Credit to MSMEs, consumers may cause NPLs to rise amid crisis
BANKS' LENDING to small businesses and consumers are seen causing an uptick in soured loans amid the coronavirus crisis, S&P Global Ratings said.
“We expect...
IC issues rules on use of insurtechs’ regulatory sandbox
THE Insurance Commission (IC) issued guidelines on the adoption of a regulatory sandbox framework, requiring insurance technology (insurtech) firms to secure approval from the...
DBP scaling down expansion plans to invest in digitalization
STATE-RUN Development Bank of the Philippines (DBP) will scale down its expansion plans as it looks to invest in digitalization and tap more financial...
Peso strengthens on positive data
THE PESO strengthened against the greenback on Friday due to the improvement in the country’s external debt levels as well as the grim outlook...
Wirecard’s $2.1-billion hole deepens after forgery claim
Wirecard AG shares continued their free-fall after the two Asian banks that were supposed to be holding $2.1 billion of missing cash denied any...
BPI plans bond issuance to help MSMEs
BANK OF THE Philippine Islands (BPI) is eyeing to issue COVID Action Response Bonds (CARE Bonds) for financing for eligible micro-, small-, and medium-sized enterprises (MSMEs) hit by the pandemic.
RCBC to tap bond market anew
RIZAL COMMERCIAL Banking Corp. (RCBC) is looking to tap the bond market for the second time this year following its April issuance.
Growth of non-banks’ domestic claims eases in Q4
DOMESTIC CLAIMS of non-banks in the last quarter of the 2019 grew at a slower pace, the Bangko Sentral ng Pilipinas (BSP) said.
Is your board future ready?
By Flor G. Tarriela
Running a business in Asia, says Sunil Puri, Senior Director of Center for Creative Leadership, is like driving a car at top speed on a poorly lit street at night, with a visibility of just 200 meters. The driver is the CEO and the board directors are the navigators of the trip.
Peso declines on geopolitical tensions
THE peso weakened on Thursday as the market reacted to rising geopolitical tensions in major economies, such as the border clash between China and India.
TDF yields dip as demand soars
YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) term deposit facility (TDF) dipped anew amid higher bids as liquidity improved.
Upskilling needed as pandemic changes operating environment
UPSKILLING will be necessary for bankers in transitioning to the “new normal” as digitalization and online transactions gain traction, an official from UnionBank of the Philippines, Inc. said.