Peso rises to near seven-month high on optimism over trade deals
THE PESO hit a fresh near seven-month high against the dollar on Wednesday amid hopes of a de-escalation in trade tensions between the United...
Maya Group remains profitable in 1st quarter
MAYA GROUP remained profitable in the first quarter as its digital banking arm booked strong loan growth, it said on Tuesday.
The financial technology (fintech)...
Japan sees little scope for grand deal on yen in talks with the United...
TOKYO — When Japanese Finance Minister Katsunobu Kato meets his US counterpart Scott Bessent in Washington this week, the yen is shaping up to...
GCash partners with Mastercard for contactless payments via app
ELECTRONIC WALLET GCash has partnered with Mastercard to launch an in-app contactless payment solution.
Tap n’ Pay allows GCash app users to make contactless payments...
CIBI inks data-sharing agreement with SEC
CIBI Information, Inc. has signed a memorandum of agreement (MoA) with the Securities and Exchange Commission (SEC) to give the credit bureau’s clients access...
Peso weakens as yuan fix hits Asia currencies
THE PESO weakened anew on Tuesday, joining the Chinese yuan and other Asian currencies that weakened against the dollar.
The local unit closed at P56.68...
Gov’t fully awards Treasury bills at mixed rates as demand shifts
THE GOVERNMENT made a full award for the Treasury bills (T-bills) it offered on Monday at mostly higher rates as the ongoing offering of...
BPI net profit rises 9% in Q1
BANK of the Philippine Islands (BPI) saw its net income increase by 9% year on year in the first quarter as it booked higher...
LANDBANK posts 67% rise in digital transactions
LAND BANK of the Philippines (LANDBANK) saw an 67% increase in digital transactions via its online channels last year, it said on Monday.
The state-run...
Yields on BSP securities inch up even as offer goes oversubscribed
YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) short-term securities inched higher on Monday, with both tenors being oversubscribed.
The BSP securities auctioned off on...
Former RCBC, DBP president Gil Buenaventura passes away
FORMER Rizal Commercial Banking Corp. (RCBC) and Development Bank of the Philippines President and Chief Executive Officer (CEO) Gil A. Buenaventura has died.
“It is...
PDIC enhances loan program for closed banks’ borrowers
THE PHILIPPINE Deposit Insurance Corp. (PDIC) has enhanced and extended its Closed Bank Loan Incentive Program (CLIP) to help borrowers of shuttered banks settle...