Moody’s affirms ratings of BDO, Metrobank, BPI
MOODY’S RATINGS on Monday affirmed the long- and short-term deposit ratings of the Philippines’ three biggest private banks in asset terms, putting them at...
Fed’s Williams calls for strong policy response if inflation deviates from target
TOKYO — New York Federal Reserve President John Williams said on Wednesday central banks must “respond relatively strongly” when inflation begins to deviate from...
Peso climbs as trade jitters ease
THE PESO rebounded against the dollar on Wednesday amid easing trade tensions between the United States and the European Union (EU).
The local unit closed...
GCash offers free health, accident insurance with load purchases
ELECTRONIC WALLET giant GCash is now offering free health insurance underwritten by nonlife company FPG Insurance Co., Inc. with every eligible purchase of prepaid...
Philippine insurance premiums to grow to €21.4 billion by 2035
THE PHILIPPINE insurance market is expected to grow to €21.4 billion by over the next decade amid growing demand for protection, Allianz Research said...
FWD Life Philippines appoints new president and chief executive officer
FWD Life Insurance Corp. (FWD Life Philippines) has appointed Lau Soon Liang as its new president and chief executive officer starting June.
The appointment is...
Yields on term deposits go down on easing bets
YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) term deposits edged lower on Wednesday as the offer was oversubscribed amid expectations of further monetary...
Peso weakens vs dollar after US trade court blocks Trump’s tariffs
THE PESO fell against the dollar on Thursday after the US Court of International Trade blocked President Donald J. Trump’s sweeping reciprocal tariffs on...
Philippine transition to a low-carbon economy
By Jesus Ma. Lava III
The Philippines remains one of the most at risk and vulnerable to the effects of climate change. Its location and the frequency of several...
Twilio: PHL banks may replace OTPs with more secure passkeys
CUSTOMER engagement platform Twilio expects banks to adopt alternative authentication methods such as silent network authentication and passkeys as the Bangko Sentral ng Pilipinas (BSP) pushes lenders to veer away from one-time passwords (OTP).
Banks’ trust assets up 19% at end-March
ASSETS of Philippine banks’ trust units jumped 18.6% to P4.69 trillion at the end of March from a year earlier, according to data from...
BPI on track to hit P1T in sustainability loans
BANK of the Philippine Islands (BPI) is on track to hit its target of P1 trillion in sustainability-linked loans by 2026.
“We’re well on that...