Filipinos seek to ensure heirs’ financial security
NEARLY 80% of Filipinos said financial security is their top priority in legacy planning, but most fear that wealth may not last beyond their...
Peso sinks to P59 level again as growth concerns hit sentiment
THE PESO on Thursday sank to the P59 level against the dollar, hitting an over two-week low, as expectations of another rate cut from...
Tonik Financial raises $12 million to bolster digital bank’s capital position
TONIK FINANCIAL Pte Ltd, the controlling shareholder of Tonik Digital Bank, Inc., has raised $12 million in fresh financing to boost its capital and...
Refounding: returning to our beginnings
By Benel D. Lagua
The Philippines is grappling with a deepening sense of uncertainty. Disclosures of massive corruption in government infrastructure projects, combined with cracks in national leadership,...
Online lenders target to bring more Filipinos into formal financial sector
ONLINE LENDING companies target to onboard 300,000 additional borrowers monthly next year as the sector wants to help in bringing more Filipinos into the...
Term deposits fetch lower yields on inflation, BSP easing bets
THE BANGKO SENTRAL ng Pilipinas’ (BSP) seven-day term deposits fetched a lower average rate on Wednesday on strong demand and expectations of benign November...
Digital banks, fintech players to launch roadmap, other initiatives for financial health
THE Digital Bank Association of the Philippines (DiBA PH) and FinTech Alliance PH will launch three new initiatives to help advance financial well-being and...
Peso sinks as BSP chief says weak growth may lead to another rate cut
THE PESO slid to a near two-week low against the dollar on Wednesday as the Bangko Sentral ng Pilipinas (BSP) chief said they expect...
ASX outage deepens investors’ doubts over tech overhaul
SYDNEY — The Australian Securities Exchange’s (ASX) technology turnaround plan, touted by the firm’s chair as being too important to fail, is facing questions...
Reissued seven-, 10-year bonds fetch lower rates
THE GOVERNMENT made a full award of the dual-tranche Treasury bonds (T-bonds) it auctioned off on Tuesday at lower rates amid strong demand amid...
FinTech Alliance PH plans data-sharing initiative to curb online lending risks
FINTECH ALLIANCE PH is planning to launch a data-sharing initiative next year among industry players that focuses on monitoring borrowing behavior and possible fraudulent...
BSP proposes rules to ensure settlement of payments, transfers during disruptions
THE BANGKO SENTRAL ng Pilipinas (BSP) has released draft rules that require participants of the Peso Real-Time Gross Settlement (RTGS) payment system to adopt...