Peso steady versus dollar on PHL GDP report
THE PESO inched up against the dollar on Thursday following the release of first-quarter gross domestic product (GDP) data.
The local unit closed at P57.38...
Philippines’ gross dollar reserves dip at end-April
THE PHILIPPINES’ gross international reserves (GIR) slipped at end-April as the National Government (NG) paid back some of its debt, the central bank said.
TDF yields mixed after inflation data
YIELDS on the central bank’s term deposit facility (TDF) ended mixed on Wednesday as inflation accelerated in April but remained within target.
The term deposits...
BPI expects BSP to cut rates by 50 bps
BANK of the Philippine Islands (BPI) expects the Bangko Sentral ng Pilipinas (BSP) to implement fewer rate cuts this year after inflation picked up...
Coins.ph gets sandbox approval from central bank for peso stablecoin
CRYPTOCURRENCY platform Coins.ph has received sandbox approval from the Bangko Sentral ng Pilipinas (BSP) to issue a peso stablecoin called PHPC, which will be...
Peso down on Fed comments
THE PESO dropped against the dollar on Wednesday after a US Federal Reserve official said rates are likely to stay higher for longer due...
Government fully awards reissued Treasury bonds
THE PHILIPPINE government fully awarded reissued Treasury bonds at an auction on Tuesday, with rates in line with secondary market levels, but higher than its last award on expectations that the Bangko Sentral ng Pilipinas (BSP) would keep interest rates steady this month.
GoTyme Bank acquires salary lender SAVii
GOTYME BANK has acquired fintech salary lender SAVii to offer payroll-enabled financial products.
“This acquisition enables us to drive our strategy of deepening customer relationships...
Landbank Q1 profit up 11%, exceeding target
LAND BANK of the Philippines’ (LANDBANK) net income went up by 11% to P12 billion in January to March from a year earlier, backed...
US Treasury chief’s intervention remarks spur weak yen bets
THE YEN weakened as US calls for caution on intervention added to expectations that the currency will face continued pressure due to a wide...
Interest income boosts PBB’s first-quarter earnings
PHILIPPINE Business Bank’s (PBB) net income rose by 4.63% to P511.47 million in the first quarter, driven by robust interest income.
Return on assets and...
EastWest posts P1.7-B Q1 profit
EAST WEST Banking Corp. (EastWest Bank) booked a net income of P1.7 billion in the first quarter, spurred by consumer lending expansion and digital...