Category: Business Insider
BSP raises P100 billion from 28-day bill issue
The central bank awarded in full the 28-day bill issue on offer Friday, with rates falling from the previous auction amid ample liquidity. The Bangko…
Peso weakens on rise in new COVID cases
The peso weakened against the dollar Friday on the sustained increase in the daily tally of new coronavirus cases. The currency closed at P48.085 to…
Smaller banks may face threat from new fintech mart entrants
FINANCIAL PLAYERS backed by large firms or with an established presence looking to enter the Philippine market are expected to thrive and could pose a…
Banks maintain stricter lending standards
MOST BANKS maintained strict lending standards last quarter and expect to continue to do so in the coming months due to sustained worries amid the…
Bayad Center rebrands as it ramps up online presence
BILLS PAYMENT firm CIS Bayad Center, Inc. had rebranded to Bayad as it boosts its digital presence. “Expect a bigger Bayad as we continue to…
Inflation concerns for ordinary savers
Prices of goods, services and assets must be corrected for the effects of inflation in order to make meaningful economic comparisons over time. To correct…
Peso climbs on hopes of policy changes in US
THE PESO appreciated against the greenback on Thursday supported by hopes of substantial policy changes in the United States under a new administration. The local…
TDF yields ease as BSP says it will continue lending to gov’t
YIELDS ON term deposits auctioned off by the Bangko Sentral ng Pilipinas (BSP) on Wednesday continued to fetch lower yields as the central bank signaled…
Central bank looking to tighten its watch on lenders’ ownership
THE BANGKO SENTRAL ng Pilipinas (BSP) is looking to bring down the threshold for the transfer of shares of stocks that needs its approval to…
BPI to absorb thrift unit
BANK OF THE Philippine Islands is looking to absorb its thrift unit BPI Family Savings Bank (BFSB) within the year, the listed bank said on…
UnionBank eyeing digital bank license
UNIONBANK of the Philippines, Inc. is looking to join the online banking landscape as it looks to move forward with its digitization. “I believe [we…
BSP chief discharged from hospital
BANGKO SENTRAL ng Pilipinas (BSP) Governor Benjamin E. Diokno has been discharged from the hospital after undergoing a medical procedure on Sunday. “The governor is…
Hacking of a senator’s card ‘immediately’ attended to
UNIONBANK of the Philippines, Inc. on Wednesday said they “immediately acted accordingly” to attend to the hacking incident involving a P1-million purchase using Senator Sherwin…
Peso climbs as focus turns to US leadership change
THE PESO strengthened against the greenback on Wednesday on investor optimism hours ahead of the formal transition to the presidency of Joseph R. Biden, Jr….
Gov’t makes full award of Treasury bonds
THE GOVERNMENT fully awarded the Treasury bonds (T-bonds) it offered on Tuesday as rates dropped amid strong investor demand. The Bureau of the Treasury (BTr)…
UnionBank launches app for MSMEs
UNIONBANK of the Philippines, Inc. unveiled a one-stop app for micro-, small-, and medium-sized enterprises (MSMEs) where they can manage their financial operations digitally as…
Peso inches lower as market eyes US policy
THE PESO slipped further against the dollar on Tuesday as investors stayed on the sidelines ahead of the inauguration of the incoming president of the…
Gov’t hikes T-bill award
THE GOVERNMENT upsized the volume of Treasury bills (T-bills) it awarded on Monday and opened the tap facility again as strong demand persisted, causing yields…
Security Bank plans to open seven branches this year
SECURITY BANK Corp. is planning to open at least seven new branches across the country this year after adding four offices to its network in…
BSP launches commemorative Lapu-Lapu banknote, medal
1 of 2 PHOTO CREDIT: BANGKO SENTRAL NG PILIPINAS PHOTO CREDIT: BANGKO SENTRAL NG PILIPINAS THE CENTRAL BANK on Monday launched a commemorative, non-circulation P5,000…