Filipinos starting to go cashless — Visa
IN A COUNTRY where cash still remains king, majority of Filipinos are starting to embrace cashless payments, Visa, Inc. said in a report.
BoJ policy maker sees danger from more easing, in signal of wider rift
KUMAMOTO, Japan — A Bank of Japan (BoJ) board member warned of potential dangers if the central bank’s already massive stimulus is ramped up, a view suggesting there is no consensus on how quickly it should ease policy again to head off the risk of recession.
Mnuchin says ultra-long bonds under consideration
TREASURY Secretary Steven Mnuchin said issuing ultra-long US bonds is “under very serious consideration” in the Trump administration, possibly setting up a move that would mark a historic revamp of the $16-trillion Treasuries market.
RBAP, TransUnion partner on credit information sharing
RURAL BANKERS Association of the Philippines (RBAP) has partnered with solutions provider TransUnion Philippines for credit information sharing, which is expected to boost financial inclusion among Filipinos and strengthen the banking sector.
Martha Stewart: Sustainable development, legacy
By Flor G. Tarriela
It was full house at the Martha Stewart Leadership event sponsored by ANC at Sofitel. Who is Martha Stewart? Why is she such a big celebrity? She is the first self-made American woman billionaire who has consistently reinvented herself. She is the icon in lifestyle, baking and gardening, among others, and has built an empire in publishing and selling many Martha Stewart home items.
Peso strengthens on profit taking ahead of likely weak US GDP data
THE PESO finished stronger on Thursday ahead of an expected downward revision in US economic growth data.
TDF yields rise on weak demand
WEAK APPETITE for term deposits pushed yields higher on Wednesday as bids for the facility continued to fall below the central bank’s offer for this week.
UCPB, Pag-IBIG ink deal on digital services
THE UNITED Coconut Planters Bank (UCPB) has offered its digital platform to the Home Development Mutual Fund or Pag-IBIG Fund to help with electronic disbursements of loans and benefits to its 14 million members.
Britain’s consumer banking scandal may have sting in tail
LONDON — Britain’s most costly consumer banking scandal could yet have a sting in the tail even after an August 29 compensation deadline, as a 1 billion pound claims industry takes its fight to the courts.
PDIC sells P223.1M worth of assets
THE PHILIPPINE Deposit Insurance Corp. (PDIC) sold P223.1 million worth of properties held by 533 shuttered banks through six public biddings from January to July this year.
Peso down on BSP easing bets
THE PESO edged lower on Wednesday as the Bangko Sentral ng Pilipinas (BSP) chief hinted on another rate cut this year.
Gov’t fully awards three-year T-bonds
THE GOVERNMENT made a full award of the reissued three-year Treasury bonds (T-bond) it offered yesterday on the back of strong demand following the speech of US Federal Reserve Chief Jerome Powell over the weekend and bets of monetary easing by the local central bank as early as next month.