Category: Business Insider
Fitch sees peso trading in range around P48/dollar this year
PHILIPPINE STAR/ MIGUEL DE GUZMAN The peso is expected to trade in a narrow range during the year around the P48-to-the-dollar level before weakening in…
BSP preparing resiliency plan for rural banking industry
BW FILE PHOTO The Bangko Sentral ng Pilipinas (BSP) said it launched a Rural Banking Industry Strengthening Program to make the industry more resilient and…
Peso weakens after BSP remarks on continued easy policy
BW FILE PHOTO The peso closed weaker against the dollar Friday after the central bank assured that policy rates will remain low for as long…
BSP to support the economy for ‘as long as necessary’ — Diokno
BW FILE PHOTO THE CENTRAL BANK chief has reiterated the regulator’s commitment to support the economy for “as long as necessary” while maintaining financial stability,…
UnionBank to use AI to personalize its product offerings for customers
UNIONBANK of the Philippines, Inc. is looking to profile its customers using data science and artificial intelligence (AI) to help match them with the products…
Non-executive and independent directors
My journey as a board director started when I joined government service as Undersecretary of Finance after 28 years with Citibank. Coming from the banking…
Peso sinks as US central bank hints at higher rates by 2023
THE PESO sank further versus the greenback on Thursday after the US Federal Reserve signaled it could hike rates earlier than previously hinted. The local…
Inflation trend turns friend for outperforming Philippine bonds
Philippine bonds have been racing ahead this quarter and may soon be getting another shot of turbo power. This time from cooling inflation. The consumer-price…
Term deposit yields mixed ahead of Fed decision
YIELDS ON THE term deposits offered by the Bangko Sentral ng Pilipinas were mixed on Wednesday. — BW FILE PHOTO YIELDS ON THE central bank’s…
Peso retreats vs dollar on higher oil prices, US central bank meet
THE PESO declined versus the dollar on Wednesday due to higher oil prices and as the market waited for the US central bank’s policy decision….
Gov’t fully awards 10-year bonds as rate drops
THE GOVERNMENT fully awarded its offer of reissued 10-year Treasury bonds on Tuesday as the rate of the tenor dropped. — BW FILE PHOTO THE…
WorldRemit partners with LBC to expand locations in country
INTERNATIONAL payments company WorldRemit has partnered with Philippine-based logistics and remittance services provider LBC Express for the expansion of its remittance locations in the country,…
Peso weakens to P48-a-dollar level
THE PESO sank to the P48-a-dollar level on Tuesday on demand for the greenback as the government moved to reopen the economy further. The local…
Gov’t hikes Treasury bill award
BW FILE PHOTO THE GOVERNMENT increased the amount of Treasury bills (T-bills) it accepted on Monday as rates continued to decline across the board amid…
Bank lending to resume growth in third quarter as confidence improves
LENDING is expected to resume its growth next quarter after months of decline amid improved sentiment among lenders and borrowers as the economy gradually reopens…
BSP looking to streamline UITF rules
THE BANGKO SENTRAL ng Pilipinas (BSP) is looking to streamline the requirements for financial institutions’ creation of unit investment trust funds (UITFs). “The proposed issuance…
IC chief Funa reelected as chairperson of Asian Re
BW FILE PHOTO INSURANCE COMMISSIONER (IC) Dennis B. Funa has been reelected as the chairperson of Asian Reinsurance Corp. (Asian Re) and will hold the…
Peso down ahead of decision on quarantine measures
BW FILE PHOTO THE PESO depreciated versus the greenback on Monday ahead of the government’s decision on lockdown measures for the rest of the month….
Rates of T-bills, bonds to drop
BW FILE PHOTO THE RATES of government securities on offer this week may continue to go down on easing inflation concerns and as they track…
Gov’t debt yields decline
YIELDS ON government securities (GS) at the secondary market went down last week following the release of several key economic reports and the results of…