Yields on term deposits slip on BSP easing bets
YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) term deposits continued to inch lower this week as both tenors were oversubscribed and as slower...
European Commission removes PHL from ‘high-risk’ money laundering list
THE PHILIPPINES has been removed from the European Commission’s (EC) list of “high-risk” countries for anti‑money laundering and countering the financing of terrorism (AML/CFT)...
Central bank reports 62% increase in consumer complaints in 2024
THE BANGKO SENTRAL ng Pilipinas (BSP) processed 62.4% more financial consumer complaints in 2024 compared to the previous year.
“Our office receives different kinds of...
PSBank offers personal loan
PHILIPPINE Savings Bank (PSBank) is offering a personal loan product with flexible payment options.
PSBank’s Flexi Personal Loan allows customers to borrow up to P250,000...
Peso sinks to six-week low as US-China deal boosts dollar
THE PESO sank to a six-week low on Wednesday as the dollar got a boost after the United States and China reached a deal...
Gov’t fully awards bonds at slightly higher rates
THE GOVERNMENT made a full award of the reissued 10-year Treasury bonds (T-bonds) it offered on Tuesday as the offer was met with ample...
BPI raises P40 billion via SINAG Bonds offer
BANK of the Philippine Islands (BPI) has raised P40 billion from its latest offering of sustainable bonds, it said on Tuesday.
The final issue size...
PHL banks to ramp up investments in cybersecurity, collaborate with gov’t
THE PHILIPPINE banking industry, in cooperation with the government and private sector, is set to boost its cybersecurity-related technology spending to improve the delivery...
Consumer lending seen to sustain momentum
CONSUMER LENDING in the Philippines is expected to sustain its growth momentum as easing inflation continues to boost economic activity, according to global information...
Deposit insurance not enough of a safety net against bank runs, study shows
CUSTOMERS tend to withdraw their funds, regardless of size, in the event of bank failures even as these are backed by deposit insurance, according...
Januszczak steps down as UBX president and CEO
JOHN JANUSZCZAK is stepping down as president and chief executive officer (CEO) of UBX Philippines Corp. effective June 16.
Union Bank of the Philippines, Inc....
Peso weakens further amid US-China talks
THE PESO dropped further against the dollar on Tuesday as markets awaited the outcome of the ongoing trade negotiations between the United States and...