday.
The local...
Gov’t hikes award of T-bills on strong demand
THE GOVERNMENT hiked the volume of Treasury bills (T-bills) it awarded on Monday as the offer was met with robust demand and all tenors...
DBP to ask for dividend, regulatory relief as it seeks to rebuild its capital
THE DEVELOPMENT Bank of the Philippines (DBP) is planning to seek dividend and regulatory relief again from the central bank to rebuild its capital,...