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PHL economy won’t be worse in next 12 months: Diokno

THE ECONOMY will not deteriorate further in the next 12 months as businesses are gradually resuming and with the virus better managed, Bangko...

AMLC logs 400,000 suspicious transactions so far this year

The Anti-Money Laundering Council (AMLC) on Friday said the number of suspicious transaction reports has already reached 400,000 this year, as in online fraudulent...

Rise in infections, slow economic activity to dent recovery prospects

THE CONTINUED surge in coronavirus infections will be a major barrier to economic recovery in the Philippines as consumer confidence remains low, Nomura Global...

More Filipinos using online payments for e-commerce

MORE FILIPINOS are now using digital payments for their e-commerce transactions, shifting from the previous preference for cash on delivery. “The Philippines is a cash-on-delivery...

M3 growth eases in June as demand for credit slows

MONEY SUPPLY growth slowed in June following the easing of quarantine measures and as funds went to other investment instruments. Domestic liquidity or M3, the...

PBB posts higher net income in Q2

PHILIPPINE Business Bank (PBB) posted a higher net profit in the second quarter, backed by stronger core income and trading gains. The lender’s net income...

Peso at new high even as PHL sinks into recession

THE PESO strengthened to a new three-year high versus the greenback on Thursday as investors have already priced in the economy’s contraction in the...

Peso strengthens on as Moody’s keeps country’s credit rating

THE PESO rallied against the greenback on Friday as Moody’s Investors Service affirmed the country's credit rating. The local unit closed at P49.44 per dollar...

RCBC raises P7.05 billion from bonds

RIZAL COMMERCIAL Banking Corp. (RCBC) raised P7.05 billion via its latest bond offer, which was more than twice oversubscribed. RCBC said in a statement that...

Peso strengthens on slower March inflation

THE PESO strengthened versus the greenback on Tuesday on the back of positive market sentiment on slower inflation and lower confirmed cases of the...

PHL banks to see slower loan growth, higher bad loans amid...

THE BANKING INDUSTRY may see slower loan growth and an uptick in bad loans amid the economic impact of the coronavirus disease 2019 (COVID-19), with their credit ratings also likely to take a hit along with other banks in the region, according to S&P Global Ratings.

Peso flat ahead of holidays

THE PESO closed flat against the greenback on Monday as investors stayed on the sidelines ahead of the upcoming holidays and following data showing...