Sun Life Philippines looking to boost digitalization initiatives
SUN LIFE of Canada (Philippines), Inc. (Sun Life Philippines) will ramp up its technology investments to further expand its reach via online distribution platforms...
Zepz buys remittance provider Pomelo to strengthen presence in the Philippines
GLOBAL PAYMENTS group Zepz, which owns WorldRemit and Sendwave, has acquired a US-based financial technology (fintech) company providing credit-based remittance services as it looks...
Peso strengthens to two-week high as Trump retracts tariff threats
THE PESO rose to a two-week high against the dollar on Thursday on improving market sentiment after US President Donald J. Trump backed down...
AI and the finance sector: What will the BSP’s AI regulations look like?
By Rose Marie M. King-Dominguez
Artificial intelligence (AI) has been described as a pivotal technology, a linchpin, a game changer — and all these descriptors seem particularly apt when...
PHL financial system resources rise to P35.8 trillion as of Nov.
THE PHILIPPINE financial system’s resources climbed by 7.14% year on year as of end-November, with bulk of these held by banks, preliminary data from...
Fintechs to drive growth in credit card issuance
CREDIT CARD ISSUANCES could grow faster this year, driven by heightened competition among financial technology (fintech) players, the Credit Card Association of the Philippines...
Peso recovers as tariff woes drag dollar
THE PESO rebounded on Wednesday as global investors sold US assets, including the dollar, due to renewed trade concerns amid President Donald J. Trump’s...
Term deposit yields drop on policy bets
THE BANGKO SENTRAL ng Pilipinas’ (BSP) seven-day term deposits fetched slightly lower yields on Wednesday on expectations for further monetary policy easing.
Bids for the...
Reissued 20-year bonds fetch higher rates on tepid demand
THE GOVERNMENT made a full award of the Treasury bonds (T-bonds) it offered on Tuesday at higher rates amid weak market appetite for longer...
LANDBANK plans to open 15 new branches, branch-lite units this year
LAND BANK of the Philippines (LANDBANK) is planning to open 15 branches and branch-lite units nationwide this year as it looks to make financial...
BDO sells controlling stake in DHI
BDO UNIBANK, Inc. (BDO) is selling its controlling stake in its listed investment holding company Dominion Holdings, Inc. (DHI) for P2.54 billion.
The bank on...
Peso extends slide on trade war fears
THE PESO slipped against the dollar on Tuesday to move closer to its all-time low due to fresh tariff threats from the United States.
The...