Peso flat on mixed tariff signals
THE PESO closed almost flat against the dollar on Thursday as the market continued to digest mixed signals from the Trump administration regarding tariff...
Term deposit yields decline as market expects more BSP cuts
TERM DEPOSIT YIELDS went down on Wednesday on expectations of further rate cuts from the Bangko Sentral ng Pilipinas (BSP) after it resumed its...
InLife looks to launch more products to expand digital, health offerings
INSULAR LIFE Assurance Co., Ltd. (InLife) will launch two or three more products this year to expand its digital and health offerings.
“Being present in...
BSP amends rules on FX derivatives
THE BANGKO SENTRAL ng Pilipinas (BSP) has amended its regulations on foreign exchange (FX) transactions covering different types of derivatives, including swaps, forwards, and...
Peso rises to near seven-month high on optimism over trade deals
THE PESO hit a fresh near seven-month high against the dollar on Wednesday amid hopes of a de-escalation in trade tensions between the United...
Maya Group remains profitable in 1st quarter
MAYA GROUP remained profitable in the first quarter as its digital banking arm booked strong loan growth, it said on Tuesday.
The financial technology (fintech)...
Japan sees little scope for grand deal on yen in talks with the United...
TOKYO — When Japanese Finance Minister Katsunobu Kato meets his US counterpart Scott Bessent in Washington this week, the yen is shaping up to...
GCash partners with Mastercard for contactless payments via app
ELECTRONIC WALLET GCash has partnered with Mastercard to launch an in-app contactless payment solution.
Tap n’ Pay allows GCash app users to make contactless payments...
CIBI inks data-sharing agreement with SEC
CIBI Information, Inc. has signed a memorandum of agreement (MoA) with the Securities and Exchange Commission (SEC) to give the credit bureau’s clients access...
Peso weakens as yuan fix hits Asia currencies
THE PESO weakened anew on Tuesday, joining the Chinese yuan and other Asian currencies that weakened against the dollar.
The local unit closed at P56.68...
Gov’t fully awards Treasury bills at mixed rates as demand shifts
THE GOVERNMENT made a full award for the Treasury bills (T-bills) it offered on Monday at mostly higher rates as the ongoing offering of...
BPI net profit rises 9% in Q1
BANK of the Philippine Islands (BPI) saw its net income increase by 9% year on year in the first quarter as it booked higher...