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...
Asialink gets issuer ratings with ‘stable’ outlook from S&P, Moody’s
ASIALINK Finance Corp. (AFC) has received “BB” long-term and “B” short-term issuer ratings from S&P Global Ratings and a “Ba2” long-term corporate family rating...
SMBC raises RCBC stake to 24.46%
SUMITOMO Mitsui Banking Corp. (SMBC) has raised its stake in Rizal Commercial Banking Corp. (RCBC) as it acquired an additional 4.46% in shares for...
BSP may allow banks to redeem Tier 1 debt early without regulatory approval
THE BANGKO SENTRAL ng Pilipinas (BSP) is looking to allow banks to redeem some of their unsecured subordinated debt eligible as Tier 1 capital...
Peso slips as BoJ stance drags yen to fresh lows
THE PESO edged lower on Monday as the dollar was stronger against the yen and most regional currencies amid the Bank of Japan’s (BoJ)...
Pru Life UK posts P7.38B in new business premiums at end-September 2025
PRU LIFE Insurance Corp. of UK Philippines (Pru Life UK) booked a new business annual premium equivalent (NBAPE) of P7.38 billion in the first...
Peso may stay at P58 level on remittance inflows for holidays
THE PESO may continue trading within the P58 level against the dollar this week, with investors expected to monitor the release of more US...
LANDBANK plans sustainability bond offering
LAND BANK of the Philippines (LANDBANK) is set to issue sustainability bonds next quarter as it looks to expand its lending to its priority...
Fed’s Williams tells CNBC there is no urgent need to cut interest rates again
NEW YORK Federal Reserve President John Williams told CNBC on Friday he does not see an imminent need to follow this month’s interest rate...