NTT DATA launches merchant payment solutions suite ADAPTIS in the Philippines
NTT DATA Payment Services, a subsidiary of NTT DATA that is part of Japan’s NTT Group, has launched its merchant payments solutions suite ADAPTIS...
Peso weakens as players eye Fed gathering
THE PESO weakened against the dollar on Tuesday as market players awaited the US Federal Reserve’s Jackson Hole symposium, where officials are expected to...
Wise integrates with PESONet
GLOBAL cross-border payments platform Wise is now fully integrated with the country’s online payment systems as it now has access to the PESONet gateway.
This...
What US stagflation risks mean for world markets
LONDON — The specter of US stagflation is stalking global markets, causing some investors to position portfolios to dodge the potential damage that tariffs...
Nonlife insurers FPG, Mercantile set to merge
NONLIFE INSURERS FPG Insurance Co., Inc. and The Mercantile Insurance Co., Inc. have agreed to merge, they said in a joint statement dated Aug....
Robust demand causes T-bill yields to go down
THE GOVERNMENT made a full award of the Treasury bills (T-bills) it offered on Monday as rates dropped across all tenors on robust demand...
Insurance sector posts higher premiums
THE INSURANCE INDUSTRY recorded higher premiums as of June, pushing up the country’s insurance penetration rate.
Total premiums paid for life and nonlife insurance products...
PSBank raises P5 billion via two-year bonds
PHILIPPINE Savings Bank (PSBank) raised P5 billion in fresh funds via the two-year peso bonds it offered earlier this month.
The thrift unit of Metropolitan...
Secure online payments systems to help PHL in financial inclusion push
IMPROVING cybersecurity for online payments systems with the help of artificial intelligence (AI) solutions can push financial inclusion in the Philippines, payments technology company...
Peso climbs as markets await Fed policy clues
THE PESO strengthened on Monday to return to the P56 level against the greenback as investors’ focus turned to the US Federal Reserve’s symposium...
Security Bank works with Stronghold Insurance to provide nonlife coverage
SECURITY BANK Corp. has partnered with Stronghold Insurance Co., Inc. to provide nonlife insurance to its clients.
The listed bank signed a memorandum of agreement...
Powell has used Jackson Hole to battle inflation and buoy jobs; he’s now caught...
WASHINGTON — Fed Chair Jerome Powell used the central bank’s annual Wyoming research conference to promise inflation-fighting rigor when it was needed in 2022,...