BSP’s net income drops by 17.8% in the first half
THE BANGKO SENTRAL ng Pilipinas’ (BSP) net profit dropped by 17.8% in the first half due to lower revenues.
The central bank’s net income declined...
Peso down on safe-haven dollar demand
THE PESO sank on Tuesday as concerns over the health of the French economy drove safe-haven demand for the dollar.
The local unit closed at...
PHL growth may settle at low end of gov’t goal due to trade risks
PHILIPPINE economic growth may settle at the low end of the government’s target this year due to global trade risks, the central bank said.
“Domestic...
Bank of England’s Bailey says AI can help regulators to find the ‘smoking gun’
Bank of England Governor Andrew Bailey said on Monday that he and other regulators who oversee the financial services industry should use artificial intelligence...
T-bill rates drop further on policy easing hopes
THE GOVERNMENT fully awarded the Treasury bills (T-bills) it offered on Monday as rates continued to go down across the board on expectations that...
Security Bank eyes at least P5B from bond offering
SECURITY BANK Corp. is looking to raise at least P5 billion from an offering of fixed-rate peso-denominated bonds, marking its return to the domestic...
Maya Bank to focus on underserved sectors, improving services amid growing competition
MAYA BANK, Inc. will focus on underserved sectors like small and medium enterprises (SME) and improving its product offerings and services to drive its...
Peso strengthens as market digests Fed guidance
THE PESO strengthened against the dollar on Monday as the market continued to digest the US Federal Reserve’s rate cut last week and policy...
Easing inflation, index inclusion hopes boost foreign flows into PHL gov’t bonds
SLOWING INFLATION and the country’s potential inclusion in the JPMorgan Chase & Co.’s emerging market government bond index have boosted foreign inflows into Philippine...
Asia-Pacific banks struggling to hyper-personalize — FICO
BANKS in Asia-Pacific are struggling to implement hyper-personalization strategies even as most of them already use predictive analytics as they look to deliver the...
Treasury bill, bond rates likely to decline further
RATES of the Treasury bill (T-bill) and Treasury bonds (T-bonds) to be offered this week may decline further as hopes for looser monetary conditions...
Peso may move sideways as market awaits more Fed hints
THE PESO could continue to sideways against the dollar this week as investors remain cautious as they await further policy guidance from US Federal...