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...
Peso recovers as tariff woes drag dollar
THE PESO rebounded on Wednesday as global investors sold US assets, including the dollar, due to renewed trade concerns amid President Donald J. Trump’s...
Term deposit yields drop on policy bets
THE BANGKO SENTRAL ng Pilipinas’ (BSP) seven-day term deposits fetched slightly lower yields on Wednesday on expectations for further monetary policy easing.
Bids for the...
Reissued 20-year bonds fetch higher rates on tepid demand
THE GOVERNMENT made a full award of the Treasury bonds (T-bonds) it offered on Tuesday at higher rates amid weak market appetite for longer...
LANDBANK plans to open 15 new branches, branch-lite units this year
LAND BANK of the Philippines (LANDBANK) is planning to open 15 branches and branch-lite units nationwide this year as it looks to make financial...
BDO sells controlling stake in DHI
BDO UNIBANK, Inc. (BDO) is selling its controlling stake in its listed investment holding company Dominion Holdings, Inc. (DHI) for P2.54 billion.
The bank on...
Peso extends slide on trade war fears
THE PESO slipped against the dollar on Tuesday to move closer to its all-time low due to fresh tariff threats from the United States.
The...
BDO sells majority stake in Dominion Holdings
BDO UNIBANK, Inc. is selling its majority stake in its investment holding company Dominion Holdings, Inc. (DHI).
The bank on Monday (Jan. 19) signed a...
JP Morgan cuts emerging market FX view on overcrowding worries
LONDON - JP Morgan's strategists cut the bank's view on emerging market currencies to 'market weight' from 'overweight' on Monday, saying short-term positioning was...
BTr hikes T-bill award as yields on all tenors drop
THE GOVERNMENT upsized its award of the Treasury bills (T-bills) it offered on Monday as rates dropped across the board amid strong demand for...
InLife sells stake in iCare HMO
INSULAR LIFE Assurance Co., Ltd. (InLife) has sold its shares in its health maintenance organization (HMO) subsidiary Insular Health Care, Inc. (iCare HMO) to...
Digital banks face profitability concerns with new players to intensify competition
THE EXPANSION of the Philippine digital banking sector is expected to lead to increased innovation and improved financial services that would benefit consumers, the Bangko Sentral ng Pilipinas (BSP) said.