IP E-Game seeks digital banking license
LISTED IP E-Game Ventures, Inc. announced on Wednesday that it is applying for a digital banking license with the Bangko Sentral ng Pilipinas (BSP).
Peso rises on dovish Fed
THE PESO appreciated further against the dollar as the US central bank said it would continue to support the world’s largest economy amid the coronavirus crisis.
RCBC income down 7% in 2020
RIZAL COMMERCIAL Banking Corp. (RCBC) booked a lower net profit last year as it boosted its loan loss reserves amid the coronavirus crisis.
Security Bank, Krungsri to infuse P3 billion in capital into SB Finance
SECURITY BANK CORP. and Thailand-based Bank of Ayudhya Public Co. Ltd. (Krungsri) are set to infuse P3 billion in fresh capital into their consumer finance subsidiary SB Finance, Inc. for its expansion.
Pandemic increases interest in retirement planning
THE PERCENTAGE of Filipinos who started thinking about their retirement plans was the highest in Asia as the coronavirus pandemic pulled down household incomes, a survey by Manufacturers Life Insurance Co. (Phils.), Inc. (Manulife Philippines) showed.
BSP moves to tighten cryptocurrency regulations to boost industry, market
MOVES BY THE central bank to tighten regulations for virtual asset service providers will help increase consumer confidence so the local cryptocurrency market can grow further, an industry player said.
Peso climbs vs dollar ahead of Powell remarks
THE PESO strengthened against the greenback on Tuesday as the dollar sank to a one-month low and amid expectations of supportive monetary policy from the US Federal Reserve.
S.African upstart bank teams up with JG Summit to expand into Philippines
SINGAPORE - South African digital bank Tyme has raised $110 million in private capital and linked up with JG Summit, one of the biggest...
Gov’t fully awards T-bill offer despite higher rates
THE GOVERNMENT made a full award of the Treasury bills (T-bills) it offered on Monday even as rates increased across the board after months of decline due to faster inflation and rising US bond yields.
IC says insurers selling products online must be transparent about terms, responsive to clients
THE INSURANCE Commission (IC) has ordered health maintenance organizations (HMO) and pre-need companies to be more transparent with their products and terms when they offer these online.
PNB to infuse P515M into leasing arm
PHILIPPINE NATIONAL Bank (PNB) is looking to infuse capital into its joint venture with Japan’s Mizuho Bank, which will boost its shareholdings in the firm, as it anticipates opportunities in the leasing business amid the government’s infrastructure drive.
Peso sinks to six-month low
THE PESO retreated against the greenback on Monday to log its weakest close in six months amid market expectations of a recovery in imports amid vaccine procurement developments.