Wirecard’s $2.1-billion hole deepens after forgery claim
Wirecard AG shares continued their free-fall after the two Asian banks that were supposed to be holding $2.1 billion of missing cash denied any...
BPI plans bond issuance to help MSMEs
BANK OF THE Philippine Islands (BPI) is eyeing to issue COVID Action Response Bonds (CARE Bonds) for financing for eligible micro-, small-, and medium-sized enterprises (MSMEs) hit by the pandemic.
RCBC to tap bond market anew
RIZAL COMMERCIAL Banking Corp. (RCBC) is looking to tap the bond market for the second time this year following its April issuance.
Growth of non-banks’ domestic claims eases in Q4
DOMESTIC CLAIMS of non-banks in the last quarter of the 2019 grew at a slower pace, the Bangko Sentral ng Pilipinas (BSP) said.
Is your board future ready?
By Flor G. Tarriela
Running a business in Asia, says Sunil Puri, Senior Director of Center for Creative Leadership, is like driving a car at top speed on a poorly lit street at night, with a visibility of just 200 meters. The driver is the CEO and the board directors are the navigators of the trip.
Peso declines on geopolitical tensions
THE peso weakened on Thursday as the market reacted to rising geopolitical tensions in major economies, such as the border clash between China and India.
TDF yields dip as demand soars
YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) term deposit facility (TDF) dipped anew amid higher bids as liquidity improved.
Upskilling needed as pandemic changes operating environment
UPSKILLING will be necessary for bankers in transitioning to the “new normal” as digitalization and online transactions gain traction, an official from UnionBank of the Philippines, Inc. said.
BSP eases pawnshops’ borrowing limit
THE BANGKO SENTRAL ng Pilipinas (BSP) has relaxed the borrowing limit of pawnshops to help the industry provide financial services to unbanked Filipinos amid the coronavirus pandemic.
Peso climbs on fresh US stimulus
THE PESO continued to strengthen versus the greenback on Wednesday on news of a $1-trillion stimulus in the US as well as a possible treatment for critical coronavirus patients.
Gov’t makes full award of 35-day Treasury bills
THE GOVERNMENT made a full award of the 35-day Treasury bills (T-bills) it offered on Tuesday on strong demand as rates settled close to the headline inflation print.
BDO eyes growth opportunities amid coronavirus pandemic
BDO UNIBANK, Inc. is setting its sights on opportunities for growth in the country’s unbanked population despite the challenging outlook for 2020 due to the coronavirus pandemic.