Peso rebounds on profit taking ahead of ECB statement, SONA
THE PESO rebounded against the dollar on Thursday from a near 11-year low on the back of profit taking ahead of President Rodrigo R....
Big banks fail to meet agri-agra lending quota
BIG BANKS continued to beg off the required lending to farmers during the first quarter, latest central bank data showed, even as credit lines...
A crisis cycle
FINEX Folio
By J. Albert Gamboa
Members of the Financial Executives Institute of the Philippines (FINEX) had been excitedly anticipating the general membership meeting last July...
Weaker appetite for term deposit auction
TERM DEPOSITS on auction saw weak demand yesterday as both the week-long and month-long tenors received bids below offer, with the central bank taking...
BPI Family to miss deadline for full migration to EMV-compliant cards
THE thrift lender of Ayala-led Bank of the Philippine Islands (BPI) said its systems will be Europay, Mastercard and Visa (EMV) compliant by the...
Peso hits fresh low in nearly 11 years as players brace for another US...
THE PESO extended its slump against the dollar on Wednesday to hit another fresh low in almost 11 years, as more market players are...
Dollar sell-off stops as Treasury yields rise
SYDNEY -- The dollar sell-off finally ground to a halt as Treasury yields rose and euro bulls took some money off the table ahead...
Big Australian lenders rally after new rules seen ‘relatively benign’
SYDNEY -- Australia’s big four banks rallied in Sydney trading as new capital requirements turned out to be less onerous than expected and the...
Initial offerings need to cool down, cofounder of digital coin network says
NEW YORK -- Initial coin offerings (ICOs), a means of crowdfunding for blockchain-technology companies, have caught so much attention that even the cofounder of...
Robinsons Bank says first-half net income hits P150.7 million
By Janine Marie D. Soliman,
Reporter
GOKONGWEI-LED Robinsons Bank Corp.’s net income in the first six months of the year has already surpassed its profit for...
IC studies proposal to lower insurance costs for jeepney operators
THE Insurance Commission (IC) is studying the proposal to trim premiums imposed on comprehensive motor insurance, and allow insurance firms to provide credit to...
Peso hits nearly 11-year low against US dollar
THE PESO continued to slide versus the greenback on Tuesday, hitting another fresh low in nearly 11 years, amid strong demand for the foreign...