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.
More counterfeit banknotes documented in 2021
THE CENTRAL BANK documented more fake money last year as the economy reopened, which allowed for an increase in cash transactions.
Peso may rise vs dollar on remittance inflows ahead of Holy Week break
THE PESO may appreciate versus the greenback this week due to expected remittance inflows for the Holy Week holidays and amid the recent decline in oil prices.
BSP looking to ease Islamic banks’ capital requirements
THE BANGKO SENTRAL ng Pilipinas (BSP) is looking into reducing the minimum capital requirement needed to set up Islamic banking units to attract more players.
Rediscount facility untouched in March
BANKS left the rediscount facility of the central bank untouched in March as there was ample liquidity in the financial system to service their lending requirements as the economy reopened further.
Pandemic boosts insurance, investment awareness among Filipinos
FILIPINOS are becoming more aware of and committed to increasing their insurance coverage and investments as the pandemic brought to light the importance of preparing for the unexpected, industry experts said.
Social differences and the middle class
By Benel D. Lagua
WHEN Pulse Asia released the socio-economic profile of its respondents in its recent survey, it is notable that the class AB was not covered. Class C composed 8% of respondents, Class D1 was the biggest chunk at 61%, Class D2 at 18% and Class E at 13%.
Polymer bills to be circulated starting April 18
THE trial circulation of P1,000 polymer bills will start this month, with the central bank assuring the notes have security features to prevent counterfeiting.
Peso sideways after Fed minutes
THE PESO closed sideways versus the greenback due to the hawkish tone of minutes of the US Federal Reserve’s latest meeting.
TDF yields slip on oil’s drop, global bond issue
YIELDS on the central bank’s term deposits inched down on Wednesday as fuel prices declined and as investors continued to price in the government’s bond issuance last month.
UNO Digital Bank to issue debit cards powered by Mastercard this quarter
UNO Digital Bank will issue virtual and physical debit cards powered by Mastercard, Inc. within this quarter.