Category: Business Insider
UnionBank sets sights on mass market, small firms
UNIONBANK of the Philippines Inc. is looking to expand its client base to include more micro-, small-, and medium-sized (MSMEs) enterprises as these firms move…
Peso sinks to weakest close in 3 months
THE PESO weakened further against the greenback on Wednesday on risk-off sentiment following the stock market’s decline and amid concerns over rising commodity prices. The…
Bitcoin tops $50,000 as it wins more mainstream acceptance
Mainstream moves could help bitcoin become a widespread means of payment–having so far failed to achieve large-scale adoption–and in turn bolster prices. Image via Onov3056/CC…
Philippines, US ink P39-M grant for BIR modernization program
THE PHILIPPINE government signed on Tuesday a $809,450 or P39-million grant from the United States that will support the modernization program of the Bureau of…
LANDBANK launches P2-billion credit facility to help fishing operators acquire boats, vessels
STATE-RUN Land Bank of the Philippines (LANDBANK) has launched a new credit facility worth P2 billion to help existing and potential commercial fishing operators acquire…
RBA says monetary support is still needed
REUTERS AUSTRALIA’S central bank expects “very significant” monetary support will be needed for some time as it’ll take years to meet its inflation and unemployment…
Peso drops to P48:$1 level as oil prices climb
THE PESO returned to the P48-per-dollar level on Tuesday amid rising oil prices and bargain hunting by investors. The local unit closed at P48.25 versus…
Would ‘COVID loans’ be a more affordable and sustainable way to support national economies?
STOCK PHOTO Faced with a COVID-19 pandemic of unknown severity and duration, governments around the world are looking for effective and sustainable ways to maintain…
EXPLAINER | Bitcoin’s mainstream charge raises stakes for central bank digital cash
By Tom Wilson FREEPIK.COM LONDON – As cryptocurrencies increasingly go mainstream, pressure is growing on the world’s biggest central banks to move forward…
Dollar in doldrums as recovery optimism thrives
By Tom Westbrook STOCK PHOTO SINGAPORE – The U.S. dollar fell to a three-week low on Tuesday, sterling hit an almost three-year high…
Gov’t upsizes T-bill award as rates decline further
THE GOVERNMENT Hiked its award of Treasury bills on Monday as rates continued to drop on the back of strong demand from investors looking for…
BSP bills undersubscribed on RTBs
BW FILE PHOTO THE CENTRAL BANK sold P99.05 billion in one-month securities on Monday, below its program due to the government’s ongoing offer of retail…
Peso climbs as gov’t eases restrictions
THE PESO started the week a tad stronger than the greenback as the economy reopens further and amid the ongoing sale of retail Treasury bonds…
Rates of T-bills to move sideways on RTB
BUREAU of the Treasury headquarters in Intramuros, Manila — BW FILE PHOTO THE RATES of Treasury bills (T-bills) to be auctioned off on Monday will…
LANDBANK books lower net income
BW FILE PHOTO STATE-RUN Land Bank of the Philippines (LANDBANK) saw a 7.57% drop in its net income last year amid the economic downturn caused…
Yields on gov’t debt rise on inflation
YIELDS ON government securities (GS) went up last week as inflation continued to pick up to reach a two-year high in January. GS yields, which…
Peso to extend gains vs dollar on BSP decision
BW FILE PHOTO THE PESO will likely strengthen versus the dollar this week on the expected arrival of the vaccines in the country and following…
PHL needs to prove measures vs money laundering boosted guard
BW FILE PHOTO THE PHILIPPINES has to prove its revised anti-money laundering and terrorism financing measures boosted safeguards and ensure it does not go back…
Robinsons Bank, Pru Life extend bancassurance deal
ROBINSONS BANK Corp. and Pru Life UK have renewed their bancassurance partnership amid an increase in demand for insurance products due to the coronavirus pandemic….
Cua files bill seeking to lift bank secrecy
BW FILE PHOTO A LAWMAKER is pushing amendments to the Bank Secrecy Law to lift certain provisions to prevent criminal activities by giving the regulator…