Peso rises to near 3-week high as US data bolster Fed cut bets
THE PESO climbed to a near three-week high against the dollar on Thursday amid weak US data that bolstered bets of further US Federal...
Term deposit yields go down on BSP cut bets
TERM DEPOSIT YIELDS dropped further on Wednesday as the offer fetched strong demand and amid bets that the Bangko Sentral ng Pilipinas (BSP) will...
PhilRatings maintains PSBank’s PRS Aaa rating with stable outlook
PHILIPPINE RATING Services Corp. (PhilRatings) has kept Philippine Savings Bank’s (PSBank) issuer credit rating at PRS Aaa (corp.) with a stable outlook.
A PRS Aaa...
Challenge to dollar supremacy a long way off, central bankers say
SINTRA — There is no prospect of a major challenge to the dollar’s status as the world’s reserve currency of choice any time soon,...
Asialink offers new loan product for women-led small businesses
ASIALINK FINANCE Corp. has launched a loan product to provide financing to women-led micro, small and medium enterprises (MSMEs).
The Women’s Access to Inclusive Support...
Open payments platform SynerFi onboards eight rural banks
OPEN PAYMENTS platform SynerFi has onboarded eight rural banks, allowing them to process transactions via InstaPay to expand the use of digital payments in...
Peso halts winning streak on Fed, tariff concerns
THE PESO snapped its six-day winning run against the dollar on Wednesday on better-than-expected US economic data, which led players to reconsider their bets...
Treasury fully awards reissued seven-year bonds
THE GOVERNMENT made a full award of the reissued Treasury bonds (T-bonds) it offered on Tuesday as its average rate was broadly in line...
FCDU loans inch lower at end-March
BANKS’ outstanding foreign currency-denominated loans inched down at end-March, the Bangko Sentral ng Pilipinas (BSP) said late on Monday.
Outstanding loans granted by banks’ foreign...
Cariaso takes helm as RCBC president, CEO
RIZAL COMMERCIAL Banking Corp. (RCBC) has appointed Reginaldo Anthony B. Cariaso as its president and chief executive officer (CEO) effective July 1, it said...
Bangko Sentral likely to deliver one more cut this year — BofA
THE BANGKO SENTRAL ng Pilipinas’ (BSP) current monetary easing cycle is expected to be “deeper” compared to some of its Southeast Asian peers amid...
Visa to launch AI-enabled payment solutions in the Philippines
PAYMENTS TECHNOLOGY company Visa is looking to launch within the year new artificial intelligence (AI)-enabled capabilities and features to help improve digital payments in...