Peso rises to nine-month high
THE PESO strengthened to a nine-month high against the dollar on Tuesday on the back of developments in the trade negotiations between the United States and China.
SSS to invest overseas as it diversifies asset base
THE SOCIAL Security System (SSS) is eyeing to finally invest overseas as its new charter allows a bigger chunk of its reserve funds to be parked in foreign-currency securities.
UnionBank targets bigger take from digital transactions
UNIONBANK OF THE Philippines, Inc. is eyeing bigger revenues from digital transactions in the coming years, as they expect investments on technology to improve financial services offered to clients.
GCash eyes MSMEs in Visayas, Mindanao
DAVAO CITY — GCash is looking at tapping more micro, small and medium enterprises (MSMEs) in the countrysides of the Visayas and Mindanao as it wants to increase usage of the system.
Peso to climb on US-China deal
THE PESO is expected to strengthen against the dollar this week due to positive developments in the US-China trade relations.
BSP to set higher fines for banks
HEFTIER FINES await banks and financial firms who will violate rules set by the Bangko Sentral ng Pilipinas (BSP), which officials hope will keep banks on their toes in terms of compliance.
Yields flat ahead of RTBs
YIELDS on government securities (GS) were flat last week ahead of the government’s retail Treasury bond (RTB) offering.
SSS to accept applications for employers’ penalty condonation soon
THE SOCIAL SECURITY System (SSS) will start accepting applications for condonation of penalties within six months after the measure seeking to amend its charter was enacted.
Central bank chief Espenilla passes away
By Melissa Luz T. Lopez, Senior Reporter
BANGKO SENTRAL ng Pilipinas (BSP) Governor Nestor A. Espenilla, Jr. passed away on Saturday, Feb. 23. He was 60.
The central bank's Corporate Affairs Office...
BSP to simplify licensing requirements for e-payments firms
THE CENTRAL BANK will soon allow banks and other financial firms looking to offer basic digital financial services to start operations without securing prior approval from the regulator, amid an industry push towards e-payments.
Peso climbs ahead on hawkish comments from Guinigundo
THE PESO strengthened versus the dollar on Friday, buoyed by hawkish comments from a central bank official and offshore inflows ahead of the sale of retail Treasury bonds next week.
Philippine National Bank raises P8.22B from 5.5-year LTNCDs
PHILIPPINE NATIONAL Bank (PNB) raised P8.22 billion from the issuance of long-term notes to investors, with the additional funding meant to manage debts and offer more loans.