Peso may drop on US jobs data
THE PESO may stay at the P58 level against the dollar this week as stronger-than-expected US jobs data stoked inflation concerns in the world’s...
Philippine fintech GCash hires banks for up to $1.5 bln IPO, sources say
SINGAPORE - GCash, a Philippine fintech firm, has hired banks, including Citi, Jefferies and UBS, to work on an up to $1.5 billion domestic...
Chinabank to raise P100 billion via bonds, commercial papers
CHINA BANKING Corp. (Chinabank) is looking to return to the debt market to raise P100 billion in fresh funds via bonds or commercial papers...
Waste and repurposed plastics
By Flor G. Tarriela
Happy New Year!
Do you know that the Philippines produces about 61,000 metric tons of solid waste daily? This is projected to increase further in...
Peso weakens further vs dollar as strong US data may keep Fed hawkish
THE PESO dropped further to hit a near three-week low against the dollar on Thursday as strong US labor data fanned bets that the...
Fed officials worry Trump policies may lengthen inflation fight
WASHINGTON - The reality of President-elect Donald Trump's election victory on a platform of aggressive tariffs and deportation of some immigrants landed hard at...
Term deposit yields drop on BSP rate cut hopes
YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) term deposits declined on Wednesday as Philippine inflation settled within target in December and in full-year...
Robust economy to spur PHL insurance industry’s growth
THE INSURANCE industry is expected to perform better this year driven by the life sector, but the health maintenance organization (HMO) and pre-need industries could continue to face challenges.
BSP’s move to open e-money issuer sector to new entrants seen to benefit Philippine...
THE CENTRAL BANK’S move to allow new nonbank players to enter the electronic money issuer (EMI) sector could benefit Philippine telecommunications firms, Fitch Solutions’...
Peso sinks as US rate bets boost dollar
THE PESO fell to an over two-week low against the dollar on Wednesday after strong US data renewed inflation concerns and rate cut concerns...
BTr fully awards bond offer as rates drop before key US data
THE GOVERNMENT made a full award of the reissued Treasury bonds (T-bonds) it offered on Tuesday at a lower average rate amid strong demand...
PHL digital lending market seen growing to $1 billion this year
THE PHILIPPINES’ digital lending market could surpass $1 billion by the second half of the year, with growth to be driven by high demand...