HSBC Philippines expects growth in all market segments amid rate cuts
HSBC PHILIPPINES expects to grow across all its market segments as expected rate cuts from the central bank spurs loan demand, its top official...
Bangko Sentral income surges to P48.33 billion in first 10 months
THE CENTRAL BANK saw its net income rise fourfold as of October, driven by huge gains from foreign exchange at a time of a weaker peso.
Peso slips as players reposition after Tuesday’s sharp increase
THE PESO ended almost flat against the dollar on Wednesday after most market players tweaked their positions following Tuesday’s sharp rise.
The local currency closed...
BSP eyes new clearing house for bills payments
THE BANGKO Sentral ng Pilipinas (BSP) is eyeing to roll out another clearing house meant to process bills payment transactions online, as they see a strong push from the retail space.
Security Bank sees growth in lending as rates stabilize
SECURITY BANK Corp. expects its lending business to continue growing as the central bank is seen to take a pause in its interest rate hike cycle amid normalizing inflation.
Bankers association looks to launch digital ID registry within the year
THE BANKERS ASSOCIATION of the Philippines (BAP) is aiming to launch the digital banking identification (ID) registry within the year in a bid to further financial inclusion.
Domestic claims of nonbanks climb in 4th quarter of 2022
DOMESTIC CLAIMS of non-bank financial firms climbed year on year in the last quarter of 2022, the Bangko Sentral ng Pilipinas (BSP) said.
Preliminary data...
Peso ends unchanged vs the dollar
THE PESO ended flat against the dollar on Monday on concerns over further rate hikes here and abroad amid upbeat US employment data and expectations of higher Philippine inflation last month.
BDO AUMs hit P1 trillion at end-Sept.
BDO UNIBANK, Inc. (BDO) saw its assets under management (AUM) grow to P1 trillion as of September on the back of strong demand for its unit investment trust fund (UITF) products amid the coronavirus pandemic.
Gov’t fully awards T-bills even as rates mostly rise on CPI bets
THE GOVERNMENT made a full award of the Treasury bills (T-bills) it offered on Monday even as rates mostly rose amid expectations that Philippine...
T-bill offer awarded fully
THE GOVERNMENT fully awarded the Treasury bills (T-bills) it offered on Monday as yields declined across all tenors, supported by the additional liquidity in...
Strong demand drives TDF yields down
By Melissa Luz T. Lopez, Senior Reporter
BANKS CROWDED shorter tenors during this week’s auction of term deposits, driving yields down ahead of an expected...