Atome secures $75-M financing facility to expand in the Philippines

BUY NOW, PAY LATER provider Atome has secured a $75-million asset-backed financing facility from Lending Ark to fund its continued expansion in the Philippines. “This...

RCBC looks to raise at least P3 billion from sustainability bond offer

RIZAL COMMERCIAL Banking Corp. (RCBC) is looking to raise at least P3 billion from an offering of peso-denominated sustainability bonds this month, marking its...

BTr hikes T-bill award as yields drop on BSP bets

THE GOVERNMENT hiked its award of the Treasury bills (T-bills) it offered on Monday as rates dropped across all tenors, with the market pricing...

Peso weakens further amid US-China talks

THE PESO dropped further against the dollar on Tuesday as markets awaited the outcome of the ongoing trade negotiations between the United States and...

Januszczak steps down as UBX president and CEO 

JOHN JANUSZCZAK is stepping down as president and chief executive officer (CEO) of UBX Philippines Corp. effective June 16. Union Bank of the Philippines, Inc....

Deposit insurance not enough of a safety net against bank runs, study shows

CUSTOMERS tend to withdraw their funds, regardless of size, in the event of bank failures even as these are backed by deposit insurance, according...

Consumer lending seen to sustain momentum

CONSUMER LENDING in the Philippines is expected to sustain its growth momentum as easing inflation continues to boost economic activity, according to global information...

PHL banks to ramp up investments in cybersecurity, collaborate with gov’t

THE PHILIPPINE banking industry, in cooperation with the government and private sector, is set to boost its cybersecurity-related technology spending to improve the delivery...

BPI raises P40 billion via SINAG Bonds offer

BANK of the Philippine Islands (BPI) has raised P40 billion from its latest offering of sustainable bonds, it said on Tuesday. The final issue size...

Gov’t fully awards bonds at slightly higher rates

THE GOVERNMENT made a full award of the reissued 10-year Treasury bonds (T-bonds) it offered on Tuesday as the offer was met with ample...

Peso sinks to six-week low as US-China deal boosts dollar

THE PESO sank to a six-week low on Wednesday as the dollar got a boost after the United States and China reached a deal...

PSBank launches personal loan

PHILIPPINE Savings Bank (PSBank) has launched a personal loan product with flexible payment options. PSBank’s Flexi Personal Loan allows customers to borrow up to P250,000...