Bank of Thailand looking to ease capital outflow rules to curb baht

THAILAND’S CENTRAL BANK will take further steps to ease restrictions on capital outflows in coming months as it tries to curb gains in the baht, Governor Veerathai Santiprabhob said.

China’s steadying inflation leaves door open for monetary easing

CHINA’S CONSUMER inflation steadied in December while factory price declines moderated, leaving room for monetary easing to cement a recent stabilization in economic growth.

AmEx moves closer to entering China market

AMERICAN EXPRESS Co. cleared a key hurdle in its bid to accessing China’s $27-trillion payments market after the central bank accepted its application to start a bank card clearing business.

The evolution of digital transformation

By Reynaldo C. Lugtu, Jr.
It’s been five years since digital transformation (abbreviated as DX) reached global mainstream consciousness. We owe it to technology vendors who hyped the term in their patently self-serving motives. What have we learned from the past and what prospects are in store for companies that will embark on DX? Let’s examine the evolution of DX over the years, globally and in the Philippine context.

Peso strengthens vs dollar

THE PESO climbed against the greenback on Thursday with tensions between US and Iran seen to have somehow subsided.

Liquidity, lending growth pick up in November

MONEY SUPPLY in November saw a quicker expansion on the back of the central bank’s easing stance being absorbed by the market.

Yields on term deposits decline on safe-haven demand amid concerns

YIELDS ON term deposits slipped on Wednesday on the back of higher bids as the central bank gave the market fresh signals it would ease monetary policy further this year and amid escalating geopolitical tensions in the Middle East, which may have caused investors to put their money in safer havens.

Goldman Sachs answers investor demands on consumer business

GOLDMAN SACHS Group, Inc. unveiled details about its consumer business for the first time on Tuesday and will start disclosing its results regularly as part of a broader reporting-line shuffle, responding to long-standing requests for more transparency from analysts and investors. The changes are part of Chief Executive Officer David Solomon’s efforts to get Goldman in line with rivals like JPMorgan Chase & Co. and Citigroup that have bigger consumer businesses and share more information with investors.

UK financial watchdog to hone data crunching to spot problems easier

LONDON — Britain’s financial regulators said on Tuesday they will transform their data crunching capabilities over the coming decade to spot problems in banks and markets earlier.

Peso edges sideways

THE PESO moved sideways on Wednesday as it was supported by the influx of remittances amid risk-off sentiment arising from escalating geopolitical tensions in the Middle East.

Rates on 3-year bonds rise on inflation report

THE GOVERNMENT partially awarded the reissued three-year Treasury bonds (T-bonds) it offered on Tuesday as rates climbed due to faster-than-expected inflation data.

Singapore digital banking race heats up with 21 license bidders

SINGAPORE — Singapore has drawn huge interest from technology firms looking to shake up the city-state’s banking landscape, attracting 21 applications for five digital bank licenses on offer.