Category: Business Insider
Yields on BSP term deposits dip after monetary tightening pause
BW FILE PHOTO By Keisha B. Ta-asan, Reporter YIELDS on the Philippine central bank’s term deposits on Wednesday fell after a monetary tightening pause last…
Mocasa to partner with credit bureau
CREDIT line provider Mocasa on Wednesday said it is looking to partner with the Credit Information Corp. (CIC) to boost financial inclusion. The partnership with…
Landbank chief to draw from rich global experience to lift bank
LAND BANK of the Philippines (LANDBANK) President Lynette V. Ortiz on Wednesday vowed to bring in a fresh perspective into the state-owned lender, drawn from…
Peso down on lack of progress in US debt ceiling discussions
BW FILE PHOTO By Aaron Michael C. Sy, Reporter THE PESO weakened on Wednesday due to the lack of progress in US debt ceiling talks,…
Gov’t fully awards reissued bonds
BW FILE PHOTO THE GOVERNMENT made a full award of the reissued seven-year Treasury bonds (T-bonds) it auctioned off on Tuesday at a lower average…
MSME loans used as reserve compliance reach P263B in 2022
BANKS lent P263.1 billion to micro, small, and medium enterprises (MSMEs) as alternative compliance with reserve requirements as of December 2022, the Bangko Sentral ng…
Peso inches up on Fitch move
BW FILE PHOTO THE PESO strengthened against the dollar on Tuesday after Fitch Ratings affirmed its “BBB” rating for the Philippines and revised its outlook…
Government fully awards T-bills
THE GOVERNMENT made a full award of the Treasury bills (T-bills) it auctioned off on Monday as rates fell across all tenors after the Bangko…
SSS taps BPI Wealth to manage P2.5B in funds
BW FILE PHOTO BANK of the Philippine Islands’ (BPI) asset and wealth management arm has been tapped by the Social Security System (SSS) to manage…
Peso down vs dollar
THE PESO weakened against the dollar on Monday as discussions regarding the US debt ceiling stalled over the weekend. The local currency closed at P55.82…
T-bill, bond rates may decline after BSP decision
JUDGE FLORO RATES of Treasury bills (T-bills) and Treasury bonds (T-bonds) on offer this week could drop after the central bank kept borrowing costs on…
Gov’t debt yields go down
GOVERNMENT SECURITIES (GS) rallied last week after the Bangko Sentral ng Pilipinas (BSP) decided to keep its benchmark interest rate unchanged amid easing inflation. GS…
Peso may move sideways vs the dollar
BW FILE PHOTO THE PESO is expected to trade sideways against the dollar this week as the market awaits new catalysts. The local currency closed…
InstaPay, PESONet transactions rise at end-April
DAVID DVORACEK-UNSPLASH THE VALUE and volume of electronic fund transfers done through PESONet and InstaPay rose as of end-April from a year ago, data from…
RRR cut to boost banks’ profits, lending
THE PLANNED CUT in banks’ reserve requirement ratio (RRR) could increase banks’ profits as this would allow them to use more of their cash to…
Revisiting your mission and vision
All companies exist for a purpose and generally, mainly for profit. Companies, however, now realize that its most important assets are its people and that…
Peso rises amid US debt limit talks
BW FILE PHOTO THE PESO strengthened against the dollar on Thursday after US President Joseph R. Biden, Jr. and Republican House of Representatives Speaker Kevin…
Term deposit yields mixed ahead of BSP decision
BW FILE PHOTO YIELDS on the central bank’s term deposits ended mixed on Wednesday ahead of the Monetary Board’s policy meeting. The term deposit facility…
SC sets aside court order seeking levy on Traders Royal’s escrow
PHOTO BY MIKE GONZALEZ THE SUPREME COURT (SC) has set aside a 2005 trial court order that sought to seize an escrow fund of shuttered…
Banks equipped vs cyberattacks despite increase in fraud, phishing
PHILSTAR FILE PHOTO PHILIPPINE BANKS are better equipped to manage cyberattacks compared to lenders in other Southeast Asian countries, even with phishing and fraud incidents…