Yields on central bank’s term deposits inch down

TERM DEPOSIT yields went down on Wednesday as markets priced in the latest Philippine headline inflation data and amid a stronger peso. The BSP’s term...

GoTyme Bank reaches 5.1 million customers, P24 billion in deposits

GOTYME BANK has reached 5.1 million customers and P24 billion in deposits to date, its top official said. “We’re now at 5.1 million customers. We...

Central bank launches second phase of SME credit risk database project

THE BANGKO SENTRAL ng Pilipinas (BSP) has launched the second phase of its credit risk database project, which aims to improve financial inclusion by...

Skyro, Paynamics partner to expand flexible payment options

FINTECH COMPANY Skyro and e-payment firm Paynamics Technologies, Inc. have partnered to expand and offer more flexible payment options for underserved Filipinos and small...

BSP ensuring ample supply of banknotes

THE BANGKO SENTRAL ng Pilipinas (BSP) is working to ensure ample supply of fresh banknotes amid increased demand over the holidays. The BSP “continues to...

UnionBank to dissolve data unit

UNION BANK of the Philippines, Inc. (UnionBank) plans to shut down its wholly owned subsidiary Union Data Corp. (UDC) “Please be informed that the Securities...

Peso sinks before key US economic data

THE PESO sank against the dollar on Wednesday on expectations of faster US consumer and producer inflation last month, which could affect the US...

BTr fully awards 10-year bonds

THE GOVERNMENT made a full award of the reissued 10-year Treasury bonds (T-bonds) it offered on Tuesday amid strong demand as investors locked in...

BSP to require all banks, VASPs to use digitized supervisory platform by 2025

THE BANGKO SENTRAL ng Pilipinas (BSP) will require all banks and virtual asset service providers (VASP) to use a digitized regulatory and supervisory engine...

RCBC appoints Cariaso as deputy CEO, announces other leadership changes

RIZAL COMMERCIAL Banking Corp. (RCBC) has appointed its executive vice-president, Reginaldo Anthony B. Cariaso, as deputy chief executive officer (CEO) effective Jan. 1. The Yuchengco-led...

Cryptocurrency awareness grows among Filipinos

FILIPINOS are now more aware of cryptocurrencies, but few are confident that they fully understood them, a survey by blockchain software company Consensys showed. Almost...

Peso ends unchanged as market awaits US consumer inflation report

THE PESO ended flat against the dollar on Tuesday as the market stayed cautious before the release of US consumer inflation data. The local unit...