BSP bill yields rise as demand weakens
YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) short-term securities rose on Friday after demand fell short of the central bank’s offer.
Total bids for...
Bank of Makati looks to rebalance its loan book
BANK OF MAKATI (A Savings Bank), Inc. plans to rebalance its loan portfolio this year by expanding its personal loan segment to reduce its...
Security Bank taps VeritasPay for MSME payment solutions
SECURITY BANK CORP. has partnered with VeritasPay Philippines, Inc. to expand digital payment options for its micro, small and medium enterprise (MSME) clients.
“MSMEs need...
PHL bond yields climb amid oil, war concerns
GOVERNMENT bond yields in the Philippines climbed last week as investors reacted to escalating tensions in the Middle East and weighed the implications of...
Philippine banks’ profit growth may slow on narrowing margins
PHILIPPINE BANKS’ profit growth could slow down this year as the interest rate environment normalizes and with geopolitical risks adding more uncertainty to already...
Peso down for sixth straight day on prolonged Iran conflict
THE PESO extended its losing streak against the dollar on Thursday as the conflict in the Middle East continues to rattle markets.
The local unit...
Philippines records second-lowest score among eight Asian markets in financial well-being index
THE PHILIPPINES had the second-lowest score out of eight markets in Asia in an index that aims to measure financial confidence and preparedness.
Prudential plc’s...
FINEX Sustainability Handbook
By Flor G. Tarriela
In a time when climate risks are no longer distant threats but daily realities, the FINEX Foundation Environment Committee chaired by Land Bank of...
US dollar surge since start of war on Iran unlikely to last, say FX...
BENGALURU — The US dollar’s bounceback since the start of the US-Israel war with Iran may be short-lived due to lingering doubts about the...
Seven-day term deposits fetch lower average rate
THE BANGKO SENTRAL ng Pilipinas’ (BSP) seven-day term deposits fetched a slightly lower average yield on Wednesday as the market expects that headline inflation...
Metrobank plans sustainability bond offer
METROPOLITAN Bank & Trust Co. (Metrobank) wants to raise at least P5 billion from its first issuance of ASEAN Sustainability fixed-rate notes that would...
Salmon Bank gets P400-M capital boost from parent
SALMON BANK (Rural Bank), Inc. has received P400 million in fresh capital from its parent company Salmon Group Ltd to support its continued asset...