Breached!
By Flor G. Tarriela
No one is safe from cyber attacks nowadays. The frequency and the leveling up in terms of sophistication are rising. In fact, it’s no longer a question if your system will be hacked but more on when it will be hacked. The important thing is, how soon do you know that your company system has been hacked? Is your company prepared?
Peso slips to new low
THE PESO weakened anew on Thursday, slipping to a fresh 12-year low, as the dollar went up amid renewed trade war concerns.
TDF yields climb after BSP hike
YIELDS ON term deposits surged yesterday as banks took advantage of the higher interest rates set by the central bank, with appetite still skewed towards the shortest tenor.
Trade gap, inflation to push local currency past P54:$1
THE PESO could weaken further to breach the P54 level against the dollar this year amid a persistent trade gap and faster inflation, analysts at BMI Research said, with recent rate hikes still not enough to keep the currency competitive.
AUB completes migration to EMV cards
ASIA UNITED Bank Corp. (AUB) has completed its migration to microchip-based bank cards, meeting the end-June deadline set by the central bank.
Peso flat on lingering concerns
THE PESO was mostly flat on Wednesday as the dollar weakened due to continued fears over a trade war between the world’s two largest economies.
Gov’t rejects all tenders for T-bonds as rates rise
THE BUREAU of the Treasury (BTr) rejected all bids for the five-year bonds it offered on Tuesday as the market sought higher rates due to expectations of more policy adjustments from the local central bank.
RCBC to inject more capital into thrift, leasing units
RIZAL COMMERCIAL Banking Corp. (RCBC) will put in more capital in two of its subsidiaries to support its growth.
Citi sees growth in use of digital banking platform
CITIBANK, N.A. Philippine Branch (Citi Philippines) is optimistic about the growth of its digital banking platform in the country amid issues on connectivity and usage.
BoJ should continue powerful easing, guard vs side effects
TOKYO — Bank of Japan policy makers said the central bank should “patiently continue” its powerful monetary easing but attention must be paid to the potential side effects of prolonged easy policy, a summary of opinions at the June review showed.
Peso declines further vs dollar on geopolitical issues abroad
THE PESO slipped further against the dollar on Tuesday amid continued geopolitical concerns abroad.
Gov’t settles for partial award of T-bills to limit increase in yields
THE GOVERNMENT settled for a partial award of the P15 billion worth of Treasury bills (T-bills) it offered yesterday as yields climbed, reflecting market anticipation for additional rate hikes from the local central bank.