Peso may be range-bound as market eyes Fed meet minutes
THE PESO may trade sideways against the dollar this week as the market awaits the release of minutes of the US Federal Reserve’s policy...
Bank of Japan in no rush to sell risky asset holdings
TOKYO - Bank of Japan Governor Kazuo Ueda said the central bank had no immediate plan to sell its huge holdings of exchange-traded funds...
PHL financial system resources expand by 9% as of end-March
THE COMBINED RESOURCES of the Philippine financial system rose to P31.672 trillion as of end-March, data from the Bangko Sentral ng Pilipinas (BSP) showed....
Bank of Commerce lists P6.57-B bonds
BANK of Commerce (BankCom) on Thursday listed its one-and-a-half-year Series B bonds on the Philippine Dealing & Exchange Corp. (PDEx) after raising P6.57 billion...
Is the Philippines getting richer?
By Benel D. Lagua
As a resident facing the daily monstrous traffic and reading the bickering in the political field involving no less than the families of the...
RCBC disburses over P1 billion in salary loans
RIZAL COMMERCIAL Banking Corp. (RCBC) has disbursed over P1 billion in salary loans through its salary advance facility called RCBC Payday NOW since its...
IC places CHSI subsidiary Caritas Financial Plans under receivership
THE INSURANCE COMMISSION (IC) has placed pre-need firm Caritas Financial Plans, Inc. (CFPI) under receivership and issued a stay order due to the company’s...
Philippines’ 2023 suspected digital fraud rate higher than global level, study shows
SOME 8.3% of all digital transactions by consumers in the Philippines last year were suspected to be fraudulent, 66% higher than the global digital...
Peso rises further on US CPI data
THE PESO strengthened against the dollar on Thursday as US consumer inflation eased last month, renewing bets of an early rate cut by the...
Term deposit yields inch higher before central bank’s meeting
YIELDS on the term deposits of the Bangko Sentral ng Pilipinas (BSP) inched higher on Wednesday ahead of the Monetary Board’s policy review this...
Moody’s affirms ratings, outlooks for BPI and Metrobank
MOODY’S RATINGS has affirmed its ratings and outlooks for Bank of the Philippine Islands (BPI) and Metropolitan Bank & Trust Co. (Metrobank) on expectations...
Security Bank sees net earnings rise by 11.4% in the first quarter
SECURITY Bank Corp. (Security Bank) saw its net income increase by 11.4% in the first quarter on growth across its retail, wholesale and micro,...