Singlife Philippines targets double-digit growth in policies
SINGLIFE PHILIPPINES, Inc. is targeting high double-digit growth in issued policies next year as it banks on more partnerships to help boost insurance penetration...
BSP extends moratorium on grant of EMI licenses
THE BANGKO SENTRAL ng Pilipinas (BSP) has extended its moratorium on the issuance of electronic money issuer (EMI) licenses to nonbank financial institutions (NBFIs)...
Rural lender launches digital banking platform OwnBank
OWN BANK, The Rural Bank of Cavite City, Inc., has launched an online banking platform called OwnBank, offering an 8% savings interest rate per...
Peso sinks to P56:$1 level before Fed
THE PESO closed at the P56-per-dollar level for the first time in almost a month on Wednesday as investors were cautious ahead of the...
JICA to provide technical support to GSIS for public asset insurance
THE JAPAN International Cooperation Agency (JICA) will provide technical support to strengthen the Government Service Insurance System’s (GSIS) ability to protect public assets against...
Bitcoin defies its doubters in 2023
IF 2022 was the year that “broke bitcoin,” 2023 has been the year of trauma recovery.
Bitcoin has bounced pluckily in the face of depressed...
Canadian insurer Sun Life names new president for Asia business
CANADA’S Sun Life Financial on Monday named its Chief Financial Officer (CFO) Manjit Singh as the president of its Asia business.
Mr. Singh, who joined...
Peso rebounds before key US data
THE PESO strengthened anew against the dollar on Tuesday ahead of the release of the November US consumer inflation data overnight.
The local unit closed...
Digital banks struggle with lending — BSP chief
DIGITAL BANKS find it difficult to disburse loans and collect payments from borrowers, the Bangko Sentral ng Pilipinas (BSP) chief said, with the regulator...
Loans used as reserves hit P8 billion
SMALL BANKS lent out P8.01 billion to micro, small, and medium enterprises (MSMEs) and eligible large enterprises (LEs) as part of their alternative compliance...
Scam activity involving credit card transactions to increase amid holidays
SCAMMERS are expected to target both card and non-card transactions during the holiday season, with fraud activity seen growing until January, a study by...
Peso hits near one-month low amid easing bets of early Fed cut
THE PESO slumped to a near one-month low against the dollar on Monday as strong US jobs data tempered expectations of an early rate...