Peso to weaken further on mixed US, Japan data
THE PESO is seen to weaken further this week as the greenback is expected to be supported by slightly upbeat US economic data and...
BSP sets minimum liquidity ratio for small lenders
By Melissa Luz T. Lopez, Senior Reporter
THE CENTRAL BANK will impose liquidity standards on small banks by 2019, parallel to a measure imposed on...
China Bank net profit up 15%
CHINA BANKING Corp. (China Bank) saw its net income grow in 2017 on the back of sustained growth in its core and fee-based businesses.
In...
Pag-IBIG Fund posts record high loans, earnings
STATE-OWNED Home Development Mutual Fund, also known as Pag-IBIG Fund, booked record-high home loan disbursements and earnings in 2017, it said on Friday.
In a...
Peso drops on weak trade data
THE PESO weakened further against the dollar on Friday as the country’s trade deficit expanded in December.
The local currency closed the week at P51.48...
DoF looks to tap Alibaba Group’s digital financial services for OFB
THE Department of Finance (DoF) is eyeing to tap digital financial services offered by China’s Alibaba Group for remittances processed by the newly opened...
S&P wants in on China’s $11-trillion bond market
S&P GLOBAL Inc. plans to offer its ratings services in the Chinese domestic bond market, with an eye on buying a majority stake in...
ECB wakes up to risks of digital currencies
THE European Central Bank (ECB) has woken up to the risks digital currencies can pose to policy makers’ bread-and-butter business: the economy.
“If you increasingly...
Fintech hub in Asia’s Silicon Valley
By J. Albert Gamboa
The emergence of financial technology or “fintech” in modern business jargon dates back to 1993. That was during the time New York-headquartered Citicorp, the...
Peso weakens amid volatility in markets
THE PESO declined against the dollar on Thursday, February 8, amid continued volatility in global markets and as the Bangko Sentral ng Pilipinas (BSP) kept...
Deposits attract demand
By Melissa Luz T. Lopez,
Senior Reporter
BANKS swarmed yesterday’s auction of term deposits following the return of the month-long tenor, driving yields lower amid overwhelming...
FINTQ microinsurance platform set for rollout
FINTQNOLOGIES Corp. (FINTQ), the financial technology (fintech) arm of Voyager Innovations, Inc., is set to launch a microinsurance platform to tap the uninsured.
FINTQ managing...