Peso up on hawkish BSP stance
THE PESO appreciated against the dollar on Thursday after the Bangko Sentral ng Pilipinas (BSP) said it would keep borrowing costs elevated next year.
The...
Term deposit yields slip on Fed rate cut bets
YIELDS on the central bank’s term deposit facility dipped on Wednesday after the US Federal Reserve signaled that it would cut rates in 2024.
The...
Bill seeks to allow local government units to deal with private banks
A LAWMAKER has filed a measure seeking to allow local government units (LGUs) to conduct banking activities with private banks.
“This legislative measure seeks to...
ING plans to end oil and gas financing after COP28 summit
ING GROEP NV plans to end all financing of upstream oil and gas activities by 2040 and aims to triple its funding of renewable...
Peso recovers on mixed US housing data
THE PESO bounced back against the dollar on Wednesday due to mixed US housing and construction data, and after the Bank of Japan kept...
Ban stays on transfer fee hikes
THE BANGKO SENTRAL ng Pilipinas (BSP) is maintaining the moratorium on transfer fee increases to encourage Filipinos to use digital payments.
The central bank released...
Bill seeks waiver of fees for small transactions in electronic wallets
A BILL seeking to waive additional fees in electronic wallet (e-wallet) transactions of up to P1,000 has been filed at the House of Representatives....
UnionBank expects improved net interest margin if interest rates dip
UNION BANK of the Philippines, Inc. (UnionBank) expects its net interest margin (NIM) to improve next year as interest rates are expected to decline.
The...
UnaCash expands to 128 branches, seeks more partner merchants
FINANCIAL SOLUTIONS provider UnaCash is looking to expand its partner merchants after recently reaching 128 branches.
“At UnaCash, we are dedicated to ensuring that the...
GCash partners with remittance hub for wider reach
ELECTRONIC wallet platform GCash has partnered with remittance company Pera Hub, allowing GCash users to receive international remittances.
“Like-minded partners like PERA HUB are essential...
Peso declines on tempered bets on interest rate cut
THE PESO depreciated against the dollar on Tuesday as officials from the US Federal Reserve continued to temper market optimism of possible rate cuts...
BSP approves BPI-RBC merger
THE BANGKO SENTRAL ng Pilipinas (BSP) has approved the proposed merger between Bank of the Philippine Islands (BPI) and Robinsons Bank Corp. (RBC), which...