Peso may move sideways vs dollar
THE PESO could trade sideways against the dollar this week as the market continues to watch for developments in the United States’ trade talks...
Why China’s neighbors may want currency deals with Trump
SINGAPORE — As the currencies of South Korea, Taiwan and Japan rise, so too is chatter that these economies could use exchange rate revaluation...
HMO industry’s net income surges to P579M in Q1
THE health maintenance organization (HMO) industry saw its net income surge to P579.39 million in the first quarter from P6.78 million in the same...
Metrobank to expand consumer lending
METROPOLITAN Bank & Trust Co. (Metrobank) is looking to increase the share of consumer loans in its total loan portfolio to help offset narrowing...
Security Bank posts 7% rise in Q1 profit
SECURITY BANK Corp. saw its net profit rise by 7% year on year in the first quarter, driven by higher revenues.
The bank’s net income...
BAP partners with BAIPHIL to upskill banking industry workforce
THE BANKERS Association of the Philippines (BAP) has partnered with the Bankers Institute of the Philippines (BAIPHIL) to help upskill its member banks’ employees...
Monetary policy still viable in ‘tokenized’ system, project shows
NEW YORK — Central banks should still be able to conduct monetary policy effectively and perhaps be even nimbler in a more decentralized financial...
FATF ‘gray list’ exit: benefits and issues
By Benel D. Lagua
The financial community welcomed the recent news that the Financial Action Task Force (FATF) removed the Philippines from its money laundering “gray list.” The...
Peso rebounds as dollar rally loses steam
THE PESO strengthened on Thursday as the dollar fell before the release of US retail sales data overnight.
The local unit closed at P55.746 per...
Treasury fully awards dual-tenor bond offering
THE GOVERNMENT made a full award of the dual-tranche Treasury bonds (T-bonds) it offered on Wednesday, with investors swamping the shorter tenor amid dovish...
Yields on term deposits fall on BSP easing bets
TERM DEPOSIT YIELDS went down on Wednesday as markets anticipate further policy easing from the Bangko Sentral ng Pilipinas (BSP) amid the improving inflation...
Allianz PNB Life targets P135B in AUMs this year
ALLIANZ PNB Life Insurance, Inc. is aiming to grow its assets under management (AUM) to P135 billion this year as it plans to make...