Peso rises amid trade concerns
THE PESO edged higher against the dollar on Tuesday amid mixed signals on renewed trade tensions between the United States and China and as...
Treasury bill yields go down as BSP signals more easing ahead
THE GOVERNMENT made a full award of the Treasury bills (T-bills) it offered on Monday at lower rates across all tenors as the Bangko...
BSP books lower net profit at end-July as revenues decline
THE BANGKO SENTRAL ng Pilipinas’ (BSP) net income dropped by 16.8% at end-July amid lower revenues, preliminary data showed.
The central bank’s net profit fell...
Peso edges down on fresh tariff worries
THE PESO edged down against the dollar on Monday amid increased market volatility due to fresh tariff threats from the United States against China.
The...
RCBC enhances remittance arm’s digital capabilities as online transactions grow
RIZAL COMMERCIAL Banking Corp. (RCBC) is upgrading its remittance arm’s digital offerings to help drive its revenues as it has seen strong growth in...
AUB to launch MySSS Card via HelloMoney e-wallet
ASIA United Bank Corp. (AUB) has partnered with the Social Security System (SSS) to roll out the MySSS Card through its e-wallet HelloMoney.
Under their...
Asialink renews partnership with Carmudi as it expands its auto loan portfolio
ASIALINK Finance Corp. (AFC) has renewed its partnership with automotive marketplace Carmudi Philippines to help drive growth in its auto loan portfolio.
“Our continued partnership...
T-bill rates may end mixed on dovish BSP hints
RATES of the Treasury bills (T-bills) to be offered this week could end mixed following dovish signals from the Bangko Sentral ng Pilipinas (BSP)...
Yields go down on surprise cut
YIELDS on government securities (GS) ended mostly lower last week after the Bangko Sentral ng Pilipinas (BSP) surprised the market by delivering a fourth...
Peso may trade sideways as markets eye US
THE PESO may move sideways against the dollar this week as players await developments regarding the US government’s ongoing shutdown.
On Friday, the local unit...
BSP bills’ rates drop on robust demand
YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) short-term securities fell on Friday as both tenors were oversubscribed.
The BSP bills fetched bids amounting to...
Better credit risk controls to boost digital banks
DIGITAL BANKS in the Philippines need to refine their credit risk controls to improve their asset quality and profitability as the industry continues to...