Metrobank Foundation, GT Foundation turn over P45 million in social dev’t grants
METROBANK FOUNDATION, Inc. (MBFI) and GT Foundation, Inc. (GTFI) have turned over P45 million in social development grants to 30 partner organizations to support...
Margin pressure to weigh on PHL banks’ earnings growth
THE SLOWER income growth posted by most listed Philippine banks in the second quarter is likely to continue for the remainder of the year...
BPI eyes agentic AI for lending
BANK of the Philippine Islands (BPI) is eyeing to use agentic artificial intelligence (AI) to facilitate parts of its lending process, its top official...
InstaPay, PESONet transactions rise
THE VALUE of transactions made via InstaPay and PESONet grew by 40.32% year on year at end-July, data from the Bangko Sentral ng Pilipinas...
Peso returns to P56:$1 level as US data bolster Fed easing view
THE PESO jumped back to the P56 level versus the dollar on Thursday as weaker-than-expected US jobs data fueled expectations of a rate cut...
Interest never sleeps
By EJ Qua Hiansen
The 2026 National Expenditure Program prepared by the Department of Budget and Management (DBM) and submitted to Congress is set at a record P6.793...
BSP may deliver one last cut in December
THE BANGKO SENTRAL ng Pilipinas (BSP) could pause its easing cycle at its next meeting and deliver its final rate cut in December.
“We had...
BAP renews partnership with Citi Philippines, PCHC to strengthen PDDTS and PvP System
THE BANKERS Association of the Philippines (BAP) has renewed its partnership with Citi Philippines and the Philippine Clearing House Corp. (PCHC) for the enhancement...
Remolona named as one of world’s top central bankers for second straight year
BANGKO SENTRAL ng Pilipinas (BSP) Governor Eli M. Remolona, Jr. has again been recognized as one of the best central bank chiefs worldwide.
Mr. Remolona...
BAP to set up centralized fraud verification system
THE BANKERS’ Association of the Philippines (BAP) will set up a centralized system for the reporting and verification of accounts suspected to be involved...
Yields on term deposits continue to decline after BSP’s latest rate cut
YIELDS on term deposits eased further on Wednesday after the Bangko Sentral ng Pilipinas (BSP) delivered its third straight rate cut last week.
The BSP’s...
Peso rebounds before key data
THE PESO recovered against the dollar on Wednesday as players await the release of key economic data in the United States and at home.
The...