Peso back at P59 level on Iran deal hopes
THE PESO rose against the dollar on Tuesday, returning to the P59 level on market optimism over a potential resolution to the Middle East...
Metrobank raises P35 billion from ASEAN Sustainability Bond offering
METROPOLITAN Bank & Trust Co. (Metrobank) has raised P35 billion from the sale of sustainability debt, marking its largest peso issuance to date as...
Financial system’s resources up 9.16% at end-February
THE TOTAL RESOURCES of the Philippine financial system grew by 9.16% as of February, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed.
Resources...
Moody’s affirms Philippine banks’ ratings
MOODY’S RATINGS has affirmed the long- and short-term ratings of three Philippine banks, it said late on Monday.
The debt watcher affirmed the “Baa2/P-2” long...
BTr fully awards reissued bonds
THE GOVERNMENT made a full award of the Treasury bonds (T-bonds) it offered on Tuesday as uncertainty over the Middle East conflict boosted demand...
Philippines grants banks flexibility to extend loan payments amid energy crisis
MANILA - The Philippines will allow banks to give borrowers more time to settle their loans as part of a package of relief measures...
Uncertainty over war drags down peso
THE PESO slid back to the P60-a-dollar level on Wednesday due to uncertainty over the fate of the fragile ceasefire between the United States...
Philippine Business Bank’s 2025 net profit up 6.4%
PHILIPPINE Business Bank, Inc. (PBB) saw its 2025 net profit climb by 6.4% on higher revenues and improved asset quality.
The bank’s net income went...
Middle East war to push up Philippine banks’ credit losses, costs — S&P
PHILIPPINE BANKS could see higher credit costs as soured loans are expected to rise due to the economic fallout from the Middle East war,...
BSP approves relief measures for banks, borrowers amid war shock
THE BANGKO SENTRAL ng Pilipinas (BSP) has approved relief measures to help give both banks and borrowers financial flexibility and support continued lending activity...
Term deposit yield declines on strong demand, lower oil prices
THE CENTRAL BANK’S term deposits fetched a slightly lower average yield on Wednesday as the offer drew strong demand and with global oil prices...
SSS allocates P60 billion for financial aid, benefit support to help ease war pain
THE SOCIAL Security System (SSS) is setting aside some P60 billion in financial assistance and benefit support for its existing programs and advancing this...