GSIS loan disbursements reach P413.4 billion to date

THE Government Service Insurance System (GSIS) has disbursed P413.4 billion in loans so far under its flagship lending programs, it said on Wednesday. GSIS President...

Western Union appoints new Philippine head

WESTERN UNION has appointed Ricardo Alair as its new director for the Philippines, Guam, Northern Mariana Islands and Palau. “We are thrilled to welcome Ricardo...

BSP plans guidelines to manage risks from firms’ use of models

THE BANGKO SENTRAL ng Pilipinas (BSP) plans to put in place guidelines to manage potential risks from financial institutions’ use of models for their...

Central bank rolls out enhanced credit and equity exposure reporting system

FINANCIAL INSTITUTIONS are required to submit monthly reports on their credit and equity exposures starting July as the Bangko Sentral ng Pilipinas (BSP) seeks...

BDO’s Tan is International Monetary Conference’s first Filipino president

BDO UNIBANK, Inc. President and Chief Executive Officer (CEO) Nestor V. Tan has been elected as the new president of the International Monetary Conference...

Central banks eye gold, euro and yuan as dollar dominance wanes — OMFIF

LONDON — The custodians of trillions of dollars of global central bank reserves are eyeing a move away from the greenback into gold, the...

Peso rebounds on Israel-Iran ceasefire

THE PESO rebounded against the greenback on Tuesday after Iran and Israel agreed to a ceasefire after exchanging attacks for 12 days. The local unit...

Fed’s Bowman open to cutting rates at July policy meeting

NEW YORK - Federal Reserve Vice Chair for Supervision Michelle Bowman, recently tapped by President Trump as the U.S. central bank’s top bank overseer,...

BTr partially awards Treasury bills at mixed rates

THE GOVERNMENT made a partial award of the Treasury bills (T-bills) it offered on Monday with mixed rates as risk sentiment took a hit...

Sun Life Philippines names former AF Payments exec as new president

SUN LIFE of Canada (Philippines), Inc. (Sun Life Philippines) has appointed former AF Payments, Inc. (AFPI) chief executive Jonathan Juan “JJ” D. Moreno as...

Fed may need less forward guidance in uncertain times

SAN FRANCISCO — The US central bank should consider giving less forward guidance about its monetary policy intentions, particularly in uncertain times, San Francisco...

Singapore’s money changers keep cash alive in digital financial hub

IN THE HEART of Singapore, a financial hub where billions of dollars zip around the world over computer screens in nanoseconds, there’s a crowded...