Apple hit with EU antitrust charge over mobile payments technology
BRUSSELS — Apple faces a possible hefty fine and may have to open its mobile payment system to competitors after European Union (EU) antitrust regulators charged the iPhone maker with restricting rivals’ access to its technology used for mobile wallets.
Bank deposits hit P16.2 trillion in 2021
TOTAL DEPOSITS with Philippine banks reached P16.2 trillion last year, reflecting the gradual recovery of the economy from the impact of the coronavirus pandemic.
Korea’s fastest inflation since 2008 raises rate pressure
SOUTH KOREA’S inflation accelerated to the fastest pace since 2008 in April, prompting the central bank to issue a statement as pressure intensifies for it to raise interest rates further at this month’s policy meeting.
Gov’t partially awards T-bills at higher yields
THE GOVERNMENT partially awarded the T-bills it auctioned off on Monday at higher rates on expectations of a higher April inflation, which could give the central bank an impetus to hike borrowing costs earlier than planned.
Digital banks expected to boost PHL credit information system
CREDIT Information Corp. (CIC) urged digital lenders to join the public credit registry to boost the database and help give unbanked Filipinos access to lending.
Peso sinks on bets of aggressive Fed hike
THE PESO weakened on Monday as the market positioned ahead of an expected interest rate hike by the US Federal Reserve at its meeting this week.
Rates of T-bills, bonds may move sideways ahead of inflation data
RATES of government securities on offer this week are expected to move sideways with a slight upward bias as the market awaits April inflation data and the result of the US Federal Reserve’s policy meeting on May 3-4.
Maya Bank starts operations, offers products through rebranded app
MAYA BANK hopes at least a million of PayMaya Philippines’ 47-million strong customer base will tap its services following the e-wallet’s rebranding for the digital lender’s launch.
LANDBANK’s net income surges 141% in the 1st quarter
LAND BANK of the Philippines’ (LANDBANK) net income soared by 141% in the first quarter, it said on Sunday.
Yields on gov’t debt mixed as BSP chief turns hawkish
YIELDS on government securities (GS) were mixed last week after the Bangko Sentral ng Pilipinas (BSP) signaled it could start unwinding its pandemic-driven easy policy as early as June.
Peso may drop on bets of 50-bp Fed hike
THE PESO may depreciate versus the greenback this week as the market braces for a more aggressive tightening from the US Federal Reserve and amid expectations of faster inflation.
UNO Digital Bank targeting to capture unbanked in big cities
UNO Digital Bank wants to capture the underserved and unbanked in the country’s biggest cities as it gears up for its targeted second-quarter launch.