Peso drops on tensions
THE PESO weakened on Wednesday amid worsening political tensions in Hong Kong and negative developments in the US-China trade negotiations.
Online, interbank fund transfers mandatory by end-Nov.
ALL BANKS and other financial firms should be offering online fund transfer services by end-November, as the Bangko Sentral ng Pilipinas (BSP) flexes its muscle for more players to broaden their digital presence.
Coins.ph gets central bank license
COINS.PH said it has captured over 2 million customers using its mobile wallet service, with its client base expected to grow further after securing...
BPI begins LTNCD offer
BANK OF THE Philippine Islands (BPI) launched a P3-billion offering of long-term negotiable certificates of time deposit (LTNCTD) on Monday to diversify its funding sources and support its expansion plans.
Peso likely to go up vs dollar
THE PESO may continue to appreciate against the greenback this week ahead of the release of latest data on remittances and budget deficit.
BSP sets rules for debt moratorium
THE MANDATORY debt moratorium will be applicable to multiple existing, current, and outstanding loans by individuals and entities to give relief to borrowers amid the coronavirus crisis.
Peso declines versus dollar ahead of BSP rate decision
THE PESO weakened anew against the greenback on Thursday as players anticipated a rate cut from the central bank and amid risk-off sentiment due to the sell-off in the stock market.
Peso climbs as oil prices continue to drop
THE peso climbed against the greenback on Monday on the back of a continued drop in global oil prices due to falling demand caused by the coronavirus disease 2019 (COVID-19) as well as a decrease in Treasury purchases by the US Federal Reserve.
Peso weakens versus the dollar on higher foreign external debt
THE PESO weakened slightly versus the dollar on Thursday on data showing increased borrowings from the foreign market and as coronavirus cases in the United States increased.
Peso weakens as virus continues to spread
THE PESO weakened versus the dollar on Friday due to market jitters as more coronavirus disease (COVID-19) infections were reported outside China and following the balance of payments (BoP) deficit logged in January.
Peso weakens vs dollar
THE PESO retreated against the greenback on Monday due to risk-off sentiment after the latest developments in the US-China tensions as well as weak US retail data and the continued increase in global oil prices.
BDO refunds victims of unauthorized withdrawals
By Melissa Luz T. Lopez,
Senior Reporter
BDO UNIBANK, Inc. has settled the account balances of depositors who have been affected by unauthorized withdrawals and purchases,...