China Bank raises $150M via maiden green bond issue
CHINA Banking Corp. (China Bank) has issued $150 million in green bonds to fund climate change mitigation projects.
Small lenders not prepared for shift to digital
SMALLER BANKS in the Philippines are not ready to adopt digital technology in offering financial services due to outdated internal systems, according to an industry report, with low willingness to invest for upgrades.
IC sets rules for web aggregators
THE Insurance Commission (IC) has set new rules for the regulation and supervision of insurance web aggregators.
Ethics: Black, White (or Gray)?
By Flor G. Tarriela
IN celebration of the Golden Jubilee Year of Financial Executives Institute of the Philippines, FINEX launched an ethics book entitled Ethics: Black White (or Gray)? which gathered essays and actual cases from 50 well-known personalities from the government, banking and private sectors.
Peso weakens anew versus dollar
Peso weakens anew versus dollar
Term deposit yields decline on demand
YIELDS FETCHED for term deposits declined this week amid strong demand, with banks willing to park more funds with the central bank even for longer periods.
RCBC sees rollout of digital currency ePiso by next year
RIZAL COMMERCIAL Banking Corp. (RCBC) expects its digital currency to be fully rolled out next year, with the lender still testing the network across various communities.
After hike, Fed minutes may hint on path ahead
MARKET PARTICIPANTS have a burning question for the Federal Reserve: How high will policy makers hike interest rates before pausing for a breather?
Yuan’s narrow range helps keep riskier marts buoyant
CHINA’S YUAN has been stuck in a tight range since the nation’s financial markets reopened after a stretch of October holidays, quelling currency volatility globally and buoying risk sentiment.
Peso strengthens further vs dollar
THE PESO strengthened further on Wednesday to log a fresh one-month high, even as the dollar climbed on the back of a rebound in global equity markets.
PSBank looks to raise P8 billion via stock rights offer in Q1 2019
PHILIPPINE SAVINGS Bank (PSBank) is set to raise approximately P8 billion through a stock rights offer (SRO) next quarter to support its growth.
BSP tightens standards for savings, loan associations
THE CENTRAL BANK is tightening rules covering non-stock savings and loan associations (NSSLAs) by capping service fees and requiring risk management protocols to enhance oversight.