Finance app for women partners with First Shoshin for its marketplace and e-wallet features
Bixie, a financial empowerment app for women, partnered with FirstShoshin Holdings Corp. (FSHC) for the development of its upcoming features -- slated for launch in the third quarter of 2022.
Gov’t partially awards reissued bonds on US CPI, Fed hike fears
THE GOVERNMENT partially awarded the reissued Treasury bonds (T-bonds) it offered on Tuesday as investors asked for higher rates due to expectations of tightening by the US Federal Reserve and faster US inflation.
Two digital banks approve 120,000 deposit accounts in less than a year
TWO DIGITAL BANKS onboarded more than 100,000 deposit accounts in less than a year of operations, the central bank said.
PSBank’s credit rating kept at highest level
PHILIPPINE SAVINGS BANK (PSBank) got the highest grade from Philippine Rating Services Corp. (PhilRatings) as the lender maintained its solid capitalization and prudent loan provisioning.
Peso down ahead of US inflation data
THE PESO weakened versus the greenback on Tuesday due to expectations of faster US inflation and losses in the local stock market.
Moody’s keeps stable outlook for Philippine banking system
MOODY’S Investors Service kept its stable outlook for the Philippine banking system as their operating environment is expected to benefit from the reopening of the economy, but soured loans that remain above pre-pandemic levels will continue to pose risks.
Gov’t makes full award of T-bills on strong demand amid tightening bets
THE GOVERNMENT made a full award of the Treasury bills (T-bills) it offered on Monday as rates declined on strong demand for short-term securities amid expectations of monetary policy tightening and as oil prices eased.
PNB aims to list property unit this year
BILLIONAIRE Lucio C. Tan’s Philippine National Bank (PNB) brought forward its plan to list its property unit, now aiming to float the asset by the end of this year to boost capital.
Peso sinks to P52:$1 level on hawkish Fed, ongoing war
THE PESO sharply retreated to return to the P52 level versus the greenback on Monday amid hawkish signals from the US Federal Reserve and expectations of a prolonged war between Russia and Ukraine.
Rates of Treasury bills, bonds may move sideways this week
RATES of government securities on offer this week are expected to move sideways following a decline in secondary market yields due to lower oil prices.
PayMaya rolls out cryptocurrency feature in app
PAYMAYA Philippines, Inc. has rolled out a cryptocurrency feature in its mobile app, it said in a statement last week.
Yields on gov’t debt mixed on inflation, Fed minutes
YIELDS on government securities (GS) were mixed last week after the release of March inflation data and minutes of the US Federal Reserve’s latest meeting.