Nasdaq seeks to extend trading hours as Wall Street gears up for 24/7 move
NEW YORK — Nasdaq, one of the world’s largest exchanges that is home to tech companies Nvidia, Apple and Amazon, is planning to submit...
Peso climbs to two-week high
THE PESO surged to a two-week high against the dollar on Tuesday amid a decline in global oil prices.
The local unit climbed by 32...
Financial system resources grow to P35.3 trillion
THE TOTAL RESOURCES of the Philippines’ financial system climbed to over P35 trillion as of October, preliminary data from the Bangko Sentral ng Pilipinas...
Indonesia’s central bank keeps rates steady, focuses on rupiah’s stability
JAKARTA — Indonesia’s central bank held its policy rates unchanged for a third straight meeting on Wednesday, maintaining its focus on supporting the rupiah...
More rate cuts could reignite inflation, hurt US Fed’s credibility, Bostic says
WASHINGTON — Further interest rate cuts could put US monetary policy on an accommodative footing that stimulates economic growth and puts the country at...
Peso slips on lack of leads
THE PESO slipped against the dollar on Wednesday amid a lack of catalysts and as oil prices moved up on supply concerns.
The local unit...
PNB, Discovery Capital Finance ink partnership to boost SME lending
PHILIPPINE National Bank (PNB) has partnered with Discovery Capital Finance Corp. (DCFC) for a loan facility to boost financing for small and medium enterprises...
Yields on seven-day deposits drop further after Fed, BSP cuts
YIELD on the Bangko Sentral ng Pilipinas’ (BSP) seven-day term deposits fell on Wednesday as the offer was met with strong demand following cuts...
BSP to deepen domestic money market amid financial integration
THE BANGKO SENTRAL ng Pilipinas (BSP) is working to strengthen the domestic capital market and promote cross-border payments as financial markets become more integrated.
“The...
Sun Life Grepa offers new insurance plan
SUN LIFE Grepa Financial, Inc. has launched a new life insurance product that allows customers to tap various investment funds.
The Sun Grepa EasyLink Protect...
Justice Reform Initiative: celebrating a decade of resolve
By EJ Qua Hiansen
This year marks the 10th anniversary of the Justice Reform Initiative (JRI), a milestone that allows us to reflect on a decade of dedicated...
IC lifts stop order again MEDOcare Health Systems
THE Insurance Commission (IC) has lifted the cease-and-desist order it issued against health maintenance organization (HMO) MEDOcare Health Systems, Inc. (MHSI), allowing it to...