Asialink’s loan disbursements to women entrepreneurs hit P525 million
ASIALINK Finance Corp. has released P525.148 million in loans to over 1,000 entrepreneurs under its lending program for women-led businesses, its top official said...
GSIS continuously reviewing investment policies, Veloso says
THE GOVERNMENT Service Insurance System (GSIS) will continue to review its policies for investments after the agency’s president and officials were investigated for purchasing...
Fed’s Powell strikes middle path on inflation, jobs, as others take sides
WASHINGTON - US Federal Reserve Chair Jerome Powell said on Tuesday the central bank needed to continue balancing the competing risks of high inflation...
Mixed Fed messages lead to partial bond award
THE GOVERNMENT made a partial award of its dual-tranche offer of Treasury bonds (T-bonds) on Tuesday amid weak demand for the longer tenor as...
Increased life, nonlife insurance coverage to boost PHL economic output
INCREASING insurance protection can boost Philippine gross domestic product (GDP) by at least 2.9% by 2050 as it can improve human capital, working conditions,...
BSP’s net income drops by 17.8% in the first half
THE BANGKO SENTRAL ng Pilipinas’ (BSP) net profit dropped by 17.8% in the first half due to lower revenues.
The central bank’s net income declined...
Peso down on safe-haven dollar demand
THE PESO sank on Tuesday as concerns over the health of the French economy drove safe-haven demand for the dollar.
The local unit closed at...
PHL growth may settle at low end of gov’t goal due to trade risks
PHILIPPINE economic growth may settle at the low end of the government’s target this year due to global trade risks, the central bank said.
“Domestic...
Bank of England’s Bailey says AI can help regulators to find the ‘smoking gun’
Bank of England Governor Andrew Bailey said on Monday that he and other regulators who oversee the financial services industry should use artificial intelligence...
T-bill rates drop further on policy easing hopes
THE GOVERNMENT fully awarded the Treasury bills (T-bills) it offered on Monday as rates continued to go down across the board on expectations that...
Security Bank eyes at least P5B from bond offering
SECURITY BANK Corp. is looking to raise at least P5 billion from an offering of fixed-rate peso-denominated bonds, marking its return to the domestic...
Maya Bank to focus on underserved sectors, improving services amid growing competition
MAYA BANK, Inc. will focus on underserved sectors like small and medium enterprises (SME) and improving its product offerings and services to drive its...