Peso extends rally as BSP turns cautious
THE PESO continued to rally versus the dollar on Wednesday amid bets that the Philippine central bank would cut rates gradually to keep a...
Gov’t fully awards T-bonds amid robust demand
THE GOVERNMENT made a full award of the reissued seven-year Treasury bonds (T-bonds) it offered on Tuesday amid strong demand and even as rates...
BSP launches cyber resilience framework
THE BANGKO SENTRAL ng Pilipinas (BSP) has launched a framework to enhance cyber resilience in the financial services sector.
The 2024-2029 Financial Services Cyber Resilience...
Security Bank closes offer of 5-year bonds
SECURITY BANK Corp. on Monday closed the offer period for its five-year peso-denominated bonds, more than a week earlier than the original plan, amid...
PBB posts higher profit in the first six months
PHILIPPINE BUSINESS BANK, Inc.’s (PBB) net earnings climbed by 18.7% in the first semester, it said on Tuesday.
PBB’s net income grew to P1.032 billion...
Peso climbs to new two-month high on hawkish BSP bets
THE PESO strengthened to a fresh two-month high against the dollar on Tuesday as faster-than-expected July inflation tempered expectations of a rate cut by...
Gov’t fully awards T-bills at mostly higher rates
THE GOVERNMENT made a full award of the Treasury bills (T-bills) it offered on Monday even as rates mostly rose as the market’s preference...
PSBank net profit up 18% in 1st half
PHILIPPINE SAVINGS Bank’s (PSBank) net income climbed by 18% in the first half amid strong demand for consumer loans and improving asset quality, it...
Peso stablecoin may exit regulatory sandbox within one or two months
THE PESO-BASED stablecoin launched by cryptocurrency platform Coins.ph could exit the regulatory sandbox stage earlier than expected in the next month or two amid...
BSP launches online academy for financial literacy
THE BANGKO SENTRAL ng Pilipinas (BSP) has launched the BSP e-Learning Academy (BELA), which aims to help Filipinos improve their financial literacy.
“BELA offers a...
China asks state financial firms to drop auditor PwC — sources
HONG KONG — Chinese regulators have in recent months asked several large state-owned clients of PricewaterhouseCoopers (PwC) to drop the auditor as it braces...
Peso rebounds to P57 level on US recession fears
THE PESO returned to the P57-per-dollar level on Monday, ending at an over two-month high, as weak US data fanned worries about the world’s...