PNB Savings opens first fully-digital branch
PNB Savings Bank said it opened its first fully digital branch in San Juan City with no tellers and largely paperless transactions.
Peso higher after dollar slides on weak jobs data, oil prices
THE peso strengthened on Friday as the dollar was undermined by weak jobs data and lower global oil prices.
ING sees cuts in key rates, reserve requirements
SLOWER GROWTH and tighter liquidity will prompt the central bank to stop its tightening cycle, a global bank said, expecting cuts in interest rates as well as bank reserves in 2019.
BPI upsizes peso bond issuance to P25 billion on strong demand
BANK OF THE Philippine Islands (BPI) raised P25 billion via peso-denominated bonds which will be used to diversify funding sources.
BMI to open 40 branch-lite units
BANK OF MAKATI (A Savings Bank), Inc. (BMI) is looking at opening 40 branch-lite units across the country next year to bolster its lending catered to small businesses.
Achieving unity through hoops
By J. Albert Gamboa
WHAT a glorious ending this week for the University Athletic Association of the Philippines (UAAP) Season 81 men’s basketball tournament that drew record crowds during its last two games at Mall of Asia Arena and Smart Araneta Coliseum.
Peso weakens further
THE PESO extended its drop against the dollar to hit another three-week low, worsened by market jitters over the US-China trade dispute.
Yields on term deposits go up
DEMAND for term deposits improved this week but failed to fill the auction amount set by the central bank, driving yields higher into the five percent level.
BPI looking to put up 20-30 branches annually
BANK OF THE Philippine Islands (BPI) expects to grow its branch network by 20-30 per year as it ramps up spending on enhancing information technology.
TransUnion’s new-to-credit accounts grow on rise in millennial borrowers
TRANSUNION Philippines saw continued growth in new credit accounts opened by millennials last year on the back of improving finances and technology.
Federal Reserve’s Williams says strong economy warrants further rate hikes
FEDERAL RESERVE Bank of New York President John Williams gave an optimistic review of the US economy, reiterated his support for further gradual interest-rate increases and expressed no concern that market participants have dialed back expectations for policy tightening in 2019.
Peso sinks to 3-week low
THE PESO plunged further against the dollar to hit a three-week low on Wednesday on profit taking amid slower inflation print for last month.