UnionBank sees growth in retail banking
UNIONBANK of the Philippines (UnionBank) said that retail banking will continue to grow as more Filipinos enter the work force.
In an interview with BusinessWorld,...
A $27-trillion challenge looms as yen Libor shift approaches
JAPAN is emerging as a key area of concern in the global migration away from the London interbank offered rate (Libor).
Upper mid-income status to boost insurance growth
THE PHILIPPINE industry could hit its full growth potential once the country achieves upper middle-income status, an industry player said.
“We already reached $3,000 per...
Launch of Overseas Filipino Bank, e-invoicing expected by third quarter — DoF
THE Department of Finance (DoF) said the digital-only Overseas Filipino (OF) Bank and the electronic invoiving (e-invoicing) program are set to roll out by the third quarter of 2020.
LANDBANK seeks approval of new charter by Q1 2025
LAND BANK of the Philippines (LANDBANK) is hoping senators will approve early next year a bill amending its charter to raise its capitalization to...
T-bill, bond rates may rise amid market caution
RATES of Treasury bills (T-bills) and Treasury bonds (T-bonds) to be auctioned off this week may rise amid weak demand due to market caution...
Peso slips as OPEC cuts output
THE PESO slipped versus the dollar on Thursday after oil exporting countries announced an output cut, fanning inflation concerns.
Life cycle theory: Savings behavior of baby boomers
By Benel D. Lagua
How much should a person save for his retirement? In 1976, Milton Friedman was awarded the Nobel Prize in economic science and one of...
Yields on gov’t debt decline on central bank’s move
YIELDS ON government securities (GS) ended lower last week following a surprise 50-basis-point (bp) cut by the Bangko Sentral ng Pilipinas (BSP) on Thursday.
Bank of Commerce net income up 49% in 2022
BANK of Commerce (BankCom) booked a net income of P1.8 billion in 2022, up by 49% from P1.207 billion in the year prior, it...