RCBC launches FlexiLite auto loan product
RIZAL Commercial Banking Corp. (RCBC) has launched a new auto loan product with cheaper and more flexible payment options, it said on Wednesday.
“The RCBC...
PHL cross-border transaction market grows amid increasing digitalization
THE PHILIPPINES’ cross-border money movement market has a “market opportunity” worth $264 billion amid the rise in digital transactions, Visa Philippines said.
“The number that...
Gov’t makes full award of reissued 20-year bonds
THE GOVERNMENT made a full award of the reissued 20-year Treasury bonds (T-bonds) it offered on Tuesday at an average rate lower than the...
More data sources to improve property price index, IMF says
EXPANDING DATA SOURCES will help improve the Bangko Sentral ng Pilipinas’ (BSP) Residential Real Estate Price Index (RREPI) and its coverage of the property...
Federal Reserve may be on the cusp of emerging from ‘elevated’ inflation blues
WASHINGTON — In September 2021, after absorbing three months of price hikes that were more than double the US Federal Reserve’s 2% target, US...
Filipinos want ‘frictionless’ banking experience, survey shows
FILIPINO CONSUMERS have a “low tolerance” for inefficient processes when using financial services or applying for new products, a survey by analytics software firm...
BNPL seen contributing more to digital economy
THE BUY NOW, PAY LATER (BNPL) market is expected to contribute 6.7% in gross merchandise value (GMV) to the Philippine digital economy this year,...
Peso weakens on rate cut talk
THE PESO weakened against the dollar on Tuesday after the Finance chief reiterated that the Bangko Sentral ng Pilipinas (BSP) would cut benchmark interest...
Gov’t fully awards T-bills amid robust demand
THE GOVERNMENT made a full award of the Treasury bills (T-bills) it offered on Monday even as rates continued to inch up as it...
GoTyme Bank expects deposits to reach P20B
GOTYME BANK expects its deposits to hit over P20 billion by yearend as it plans to launch more loan products and add more kiosks,...
MB prohibits Bohol cooperative bank from operating
THE MONETARY BOARD (MB) has banned a cooperative bank in Bohol from doing business, the Bangko Sentral ng Pilipinas (BSP) said.
In a circular letter,...
Peso drops on market caution after Biden decision
THE PESO declined against the dollar on Monday as market players chose to stay cautious after US President Joseph R. Biden, Jr. withdrew from...