Peso closes at highs after lockdown announcement

The peso rebounded against the dollar Friday and strengthened past the P50-to-the-dollar level, with investors viewing the impact of the upcoming lockdown in Metro Manila as depressing demand for dollars.  The peso closed at...

China Bank’s net income up 39% in first semester

CHINA BANKING CORP. (China Bank) saw its net income climb 39% in the first half on the back of the strong performance of its core businesses.

Sustainable finance crucial as climate crisis worsens, BSP says

THE BANGKO SENTRAL ng Pilipinas (BSP) stressed the need to boost sustainable financing amid growing concerns on the impact of climate change on banks’ operations. 

AMLC issues delisting, unfreezing regulations

THE ANTI-MONEY Laundering Council (AMLC) has released the procedures for delisting and unfreezing of designated persons related to proliferation financing of North Korea and Iran as it seeks to prove progress in implementing regulations ahead of the country’s September report to the Financial Action Task Force (FATF) after its inclusion in its “gray list.”

Sun Life Philippines establishes trust company

SUN LIFE of Canada (Philippines), Inc. has established its trust unit called Sun Life Investment Management and Trust Corp. (SLIMTC), which will focus on targeting institutional investors, including state pension funds.

Strategic planning during COVID-19

The season of strategic planning has started. The CEO along with his/her executives will again put on their planning hats to chart the future of their organizations. The difference nowadays, just like last year, is that this critical activity will be done with limited physical interactions, if not, virtually.

Peso climbs on quarantine measures, dovish Fed

THE PESO appreciated versus the greenback on Thursday as the government kept Metro Manila under general community quarantine (GCQ) and after the US Federal Reserve said it will continue to support the world’s largest economy.

Yields on term deposits mixed on concerns over Delta variant

YIELDS ON THE central bank’s term deposits were mixed on Wednesday, with investors preferring safe assets due to escalating concerns over the impact of the Delta variant and a possible tightening of restrictions on the economy.

Filipinos less open to digital payments vs regional peers

MORE THAN three-fourths of Filipino consumers are open to tapping digital payments, but they remain more reluctant compared to those in other Southeast Asian countries, a study showed.

BSP tells lenders to stop transacting with LYKA

THE BANGKO SENTRAL ng Pilipinas (BSP) told banks and other financial institutions to stop making transactions with the social media platform LYKA as it remains unregistered as an operator of payment system (OPS).