Learning finance
By Benel D. Lagua
WHEN the Bangko Sentral ng Pilipinas (BSP) released its Financial Inclusion Summary for 2021, we learned important things about the state of financial literacy in the Philippines.
Peso slips on hawkish comments from Fed officials
THE PESO slipped against the dollar on Thursday amid hawkish signals from US Federal Reserve officials.
The local currency closed at P55.01 versus the greenback...
Term deposit yields climb on hawkish BSP hints
YIELDS on the term deposits auctioned off by the Bangko Sentral ng Pilipinas (BSP) climbed on Wednesday amid hawkish policy signals and ahead of...
AIA Philippines completes acquisition of MediCard
AIA PHILIPPINES has completed its acquisition of MediCard Philippines, Inc. after getting all the required regulatory approvals.
The insurer on Wednesday announced that it closed...
PHL banks’ outlook ‘stable,’ Moody’s says
THE Philippine banking industry will remain “stable” for the next 12 to 18 months as the country’s economic recovery will support the sector, Moody’s...
Security Bank profit up 53%
SECURITY BANK Corp.’s net income rose by 53% to P10.6 billion in 2022, driven by growth in its core businesses.
In the fourth quarter alone,...
PSBank’s net income rises by 139%
PHILIPPINE Savings Bank (PSBank) saw its net profit climb by 139% in 2022 on improved loan demand and asset quality, it said in a...
Citi appoints Favila as new Philippine CEO
CITIGROUP, INC. on Wednesday appointed Paul A. Favila as the new country officer and chief executive officer (CEO) for the Philippines.
Mr. Favila, a 29-year...
Peso climbs vs dollar on hawkish BSP bets
THE PESO strengthened against the dollar on Wednesday on expectations of a hawkish stance from the central bank as inflation may have exceeded 9%...
Gov’t makes full award of Treasury bond offering
THE GOVERNMENT fully awarded the reissued seven-year Treasury bonds (T-bonds) it auctioned off on Tuesday as its average rate declined from the previous offering...
China Bank books 27% increase in net income
CHINA BANKING Corp. (China Bank) booked a 27% increase in its net earnings in 2022 as its operating income improved and as it managed...
Maya Bank eyes more loan, investment products
DIGITAL LENDER Maya Bank, Inc. is looking to launch more loan and investment products this year as part of its efforts to help boost...