Binance gets its first Gulf crypto regulatory nod
BINANCE Holdings Ltd. received in-principle approval from Bahrain’s central bank to be a crypto-asset service provider in the kingdom, according to a statement from the company.
Peso seen to weaken ahead of gov’t move on lockdown levels
THE PESO may weaken versus the dollar this week on anticipation of the government decision to relax lockdown levels in January.
Digital tools help in transition to hybrid work setup
THE hybrid work setup can be maximized by business leaders through using the right tools for their employees and for their businesses, Zoho Corp. said.
China to restrict foreign IPOs, may ban on national security
CHINA plans to tighten scrutiny of domestic firms’ overseas share sales and ban those whose listing could pose a national security threat.
Yields rise after release of Jan. borrowing plan
YIELDS on government securities (GS) rose last week following the release of the government’s January borrowing program.
Peso inches higher vs dollar on remittance inflows
THE PESO inched up against the dollar on Friday on the back of strong remittance inflows amid the holidays.
The local currency closed at P50.04...
LANDBANK donates P20.9M to LGUs affected by typhoon
LAND BANK of the Philippines (LANDBANK) on Friday said it plans to donate P20.9 million to support the recovery of almost 200 local government...
BSP to banks: Practice fair treatment
THE central bank told its supervised financial institutions to ensure compliance with standards on consumer protection in their terms and conditions for clients.
Interest rate capped for lending, financing firms’ low-value loans
THE Bangko Sentral ng Pilipinas (BSP) has approved a limit on interest rates imposed for short-term credit granted by financing firms to protect low-income borrowers from predatory lending practices that impose elevated interest rates.
BPI-BFSB merger effective by Jan. 1
BANK of the Philippine Islands (BPI) announced on Thursday that its merger with its sister unit BPI Family Savings Bank will be effective by Jan. 1, with BPI as the surviving entity.
Calamity drive for ‘Odette’ survivors
By J. Albert Gamboa
“LAST week, our country was once again hit by a very strong typhoon that devastated northern Mindanao, Visayas, and Palawan. The aftermath of this calamity was so tremendous causing the loss of homes, livelihood, and lives.”
Market appetite boosts peso
THE PESO strengthened against the dollar on Thursday on stronger market appetite after studies hint that the Omicron variant leads to fewer hospitalizations.