Dollar hovers near highest in a week after hawkish Fed minutes
TOKYO - The dollar hovered near a one-week high on Thursday following its best day this month against its major peers after minutes of the last Federal Reserve...
Yields on BSP’s term deposits inch up
YIELDS on the term deposits auctioned off by the Bangko Sentral ng Pilipinas (BSP) inched higher on Wednesday, with the longer tenor going undersubscribed,...
Cap on credit card charges now up for review, BSP says
THE BANGKO SENTRAL ng Pilipinas (BSP) is likely to decide within the month if it will keep or adjust the current interest rate cap...
Country Builders Bank rebrands as Top Bank Philippines
COUNTRY Builders Bank, Inc. has changed its name to Top Bank Philippines, Inc. (A Rural Bank), it said on Wednesday.
“Our vision is clear: to...
Peso rebounds on profit taking
THE PESO appreciated against the dollar on Wednesday due to profit taking after the local unit ended at the P58 level for the first...
Gov’t partially awards T-bonds
THE GOVERNMENT made a partial award of the new Treasury bonds (T-bonds) it offered on Tuesday with a coupon rate above secondary market levels...
BSP coin machine collections reach P707.7 million
THE VALUE of coins collected by the Bangko Sentral ng Pilipinas (BSP) through its coin deposit machines (CoDMs) hit P707.7 million as of May...
Insurtech firm partners with Globe to offer cyber insurance
SWISS insurance technology (insurtech) firm discovermarket has entered the Philippine market through a partnership with Globe Telecom, Inc.
The company will launch its first insurance...
Federal Reserve policy makers still cautious on inflation, policy
US FEDERAL RESERVE officials are not ready to say inflation is heading to the central bank’s 2% target after data last week showed a...
Thailand’s new finance minister has chance to improve strained ties with central bank over...
BENGALURU — Thailand’s new finance minister has refrained from pressuring the central bank and has a chance to improve relations amid a longstanding disagreement...
Filipinos worry about falling for financial scams — study
FILIPINOS are most concerned about falling for financial scams amid the surge in real-time payments (RTP), according to a survey by global analytics software...
Visa Philippines aims to boost offshore transactions through digital platform
VISA Philippines wants to boost outbound transactions through a digital payment platform that lowers the cost and speeds up sending money offshore.
The company has...