Yields end higher as war turns market bearish
YIELDS on government securities (GS) traded in the secondary market rose last week due to inflationary pressures, shifting monetary policy expectations and continued geopolitical...
Investors are running out of time to brace for true oil shock from conflict
SINGAPORE/LONDON — In thrall to an artificial intelligence (AI) boom that has sent stocks to record highs and harboring hopes of a short-lived Iran...
Hot money net outflows surge in March due to Middle East war
MORE short-term foreign investments left the Philippines in March than flowed in, reflecting depreciating risk sentiment following the start of the United States and...
Peso rebounds from record low on profit taking, rate hike hopes
THE PESO rebounded against the dollar on Thursday despite touching a new record low during the session on profit taking and expectations of more...
Visa partners with BPI to enable real-time cross-border transfers
VISA has partnered with Bank of the Philippine Islands (BPI) to launch Visa Direct, its real-time push payment platform.
Under the partnership, BPI customers can...
The quiet exit of middle managers
By Reynaldo C. Lugtu, Jr.
We’ve been watching something quietly unfold across organizations, and it’s not getting enough honest conversation. The middle manager — the layer that once held...
Powell era ends with rates on hold, Fed hawks on the rise
WASHINGTON - Federal Reserve Chair Jerome Powell closed out eight years as head of the US central bank on Wednesday with interest rates on...
Term deposit yield climbs as BSP tightens stance
THE CENTRAL BANK’S one-week term deposits fetched a higher average yield on Wednesday, even as demand soared, as the market priced in the latest...
BPI partners with Amesco Drug to expand its reach in Mindanao
BANK of the Philippine Islands (BPI) has partnered with Amesco Drug Corp., marking its first “May BPI Dito” partnership with a Davao-based business as...
Global financial regulators trail banks in AI as Mythos raises oversight concerns, report finds
LONDON — The ability of central banks and financial regulators to monitor and combat the risks posed by powerful artificial intelligence (AI) models such...
Thailand’s central bank holds key rate, forecasts slower growth and higher inflation amid Iran...
BANGKOK — Thailand’s central bank kept its key interest rate unchanged at a review on Wednesday, as expected, saying it needed to assess the...
Mirova green fund exits Philippine debt after corruption scandal
MIROVA SA’s flagship green bond fund exited its position in Philippine debt following a corruption scandal that raised concerns investors may have inadvertently financed...