Category: Business Insider
The SME finance gap during the pandemic
The DTI MSME Development Plan accomplishment report has very revealing data on MSME access to credit from formal financial institutions. Recall that in 2008, Republic…
Xendit Philippines looking to expand product offerings
XENDIT PHILIPPINES is looking to introduce more services, such as business-to-business loans and data products, after it raised $150 million from a new funding round….
World Bank names new vice-president for East Asia and the Pacific
REUTERS THE WORLD BANK has appointed economist Manuela V. Ferro as its vice president for East Asia and the Pacific to oversee the lender’s operations…
LANDBANK OKs P2.3B in loans for acquisition of 1,093 PUVs
STATE-RUN Land Bank of the Philippines (LANDBANK) on Thursday said it approved P2.32 billion in loans as of August for the purchase of 1,093 modern…
Peso down on weak US factory production
THE PESO declined against the greenback on Thursday on weak US industrial production and cautious trading ahead of the release of US jobless claims data….
Yields on term deposits decline as US inflation slows in August
YIELDS on the central bank’s term deposits slipped on Wednesday on softer US inflation last month. Total bids for the term deposit facility (TDF) of…
Central bank requires payment systems to comply with international standards
THE CENTRAL BANK is requiring designated payment systems and their participants to comply with the Principles for Financial Market Infrastructures (PFMI) to help ensure their…
BSP remits P15B in dividends to gov’t
THE CENTRAL BANK remitted P15 billion in advanced dividends to give the government liquidity amid the prolonged crisis. “Extraordinary liquidity measures were undertaken. These include…
Peso rises after gov’t RDB sale, US CPI report
THE PESO strengthened versus the greenback on Wednesday after the government’s maiden sale of retail dollar bonds and softer US inflation in August. The local…
Gov’t makes full award of bonds at higher rate on rising inflation
THE GOVERNMENT made a full award of the reissued Treasury bonds (T-bonds) it offered on Tuesday even as its average rate spiked on elevated inflation…
IC allows insurers to invest in more offshore instruments, derivatives
BW FILE PHOTO THE INSURANCE Commission (IC) has opened more investment channels for local insurers to diversify their portfolio, allowing them to tap foreign currency-denominated…
BSP backs bill on cooperative banks
BW FILE PHOTO THE CENTRAL BANK is supporting a proposed measure that will improve the membership rules in the cooperatives industry and streamline conflicting regulations…
Peso climbs vs dollar on higher GIR
THE PESO strengthened versus the greenback on Tuesday as the country’s dollar buffers rose as of August and on expectations of softer US inflation. The…
Gov’t fully awards T-bills as rates move sideways
THE GOVERNMENT made a full award of its offer of Treasury bills. — BW FILE PHOTO THE GOVERNMENT made a full award of the Treasury…
Deutsche Bank expands debt products with green repo
REUTERS DEUTSCHE BANK AG has just completed its first green repurchase agreement (repo), marking another foray into a world of increasingly complex environmental, social and…
Peso retreats on higher oil prices
THE PESO dropped versus the dollar due to higher oil prices. — BW FILE PHOTO THE PESO weakened versus the greenback on Monday due to…
Rates of Treasury bills, bonds seen mixed on inflation data
YIELDS on government securities on offer this week will likely end mixed as the market prices in faster-than-expected inflation in August. The Bureau of the…
BSP looking to set rules on joint accounts
BW FILE PHOTO THE BANGKO SENTRAL ng Pilipinas (BSP) is looking to set detailed rules on joint deposit accounts, which include allowing electronic signatures and…
SC dismisses cases against BankWise officers
THE SUPREME COURT (SC) has granted the petition of two officers of BankWise, Inc. to dismiss cases filed against them by the Bangko Sentral ng…
Peso may climb versus dollar on remittance data
PHILIPPINE STAR/ KRIZ JOHN ROSALES THE PESO may appreciate versus the dollar this week on expectations of strong remittance data and amid cautious sentiment due…