December BSP cut almost certain after Q3 GDP miss
THE BANGKO SENTRAL ng Pilipinas (BSP) is almost sure to deliver a fifth straight cut next month as the third-quarter gross domestic product (GDP)...
BankCom’s third-quarter net income climbs to P884 million
BANK of Commerce (BankCom) saw its net income rise by 11.47% in the third quarter amid higher revenues.
Its net profit climbed to P884.39 million...
Bank of Japan saw growing case for near-term hike — summary
TOKYO — Bank of Japan (BoJ) policymakers saw a growing case to raise interest rates in the near term, with some calling for the...
China’s internet firms cautiously revive lending as Beijing pushes consumer loans
BEIJING/SHANGHAI — China’s internet platforms are quietly reviving consumer lending, taking Beijing’s push to make household borrowing cheaper as a signal that regulators may...
Peso up on US gov’t reopening hopes
THE PESO rebounded against the dollar on Monday on hopes that the longest US government shutdown was about to end.
The local unit closed at...
Allianz PNB Life sees 2025 net profit reaching P1 billion
ALLIANZ PNB Life Insurance, Inc. said its net profit could reach P1 billion this year, backed by its aggressive customer growth targets.
Profitability will be...
Visa rolls out debit card issuance solution for rural banks with M2P Fintech, CTBC...
VISA has collaborated with financial technology (fintech) infrastructure provider M2P Fintech and CTBC Bank (Philippines) Corp. to launch a debit card issuing solution for...
T-bills could fetch mixed rates
RATES of Treasury bills (T-bills) on offer this week could move sideways as investors amid bets on further monetary easing by the Bangko Sentral...
Peso to remain under pressure as growth slows
THE PESO could stay under pressure against the dollar this week as the market continues to react to data showing a sharp slowdown in...
Debt yields fall on BSP bets after GDP, inflation
YIELDS on government securities (GS) traded in the secondary market fell last week on expectations of more rate cuts by the Bangko Sentral ng Pilipinas (BSP) following data showing weaker economic growth and below-target inflation.
BPI’s e-wallet VYBE targets to grow user base
BANK of the Philippine Islands’ (BPI) e-wallet VYBE has partnered with self-service kiosk provider Pay&Go to offer free cash-in services as it targets to...
Benign inflation gives BSP space to cut rates
SLOWER-THAN-EXPECTED October inflation gives the Bangko Sentral ng Pilipinas (BSP) leeway to continue its easing cycle to support the economy, analysts said.
“Sub-target inflation provides...