SSS targets increased digital transactions
STATE-RUN Social Security System (SSS) is targeting a threefold increase in online transactions by next year to streamline services and save on operating expenses.
Fed shuns negative rates, looks to other tools to boost economy
FEDERAL RESERVE Chairman Jerome Powell and his colleagues are loath to follow Europe and Japan into negative interest rate territory — no matter what President Donald Trump might want or how bad the US economy might get.
Malaysia keeps policy rate unchanged
MALAYSIA’S central bank kept its benchmark interest rate unchanged for a second straight meeting as the economy posts steady growth despite mounting global risks.
Revisiting your vision and mission
By Reynaldo C. Lugtu, Jr.
“The pace of change has never been this fast, yet it will never be this slow again,” said the Prime Minister of Canada Justin Trudeau during the World Economic Forum gathering. We have never seen a world as volatile, uncertain, complex, and ambiguous as it is now. Technology is progressing at break-neck speeds, giving rise to new competitors that grow exponentially. Consumer preferences are changing fast due to the entry of the younger generations who voraciously purchase online, forcing many traditional retailers to close shop.
Peso rises as US, China grant trade concessions
THE PESO regained strength against the dollar on the back of market optimism from positive developments in US-China trade relations.
Yields on term deposits drop on strong demand
STRONG APPETITE for term deposits caused yields to decline on Wednesday as all tenors were oversubscribed despite the slightly higher offer volume.
In a fracturing world, the biggest central banks still stuck together
WASHINGTON/TOKYO/FRANKFURT — The last time major central banks shifted gears together, it was a cooperative move to keep the financial crisis of a decade ago from becoming a full-bore, worldwide depression.
BoJ’s dilemma spurs speculation
JAPAN’S CENTRAL BANK, long a pioneer in pushing the envelope of monetary policy in its campaign to stimulate the economy, may yet add to its record of innovation.
Libra will have to meet US standards: Treasury
BERN — The Facebook-led Libra cryptocurrency project must meet the highest standards for combating money laundering and terrorism financing if it is to get off the ground, a senior US Treasury official said on Tuesday.
Erdogan dares new central banker to think differently
PRESIDENT RECEP Tayyip Erdogan may finally get to crow “I-told-you-so.”
Brokerage Charles Schwab says to cut about 600 jobs
DISCOUNT BROKERAGE company Charles Schwab Corp. is cutting about 600 jobs after an internal review, a company spokeswoman confirmed on Tuesday.
Peso weakens as dollar rebounds vs most units
THE PESO weakened on Wednesday as the dollar regained its dominance across global markets.