Peso rebounds as focus turns to BSP review
THE PESO recovered against the dollar on Tuesday as the market expects the Bangko Sentral ng Pilipinas (BSP) to pause its easing cycle against...
PHL banks face moderate risk from corporate segment amid global uncertainty
PHILIPPINE BANKS face moderate risk from their exposure to corporates as the uncertain global macroeconomic environment could affect businesses’ capacity to repay their debt,...
HitPay teams up with Ingenico to roll out payment system for SMEs
HITPAY Payment Solutions, Inc. has partnered with financial technology company Ingenico to launch an all-in-one system that will allow small and medium enterprises (SMEs)...
Private credit pivots from ‘risky’ West to emerging markets
LONDON/NEW YORK — An intricate series of pipes off Angola’s Atlantic coast snakes toward a new fuel refinery that signals the country’s push for...
T-bill yields correct higher before inflation data
THE GOVERNMENT made a full award of the Treasury bills (T-bills) it offered on Monday even as yields corrected higher amid broad market volatility...
PHL eyes 10% foreign participation in bond market
THE PHILIPPINES wants to increase foreign participation in the domestic bond market to 10% by next year, with its possible inclusion in JPMorgan Chase...
Peso plunges to 8-month low on Japan policy bets
THE PESO plunged to more than an eight-month low on Monday to track the broad decline of Asian currencies against the dollar due to...
Benign inflation gives BSP policy room to support growth — Nomura
THE BANGKO SENTRAL ng Pilipinas (BSP) may deliver a fourth straight 25-basis-point (bp) rate cut on Thursday to give the economy a boost as...
PDIC proposes revised guidelines for reconsideration of denied deposit insurance claims
THE PHILIPPINE Deposit Insurance Corp. (PDIC) is looking to revise the guidelines covering reconsideration requests for denied claims to make the process more efficient.
“The...
Supreme Court voids property foreclosure over unfair loan rate
THE Supreme Court (SC) has nullified the foreclosure of properties linked to a P16-million loan, ruling that the interest rate imposed by United Coconut...
IC allows Intra Strata to resume business
THE INSURANCE COMMISSION (IC) has allowed nonlife insurer Intra Strata Assurance Corp. (ISAC) to resume its normal operations as it has been released from...
Former BPI president and CEO Xavier Loinaz passes away
VETERAN BANKER and former Bank of the Philippine Islands (BPI) President and Chief Executive Officer (CEO) Xavier P. Loinaz died on Oct. 4, the...