Achieving digital determination
By J. Albert Gamboa
When the International Data Corp. (IDC) unveiled its top predictions for the Philippine information and communications technology (ICT) industry in 2019 and beyond, it predicted that at least 30% of organizations across the country would achieve digital determination by 2020.
Peso drops vs dollar as oil prices climb
THE PESO weakened on Monday due to investor preference for the safe-haven dollar on inflation concerns as oil prices climbed further.
CloudCFO banks on SME digitalization
PHILIPPINE-BASED CloudCFO expect’s its client base of small and medium enterprises (SME) to grow amid the rising demand for digitalization.
“The demand is there,” CloudCFO...
Cap on digital bank licenses to benefit traditional lenders
THE CENTRAL BANK’S decision to cap new digital banking licenses at seven will prevent “destructive competition” and benefit traditional lenders in the country, Fitch Ratings said.
Outstanding foreign-currency loans rise 2.7% in Q1
FOREIGN currency loans granted by Philippine banks rose in the first quarter of 2019 as borrowers sought working capital and funds for plant and equipment, the Bangko Sentral ng Pilipinas (BSP) said.
Peso to trade sideways
THE PESO could trade sideways this week after the less dovish remarks from the US Federal Reserve chair’s speech last Friday.
Landbank chief to draw from rich global experience to lift bank
LAND BANK of the Philippines (LANDBANK) President Lynette V. Ortiz on Wednesday vowed to bring in a fresh perspective into the state-owned lender, drawn...
Chief executive officer and board shake-ups
By Reynaldo C. Lugtu, Jr.
It’s just another tumultuous week in the tech sector.
Only a few days after being unceremoniously removed from his job as CEO of OpenAI, Sam...
Korean bonds to stay strong amid rate bets
ANY RATE HIKE by the Bank of Korea (BoK) will probably be one and done for the year, and shouldn’t impact investor demand for government bonds, according to the country’s second-largest asset manager.
Diversification revisited
By Benel D. Lagua
A recent article in The Economist by Buttonwood asks the question: “Should you put all of your savings into stocks?” The piece is motivated...
Yields on government debt rise following Powell’s testimony
YIELDS ON GOVERNMENT securities (GS) climbed across the board last week as the market remained cautious after the hawkish remarks from the US Federal Reserve chief.
BIR issues rules on tax treatment of Islamic banks
THE BUREAU of Internal Revenue (BIR) has issued the guidelines to implement the neutral tax treatment of equivalent transactions between Islamic banks and conventional banks.