BSP processing applications from 29 cryptocurrency exchange firms
By Melissa Luz T. Lopez
Senior Reporter
THE CENTRAL BANK is evaluating more applications from virtual currency (VC) exchanges looking to operate in the Philippines, at...
Deutsche Bank to review CEO future amid clamor
DEUTSCHE BANK AG plans to clarify Chief Executive Officer John Cryan’s future Sunday as Chairman Paul Achleitner faces pressure from some key shareholders to...
Powell, Williams see more Fed hikes despite US-China dispute
FEDERAL RESERVE Chairman Jerome Powell backed further gradual interest-rate increases amid strong US economic momentum, in remarks that avoided the turbulent US stock market...
AUB to aggressively sign up WeChat Pay merchants during Boracay closure
THE impending closure of Boracay is viewed as an opportunity for WeChat Pay to sign up merchants eager to recoup lost revenue when the...
Peso rises ahead of long weekend amid pickup in dollar sales
THE peso strengthened against the dollar on Friday ahead of the long weekend.
The currency ended yesterday’s session at P52.02 against the dollar, strengthening from...
Loan growth to put pressure on banks’ capital
ROBUST LOAN growth drove profits of Philippine banks higher in 2017, although this puts pressure on the lenders’ capitalization, Moody’s Investors Service said.
“Net profit...
Philippine National Bank to raise $1 billion via medium-term note program
PHILIPPINE NATIONAL Bank (PNB) is looking to raise $1 billion in fresh funds through a euro-denominated medium-term note program, it announced on Thursday.
In a...
Thrift banks post higher NPLs in January
SOURED DEBTS held by thrift banks climbed in January to outstrip the growth in total lending, central bank data showed, just as consumer credit...
Tech businesses powering Asia-Pacific growth
By J. Albert Gamboa
London’s venerable Financial Times (FT) recently released its first-ever “FT 1000 High-Growth Companies Asia-Pacific” list -- with 26 Filipino firms making the grade, all...
Peso ends flat versus dollar
THE PESO closed flat against the dollar following the faster March inflation print.
The local currency ended yesterday’s session at P52.115 versus the dollar, almost...
BSP’s term deposit offer met with strong demand
By Melissa Luz T. Lopez
Senior Reporter
DEMAND FOR term deposits recovered yesterday following last week’s holiday slowdown, although market preference for shorter tenors drove a...
UnionBank sees recovery in car loans by year’s end
UNIONBANK of the Philippines (UnionBank) said its car loan growth will pick up by the end of the year after the government implemented the...