Basic deposit accounts grow to 24.2M in 2023
BASIC deposit accounts (BDAs) in the country rose to 24.2 million at end-2023, data from the Bangko Sentral ng Pilipinas (BSP) showed.
The number of...
Pru Life UK launches insurance product offering guaranteed annual payouts
PRU Life Insurance Corporation of UK (Pru Life UK) has launched a traditional insurance product that provides a guaranteed annual payout and family protection.
PRULifetime...
Peso gains on US consumer inflation data
THE PESO rose against the dollar on Thursday following the release of May US consumer price index (CPI) data overnight.
The local unit closed at...
Bears firm up bets on Asian currencies as US rate cuts remain elusive: Reuters...
ANALYSTS have solidified their bearish positions on most Asian currencies as higher-for-longer US interest rates and a resilient dollar are likely to continue to...
Bank assets rise to P25.48 trillion at end-April
THE PHILIPPINE BANKING sector’s total assets climbed by 12% year on year at end-April, driven by an increase in loans, according to preliminary data...
Pru Life UK targets steady customer growth this year
PRU Life Insurance Corporation of UK (Pru Life UK) targets to post double-digit growth in its customer base this year as the company looks...
UBS market strength puts Swiss finance experts, industry on edge
ZURICH — UBS’s takeover of Credit Suisse has fed a creeping anxiety that Swiss companies will pay a price for the enlarged bank’s outsize...
Thai central bank holds rate despite calls for cut
BANGKOK — Thailand’s central bank left its key interest rate unchanged for a fourth straight meeting on Wednesday, as widely expected, despite public calls...
BTr partially awards bonds on hawkish Fed bets
THE GOVERNMENT made a partial award of the Treasury bonds (T-bonds) it offered on Tuesday at a higher average rate than secondary market levels...
UBX partners with MediCard to streamline payment collection
UNION BANK of the Philippines, Inc.’s (UnionBank) open finance platform UBX has partnered with MediCard Philippines, Inc. (MediCard) for payment collection, it said on...
MB orders closure of rural bank, revokes money changer’s license
THE BANGKO SENTRAL ng Pilipinas’ (BSP) policy-setting body has banned a rural bank from doing business in the country.
In a circular letter dated June...
Peso rebounds vs dollar before Fed meet, US CPI
THE PESO rebounded against the dollar on Tuesday on expectations of slower May US consumer inflation and ahead of the US Federal Reserve’s policy...