Peso jumps to P58 level on broad dollar weakness
THE PESO jumped on Monday to return to P58 level amid broad dollar weakness, with the yen also surging against the greenback on intervention...
T-bill, bond rates may be mixed before GDP data
RATES of the Treasury bill (T-bills) and Treasury bonds (T-bonds) on offer this week could end mixed as players await the release of Philippine...
Peso may strengthen further before GDP
THE PESO could trade stronger this week and even return to the P58 level before the release of Philippine gross domestic product (GDP) growth...
BSP bills’ rates drop as demand soars
THE BANGKO SENTRAL ng Pilipinas’ (BSP) short-term securities fetched a lower average rate on Friday as demand for the offering remained strong.
The 28-day BSP...
Apple Pay free to launch any time in the Philippines, says BSP
APPLE PAY may enter the Philippine market at any time as the Bangko Sentral ng Pilipinas (BSP) has already ruled that it is not...
Debt yields mixed amid global volatility
YIELDS on government securities (GS) ended mixed last week amid global market volatility and as players await key Philippine economic data for clues on...
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...