Trump attacks on Fed threaten central banks’ independence
US PRESIDENT Donald J. Trump’s continued attacks on US Federal Reserve Chair Jerome H. Powell pose a threat to global central banks’ independence, the...
Peso weakens on Fed concerns
THE PESO dropped against the dollar on Tuesday as US President Donald J. Trump’s move to fire a Federal Reserve official sparked renewed concerns...
Cybersecurity, innovation to future-proof PHL financial system
IMPROVING cyber resilience and fostering innovation to boost inclusion can help future-proof the Philippine financial system, the Bangko Sentral ng Pilipinas (BSP) chief said...
Mastercard to have new head for Asia-Pacific starting January
MASTERCARD has appointed Richard Wormald as its president for Asia-Pacific effective Jan. 1, 2026.
Mr. Wormald, who is currently Mastercard’s division president for Australasia, will...
T-bill, bond yields may decline with BSP expected to cut rates
YIELDS on the Treasury bills (T-bills) and Treasury bonds (T-bonds) to be offered this week could mostly go down ahead of an expected rate...
RCBC expects double-digit growth in credit card receivables
THE CREDIT CARD arm of Rizal Commercial Banking Corp. (RCBC) expects sustained double-digit growth in loans over the next two years, driven by strong...
Peso may extend rise with BSP likely to cut
THE PESO could strengthen further against the dollar before the Bangko Sentral ng Pilipinas’ (BSP) policy meeting on Thursday, where it is expected to...
BSP securities fetch lower rates even as both tenors go undersubscribed
YIELDS on the central bank’s short-term securities dropped on Friday even as both tenors went undersubscribed despite the lower volume offered.
The Bangko Sentral ng...
Empire Insurance officially ceases operations after liquidation
EMPIRE INSURANCE Co. has officially ceased doing business as the Insurance Commission (IC) has completed liquidation proceedings for the nonlife company.
The IC on Aug....
Yields on gov’t debt drop
YIELDS on government securities (GS) mostly went down last week, with the Bangko Sentral ng Pilipinas (BSP) expected to cut rates again on Thursday...
EastWest Bank optimistic on income prospects
EAST WEST Banking Corp. (EastWest Bank) is optimistic that it can post another record net income this year, backed by “healthy” asset and margin...
BMI expects further BSP rate cuts
EASING INFLATION will allow the Bangko Sentral ng Pilipinas (BSP) to slash benchmark borrowing costs further this year to support a slowing economy, Fitch...