Thailand cuts interest rate to record low to rein in baht
THE BANK OF Thailand cut its benchmark interest rate for the second time in three months and said it will ease rules on outflows to curb a surging currency.
Money market gets boost from BSP easing
THE MONEY MARKET has been seeing the effects of the monetary easing of the Bangko Sentral ng Pilipinas (BSP), according to the Money Market Association of the Philippines (MART).
Peso weakens against the dollar on US non-manufacturing data
THE PESO weakened against the dollar on Wednesday following its rally amid better-than-expected US data reported late Tuesday.
Fintech startup PearlPay signs new deal to digitalize rural banks in Pangasinan
Team SparkUp
Earlier today, fintech startup PearlPay formally entered a strategic partnership with the Association of Pangasinan Rural Banks (APRUB) to help facilitate the digital transformation...
China Bank income up 25% in Q3 as loans, deposits expand further
CHINA BANKING Corp.’s (China Bank) consolidated net income saw double-digit growth during the third quarter as its loan portfolio and deposits continued to expand.
Japan wants to go cashless, but elderly still reluctant to make the shift
TOKYO — Cash is king in Japan, and more so for the country’s fast-ageing population who are still deeply reluctant to give it up.
Peso extends climb as inflation eases
THE PESO rallied further on Tuesday as inflation eased to a three-year low in October.
Gov’t makes partial award of T-bills as rates rise
THE GOVERNMENT made a partial award of the Treasury bills (T-bill) it auctioned off yesterday as rates of the shorter tenors increased despite the recently implemented cut in banks’ reserve ratio and expectations of easing inflation.
Security Bank net profit climbs 22% in Q3
SECURITY BANK Corp. recorded a higher net profit in the third quarter, driven by double-digit growth in its income from loans and deposits.
Recovery signs turn Korean bonds into Asia’s worst performer in Oct.
INVESTORS MAY have flocked to South Korean bonds this year, but signs of an economic recovery and the potential for record debt sales saw them end last month as Asia’s worst performer.
Demand for VUL insurance growing in the Philippines
MORE FILIPINOS are choosing to purchase variable unit linked (VUL) products over traditional life insurance, Manulife Philippines said, causing insurers to fine-tune their products to meet the growing demand.
Peso rallies on US-China talks
THE PESO CONTINUED to strengthen against the dollar on Monday on the back of optimism on a US-China trade deal.