BSP receives first application for a digital banking license
THE BANGKO SENTRAL ng Pilipinas (BSP) has received the first application for a digital banking license following the release of a framework for the sector in November.
Peso to climb further vs dollar ahead of remittances, BoP data
THE PESO may strengthen versus the dollar this week as coronavirus cases in the country continue to decline and ahead of the release of latest data on overseas Filipino workers’ (OFW) remittances and the country’s balance of payments (BoP) position.
Peso hits two-month low
THE PESO declined against the dollar on Thursday to a fresh two-month low as market players awaited the policy decision of the local central bank.
Peso strengthens further
THE PESO strengthened against the dollar on Monday as markets see better inflation data and economic growth figures later this week, boosting prospects for the Philippines.
DBP: No longer just a development bank
By Jochebed B. Gonzales,
Senior Researcher
WHILE competition in the banking sector is just starting to heat up, the Development Bank of the Philippines (DBP), may...
Peso strengthens anew on RRR cut
THE PESO strengthened versus the dollar on Tuesday as the central bank cut banks’ reserve ratio anew and on the US Federal Reserve’s aggressive initiatives to lessen the economic impact of coronavirus disease 2019 (COVID-19).
Peso extends climb
THE PESO continued its rally against the dollar on Wednesday amid market caution over developments in the US.
The local currency closed at P50.62 against the greenback...
Peso plunges against the dollar as Fed makes ‘insurance’ rate cut
THE PESO declined against the dollar on Thursday after the US Federal Reserve cut benchmark rates.
Peso inches down ahead of break
THE PESO closed almost flat on Thursday despite news of US President Donald J. Trump being impeached by the US House of Representatives as investors were cautious with the year coming to an end.
Peso up as cases decline
THE PESO strengthened against the dollar on Tuesday as the country recorded fewer cases of coronavirus disease 2019 (COVID-19).
UnionBank rolls out cryptocurrency ATM
UNIONBANK OF THE Philippines, Inc. unveiled the first cryptocurrency automated teller machine (ATM) in the Philippines, allowing customers to exchange digital units for cash.
Peso surges to 3-year high on Duterte speech
THE PESO rallied to its best close against the greenback in more than three years following the State of the Nation Address (SONA) of President Rodrigo R. Duterte, which outlined some measures to support economic recovery amid the pandemic.