BSP net profit falls in 2023
THE BANGKO SENTRAL ng Pilipinas’ (BSP) net income fell by 59.9% last year amid higher expenses.
Preliminary data from the central bank showed that its...
Yields on government debt mostly flat
YIELDS on government securities (GS) ended mostly flat last week amid the release of US inflation data that tempered bets of an early rate...
RCBC to use recycled PVC in credit card production
RIZAL COMMERCIAL Banking Corp. (RCBC) will now use recycled polyvynil chloride (rPVC) plastic for its credit cards, it said on Sunday.
“As a bank, we...
Peso to move sideways vs dollar
THE PESO could trade sideways against the dollar this week as the market awaits the policy meeting of the US Federal Reserve.
The local unit...
China c.bank leaves key policy rate unchanged, as expected
SHANGHAI/SINGAPORE - China's central bank left a key policy rate unchanged while withdrawing cash from a medium-term policy loan operation on Friday, as authorities continued to...
Digital payment solutions seen to boost small firms
PAYMENT SOLUTIONS for small businesses must be geared towards digitalization to make their transition to cashless more seamless, according to Visa.
“For small businesses, getting...
Moody’s Ratings: Philippine banks’ profits to remain stable
PHILIPPINE BANKS’ profits are expected to remain stable this year as increased interest earnings from loans to retail and small and medium enterprises (SME)...
Marketing tech in financial services
By Reynaldo C. Lugtu, Jr.
Marketing technology (martech) in financial services has witnessed significant evolution in recent years, transforming the way financial institutions engage with customers and prospects. From...
Peso inches down before key US data
THE PESO inched down against the dollar on Thursday ahead of the release of key US economic data.
The local unit closed at P55.40 per...
GoTyme expects profitability within three years
GOTYME BANK expects to be profitable within the next three years as it plans to introduce more products and as its customer base continues...
Yields on BSP’s term deposits inch lower
YIELDS on term deposits auctioned off by the Bangko Sentral ng Pilipinas (BSP) edged lower on Wednesday, even as the offer went undersubscribed, central...
Security Bank partners with Helios to offer solar panels with loans, equity
SECURITY BANK Corp. has partnered with Helios to integrate solar panel purchases into new or existing housing loans and increase access to solar energy.
“By...