Term deposit rates drop as market eyes BSP move
THE BANGKO SENTRAL ng Pilipinas’ (BSP) seven-day term deposits fetched a lower average rate on Wednesday as the offer was oversubscribed, with below-target November...
Peso edges up before Fed, BSP decisions
THE PESO inched up against the dollar on Wednesday as investors await the policy decisions of the US Federal Reserve and the Bangko Sentral...
BSP, SEC ink deal on PERA data sharing
THE BANGKO SENTRAL ng Pilipinas (BSP) has signed a memorandum of agreement (MoA) with the Securities and Exchange Commission (SEC) to exchange and manage...
BPI taps Savers Depot as agency banking partner
BANK of the Philippine Islands (BPI) has tapped retail chain Savers Depot to help expand its presence in Visayas and Mindanao via agency banking,...
US bank executives say AI will boost productivity, cut jobs
NEW YORK — US banks including JPMorgan Chase and Wells Fargo said artificial intelligence will boost productivity at their companies and likely cause job...
T-bill yields fall below 5% as market anticipates rate cuts
THE GOVERNMENT made a full award of the Treasury bills (T-bills) it auctioned off on Tuesday as all tenors fetched average yields below 5%,...
Banks’ loans to MSMEs rise as of Sept.
PHILIPPINE BANKS extended more loans to micro, small and medium enterprises (MSMEs) at end-September.
Banks’ loans to MSMEs amounted to P536.51 billion at end-September, up...
BIS raises concerns of gold and stocks double bubble
LONDON — The combination of gold and share prices soaring in unison is a phenomenon not seen in at least half a century and...
T-bill yields may decline further with BSP, Fed likely to cut rates
YIELDS on the Treasury bills (T-bills) to be offered this week could end lower ahead of expected rate cuts from both the US Federal...
Robinhood to enter Indonesia with brokerage, crypto trader acquisition
ROBINHOOD MARKETS will acquire Indonesian brokerage firm Buana Capital Sekuritas and licensed digital asset trader Pedagang Aset Kripto, marking the retail trading platform’s entry...
Sun Life Philippines targets to stay as top life insurer as it invests in...
SUN LIFE of Canada (Philippines), Inc. (Sun Life Philippines) targets to keep its spot as the top life insurer in the country despite weakening...
Peso may be range-bound as market eyes Fed, BSP reviews
THE PESO is expected to move sideways against the dollar this week ahead of expected rate cuts by both the US Federal Reserve and...