BSP says lack of internet connectivity is a hurdle to PalengQR PH rollout
THE BANGKO SENTRAL ng Pilipinas (BSP) is looking to work with the Department of Information and Communications Technology (DICT) to address the lack of...
The allure of open payment systems
By Benel D. Lagua
One of the many lessons of travel is exposure to how other economies embrace the need for interoperability of their payment systems. The Philippines...
Peso inches up against the dollar before RRR cut, 56-day bill offer
THE PESO inched up against the dollar on Thursday ahead of the cut in banks’ reserve requirement ratios (RRR) and before the Bangko Sentral...
Transactions made via PESONet, InstaPay climb further as of May
ONLINE TRANSACTIONS made through PESONet and InstaPay rose as of end-May amid the increased convenience of cashless payments, Bangko Sentral ng Pilipinas (BSP) data...
ECB officials eye faster reduction of bond stash
SOME HAWKISH European Central Bank (ECB) officials are pondering options to speed up the reduction of the institution’s €5-trillion ($5.5-trillion) stash of bonds, according...
NPLs may go up due to elevated inflation, rise in business loans
ELEVATED INFLATION and more businesses taking out loans amid the economy’s reopening may cause financial institutions’ nonperforming loan (NLP) ratio to rise, analysts said.
“The...
Gov’t makes full award of bonds
THE GOVERNMENT made a full award of the reissued 10-year Treasury bonds (T-bonds) it auctioned off on Tuesday at a higher average rate due...
First Standard on track to meet growth target
BACOLOD CITY — Financing company First Standard Finance Corp. is on track to meet its growth target of 20-30% this year, its top official...
Peso climbs as tensions in Russia ease
THE PESO rose to a near two-month high against the dollar on Tuesday as tensions in Russia eased.
The local currency closed at P55.32 versus...
Australia regulator tells Medibank to set aside $167 mln after data breach
SYDNEY - Australia's banking regulator told insurer Medibank on Tuesday it would have to set aside A$250 million ($167 million) in extra capital, citing weaknesses identified in its information security after a major hacking breach.
Shares...
Gov’t partially awards T-bill offer
THE GOVERNMENT made a partial award of the Treasury bills (T-bills) it offered on Monday as yields rose across all tenors due to hawkish...
BAP launches dollar-peso cross-currency swap mart
THE BANKERS Association of the Philippines (BAP) on Monday launched the dollar-peso cross-currency swap (USDPHP CCS) market to help member banks manage foreign exchange...