Central bank reports 62% increase in consumer complaints in 2024
THE BANGKO SENTRAL ng Pilipinas (BSP) processed 62.4% more financial consumer complaints in 2024 compared to the previous year.
“Our office receives different kinds of...
European Commission removes PHL from ‘high-risk’ money laundering list
THE PHILIPPINES has been removed from the European Commission’s (EC) list of “high-risk” countries for anti‑money laundering and countering the financing of terrorism (AML/CFT)...
Yields on term deposits slip on BSP easing bets
YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) term deposits continued to inch lower this week as both tenors were oversubscribed and as slower...
Dollar keeps losing market share but euro slow to benefit: ECB study
FRANKFURT — The dollar continued to lose market share as the world’s dominant currency last year but mostly smaller rivals and gold benefited rather...
Australian regulator cracks down on ‘finfluencers’ over unlawful financial advice
AUSTRALIA’S corporate regulator said on Thursday it had issued warnings to a number of social media “finfluencers”, accusing them of offering misleading financial advice...
Celebrating 50 years of diplomatic relations between the Philippines and China
By EJ Qua Hiansen
Over the weekend, I had the opportunity to attend two events organized by the Federation of Filipino Chinese Chamber of Commerce and Industry, Inc....
BSP may require big banks to adopt more sophisticated anti-fraud systems
THE BANGKO SENTRAL ng Pilipinas (BSP) is considering requiring different authentication measures for banks, depending on the volume of transactions they process, as bigger...
Cautious optimism seen after new US-China deal
PHILIPPINE MARKETS could post some gains after the United States and China agreed to extend their tariff truce, but the optimism may be short-lived...
Peso may drop further against dollar on escalating Iran-Israel conflict
THE PESO could weaken further against the dollar this week amid heightened geopolitical risks as Israel and Iran exchanged attacks.
The local unit closed at...
Yields on BSP bills move sideways
YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) short-term securities ended mixed on Friday, even with both tenors oversubscribed despite fetching lower tenders.
The BSP...
Debt yields inch higher ahead of Fed policy meet
YIELDS on government securities (GS) traded at the secondary market moved mostly sideways last week as players stayed defensive ahead of US Federal Reserve’s...
T-bill, bond rates may end mixed before BSP meeting
RATES of the Treasury bills (T-bills) and Treasury bonds (T-bonds) on offer this week could end mixed before an expected cut by the Bangko...