Peso rises further on US CPI data
THE PESO strengthened against the dollar on Thursday as US consumer inflation eased last month, renewing bets of an early rate cut by the...
Term deposit yields inch higher before central bank’s meeting
YIELDS on the term deposits of the Bangko Sentral ng Pilipinas (BSP) inched higher on Wednesday ahead of the Monetary Board’s policy review this...
Moody’s affirms ratings, outlooks for BPI and Metrobank
MOODY’S RATINGS has affirmed its ratings and outlooks for Bank of the Philippine Islands (BPI) and Metropolitan Bank & Trust Co. (Metrobank) on expectations...
Security Bank sees net earnings rise by 11.4% in the first quarter
SECURITY Bank Corp. (Security Bank) saw its net income increase by 11.4% in the first quarter on growth across its retail, wholesale and micro,...
DoF proposes higher capital for state banks
THE PROPOSED amendments to the charters of Land Bank of the Philippines (LANDBANK) and the Development Bank of the Philippines (DBP) seek to increase...
Wise enters Philippine market
GLOBAL CROSS-BORDER payments platform Wise has entered the Philippine market with the launch of its products Wise Account and Wise Prepaid Card.
Wise PH...
BankCom net income up 8%
BANK of Commerce (BankCom) posted a higher net profit in the first quarter, driven by continued growth in its revenues, it reported on Wednesday.
The...
Senate OK’s anti-financial account scamming bill on second reading
THE SENATE on Wednesday approved on second reading a bill seeking to impose tougher penalties on those using financial accounts to commit crimes.
Under Senate...
Peso strengthens ahead of BSP review
THE PESO appreciated against the dollar on Wednesday before the Bangko Sentral ng Pilipinas’ (BSP) policy review on Thursday.
The local unit closed at P57.505...
Gov’t partially awards T-bonds at higher rates
THE GOVERNMENT made a partial award of the Treasury bonds (T-bonds) it offered on Tuesday as rates rose on expectations that inflation in the...
ING Bank sees more sustainability bond issuances
ING BANK N.V. Manila expects more issuances of sustainability bonds from lenders and corporates this year, partly driven by the Bangko Sentral ng Pilipinas’...
GSIS allots P1.7B for El Niño, rabies emergency loans
GOVERNMENT Service Insurance System (GSIS) has allocated P1.7 billion in emergency loans for members and pensioners affected by El Niño and rabies in 13...