Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
137 articles from BusinessWorld Banking
Peso weakens as market eyes BSP meeting
THE PESO weakened against the dollar on Monday as players took positions before the Philippine central bank’s policy meeting this week, where the market expects a third straight rate hike. The currency dropped by six centavos to close at P61.73 versus the greenback from P61.67 on Thursday, data from the Bankers Association of the Philippines’ […]
Read more →Central bank bills fetch higher yield for 10th week
THE AVERAGE YIELD on the Bangko Sentral ng Pilipinas’ (BSP) short-term securities nudged higher for the 10th week in a row on Monday, even as the offer was met with strong demand. The 28-day BSP bills fetched P32.557 billion in tenders, slightly above the P30 billion auctioned off but below the P52.315 billion in bids […]
Read more →Peso may move sideways on BSP meet, Iran woes
THE PESO may trade sideways against the dollar this week ahead of the Bangko Sentral ng Pilipinas’ (BSP) policy meeting, with continued global market volatility stemming from the Middle East conflict to weigh on sentiment. On Thursday, the currency gained 14.5 centavos to close at P61.67 versus the greenback from its P61.815 finish on Wednesday, […]
Read more →Debt yields mixed on Fed, BSP policy view
YIELDS on government debt ended mixed last week as concerns over elevated inflation at home and in the United States kept rate hike bets alive, with traders also positioning before the Philippine central bank’s policy meeting on Thursday. GS yields, which move opposite to prices, inched up by an average of 0.89 basis point (bp) […]
Read more →A Pax Silica cheat sheet for business cocktails and other occasions
Say you find yourself at a conference, industry mixer, business cocktails, or a meet-and-greet with a potential joint venture partner, and someone asks you what you think of Pax Silica. In such a situation, you want to be able to show that you know what Pax Silica is, and, gin tonic in hand, offer some […]
Read more →Own Bank appoints new president
OWN BANK, The Rural Bank of Cavite City, Inc., has appointed Don Niño Santos as its new president and chief executive officer as it looks to enhance its digital capabilities and expand financial access. Mr. Santos has more than 27 years of leadership experience across the banking, fintech, telecommunications, risk management, and regulatory compliance fields. […]
Read more →BPI partners with Whoscall developer Gogolook to protect customers from spam
BANK of the Philippine Islands (BPI) has partnered with anti-scam services provider Gogolook to help customers detect fraud attempts. Under the partnership, BPI will provide qualified clients with complimentary access to Whoscall Premium Basic, Gogolook’s caller ID and spam-blocking mobile application, for 12 months. The app lets users identify unknown callers, block spam and scam […]
Read more →Merchant payments push digital transaction growth
MERCHANT PAYMENTS continued to drive the rise of digital retail transactions in the Philippines in 2025 as more consumers and businesses adopted scan-to-pay methods, a report from the Bangko Sentral ng Pilipinas (BSP) showed. The BSP’s 2025 Report on E-Payments Measurement published Tuesday showed that person-to-merchant (P2M) payments accounted for 74.31% of total digital retail […]
Read more →BPI waives PESONet fees for corporate fund transfers via BizLink
BANK of the Philippine Islands (BPI) has waived PESONet fees for corporate fund transfers via its BizLink platform. The bank said transactions made via the Pay Non-BPI disbursement feature of BPI BizLink are now free of charge. “The fee waiver is available to both existing and new BPI BizLink corporate clients, enabling businesses to transfer […]
Read more →BankCom eyes steady margins, profitability
BANK OF COMMERCE (BankCom) will continue to focus on maintaining its profitability for the rest of the year as weak economic conditions weigh on loan demand. “We continue to focus on the borrowers that we’re familiar with, that we have information on. But as I mentioned, given where the interest rates are, we’re seeing a […]
Read more →T-bill yields mixed on BSP policy bets
THE GOVERNMENT increased the award of the Treasury bills (T-bills) it offered on Monday even as yields were mixed as it saw strong demand for government debt, and amid easing expectations of aggressive tightening by the Bangko Sentral ng Pilipinas (BSP) as growth prospects remain weak. The Bureau of the Treasury (BTr) raised P54.8 billion […]
Read more →BSP hits digital payments goal as 2025 share hits 64.7% of volume
THE BANGKO SENTRAL ng Pilipinas (BSP) hit its digital payments target last year, driven by the rapid adoption of automated clearing houses and quick response (QR) codes across the country. Based on BSP data presented during the Development Budget Coordination Committee’s briefing for the 2027 National Budget at the House of Representatives on Monday, digital […]
Read more →Visa optimistic on Apple Pay adoption in PHL
GLOBAL PAYMENTS company Visa is optimistic on the adoption of Apple Pay in the Philippines following its launch this month as more financial institutions and merchants work to integrate tap-to-pay services. “The traction is good and we’re very happy with what we’re seeing. So, we’re betting on it. I think it’s going to be successful […]
Read more →Bank lending to agriculture sector tops P3 trillion as of June
BANKS met their mandated lending quota for the agriculture sector as they disbursed over P3 trillion in loans as of June, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed. As of end-June, banks lent P3.109 trillion to the agriculture industry, reflecting 89.76% of the banking sector’s P3.464-trillion loanable funds for the period. This […]
Read more →Peso slips on BSP policy signals
THE PESO depreciated further against the dollar on Monday following less hawkish signals from the central bank. The currency weakened by 4.5 centavos to close at P61.495 versus the greenback from its P61.45 finish on Friday, data from the Bankers Association of the Philippines’ website showed. This was its lowest close in more than two […]
Read more →Debt yields end lower as data temper Fed, BSP tightening bets
YIELDS on government securities (GS) traded in the secondary market mostly fell last week as expectations for rate hikes by the US Federal Reserve and the Bangko Sentral ng Pilipinas (BSP) eased following slower US July inflation and weak Philippine second-quarter domestic growth data.
Read more →Banks’ borrowings from BSP’s discount window facility hit P60B
PHILIPPINE BANKS availed of over P60 billion in loans through the Bangko Sentral ng Pilipinas’ (BSP) discount window facility (DWF) last year, data from the regulator showed. Loans extended by the BSP to banks via the DWF reached P60.1 billion at the end of 2025, according to central bank data. This was up from 2024, […]
Read more →FinTech Alliance PH backs push to use national ID for user verification
THE FINTECH Alliance PH is backing government and regulator proposals to use the national ID for account onboarding and identity verification to help reduce cyber fraud, especially in the financial space. “FinTech Alliance.PH is definitely supporting BSP (Bangko Sentral ng Pilipinas) and other government agencies, particularly the Information and Communications Technology and Cyber Crime Investigation […]
Read more →Bank of Makati looks to ramp up asset growth
BANK OF MAKATI (A Savings Bank), Inc. is looking to push its digital shift and launch more offerings as it seeks to regain its place as the sixth-largest thrift bank in the Philippines in asset terms. “Based on our latest data…, we’re not satisfied with our ranking. In terms of assets, I think we’re just […]
Read more →Metrobank rolls out new security features on digital banking app
METROPOLITAN BANK & Trust Co. (Metrobank) has rolled out new security measures on its digital banking application to combat financial fraud and in compliance with the Anti-Financial Account Scamming Act (AFASA). Metrobank said it has updated its mobile app to integrate four new security features, namely, a 24-hour cooling-off period after a major account update, […]
Read more →SSS looks to keep income above P100B to ensure sustainability
THE SOCIAL Security System (SSS) is aiming to keep its net income above P100 billion to keep its fund life sustainable while also boosting member benefits. “I think P100 billion should be the level of income of the pension fund today because if the income increases, we have more opportunities to increase benefits. So, I […]
Read more →Pru Life UK launches insurance product with cancer coverage
PRU LIFE Insurance Corp. of UK (Pru Life UK) has launched a life insurance policy with cancer protection that also has a no-claim reward feature. The life insurer on Wednesday launched PRUCare Cancer Protect, a 10-year renewable term plan that features full coverage for late-stage cancer, 50% for early-stage cancer, and an extra 20% benefit […]
Read more →Peso rebounds vs dollar on expectations of soft US consumer inflation
THE PESO recovered against the dollar on Wednesday on expectations of softer US consumer inflation data that could further temper bets of a US Federal Reserve hike next month. The currency strengthened by eight centavos to close at P61.18 versus the greenback from its P61.26 finish on Tuesday, based on data from the Bankers Association […]
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