Peso weakens to near two-month low as Iran, Israel exchange attacks
THE PESO sank to a near two-month low against the dollar on Monday as the conflict between Israel and Iran continued to escalate.
The local...
ECB relaxed about euro strength, risk of too low inflation
FRANKFURT — Tariffs will weigh on euro zone economic growth and prices for years, but there is little risk of inflation falling too low,...
RCBC inks partnership with Hungry Workhorse to launch API marketplace for fintechs
RIZAL COMMERCIAL Banking Corp. (RCBC) on Monday signed a partnership with Hungry Workhorse Consultancy, Inc. for its rollout of application programming interfaces (APIs) for...
Asialink gets P120-M credit line to boost lending to MSMEs
ASIALINK Finance Corp. has secured a P120-million credit line from Taiwan’s Mega International Commercial Bank Co. Ltd. (Mega ICBC) to boost lending to small...
Cashalo secures $75-million loan facility to expand products, boost credit access
DIGITAL financial services provider Cashalo has secured a loan facility of up to $75 million from global private investment firm Community Investment Management LLC...
T-bill rates end mixed amid Mideast conflict
THE GOVERNMENT saw mixed results at Monday’s Treasury bill (T-bill) auction, with yields mostly steady as it capped the rise in the 91-day tenor’s...
Peso sinks to two-month low as Mideast conflict keeps market on edge
THE PESO depreciated to an over two-month low against the dollar on Tuesday as sentiment stayed dour due to the conflict between Iran and...
Four rural banks consolidate to form Agribank
THE BANGKO Sentral ng Pilipinas (BSP) has approved the consolidation of four agricultural rural banks to form Agribusiness Banking Corp. - A Rural Bank...
Philippine bond market posts fastest growth in emerging East Asia in Q1
THE PHILIPPINE bond market posted the fastest growth in the emerging East Asia region in the first quarter, rebounding from the contraction seen in...
Fintech firm Salmon raises $88 million to grow PHL business
SALMON Group Ltd has raised $88 million from its latest funding round to expand its operations in the Philippines and across Southeast Asia.
The funding...
Gov’t partially awards reissued 10-year bonds at higher yields
THE GOVERNMENT made a partial award of the reissued 10-year Treasury bonds (T-bonds) it auctioned off on Tuesday as investors asked for higher rates...
Value of InstaPay, PESONet transactions surges to P9 trillion as of May
THE COMBINED VALUE of transactions done via InstaPay and PESONet rose by 37.06% year on year to exceed P9 trillion in the first five...