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...
BSP bills’ rates go down despite lower demand
YIELDS on the central bank’s one-month securities dropped on Friday even as the offer was undersubscribed.
The 28-day Bangko Sentral ng Pilipinas (BSP) bills fetched...
Debt yields end higher as US data back Fed bets
YIELDS on government securities (GS) ended mostly higher last week following the release of US economic data that fueled bets on the Federal Reserve’s...
BPI plans to merge thrift units BanKo, Legazpi Savings Bank
BANK of the Philippine Islands (BPI) is set to merge its thrift bank subsidiaries BPI Direct BanKo, Inc., A Savings Bank (BanKo) and Legazpi...
BSP to deepen domestic money market amid financial integration
THE BANGKO SENTRAL ng Pilipinas (BSP) is working to strengthen the domestic capital market and promote cross-border payments as financial markets become more integrated.
“The...