BSP securities fetch higher average rate
THE CENTRAL BANK’S one-month securities saw its average rate go up on Friday, even as the offering was oversubscribed.
Total bids for the Bangko Sentral...
Gov’t debt yields end higher on hawkish Fed bets
YIELDS on government securities (GS) mostly climbed last week as investors took a defensive stance amid the holidays and amid bets on a hawkish...
Security Bank to ramp up digital transformation
SECURITY BANK Corp. will continue to invest in technology to advance the digital transformation of its services, it said on Sunday.
The bank said that...
Banking system’s strength to support economy
THE PHILIPPINE banking sector’s continued strength can provide a catalyst for economic activity, the Bangko Sentral ng Pilipinas (BSP) said.
This comes amid dismal growth...
Peso may move sideways as market activity slows down
THE PESO may continue to consolidate at the P58 level on Friday as trading activity winds down amid the holidays, with fiscal concerns and...
IFC eyes $60-M loan to support women-led firms
THE INTERNATIONAL Finance Corp. (IFC) is eyeing a $60-million loan to CreditAccess Philippines Financing Co., Inc., which operates as OnePuhunan, to help expand lending...
What is the board’s role in AI strategy?
By Flor G. Tarriela
Artificial intelligence (AI) is no longer a futuristic concept. It is reshaping industry, and its impact is growing fast. This is why AI belongs...
Yields on BSP’s term deposits continue to drop
YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) term deposit facility (TDF) fell on Tuesday, even as the offer went undersubscribed, as the market...
Transfers via InstaPay, PESONet hit P22 trillion
TRANSACTIONS made via InstaPay and PESONet breached P22 trillion at end-November as more Filipinos used digital finance platforms.
The combined value of InstaPay and PESONet...
Peso weakens further on dollar demand
THE PESO dropped on Tuesday on increased demand for the dollar before the holidays.
The local unit closed at P58.85 per dollar, declining by 12...
Japan issues sternest intervention warning, says yen deviating from fundamentals
TOKYO — Japan has a free hand in dealing with excessive moves in the yen, Finance Minister Satsuki Katayama said on Tuesday, issuing the...
PDIC partners with OGCC for special legal services to boost depositor protection
THE Philippine Deposit Insurance Corp. (PDIC) has partnered with the Office of the Government Corporate Counsel (OGCC) as it looks to boost depositor protection.
PDIC...