Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
204 articles from BusinessWorld Banking
Yields end higher as data support BSP hike bets
YIELDS on government securities (GS) climbed across the board last week after faster-than-expected September inflation supported expectations that the Bangko Sentral ng Pilipinas (BSP) would keep its policy stance tight.
Read more →BSP bills’ yield climbs despite oversubscription
THE AVERAGE YIELD on the Bangko Sentral ng Pilipinas’ (BSP) short-term securities climbed anew on Friday even after…
Read more →Bond market about to get uglier as yields rise
NEW YORK — It is white-knuckle time in the bond market. US Treasury yields have risen sharply since…
Read more →BofA sees more BSP rate hikes ahead as inflation stays elevated
THE BANGKO SENTRAL ng Pilipinas (BSP) may continue to tighten its monetary policy stance as inflation continues to run hot, even as the Philippine economy could stay sluggish until next year, according to the Bank of America (BofA).
Read more →Peso plunges to new all-time-low close on contagion, oil supply fears
THE PESO plunged to a new all-time low against the dollar on Thursday as investors flocked to safety…
Read more →Gilbert Dee exits Chinabank board after 57 years
CHINA BANKING CORP.’s (Chinabank) Gilbert U. Dee has exited the bank’s board after nearly 60 years and has…
Read more →PNB partners with Luna Securities to widen access to PERA products
PHILIPPINE NATIONAL Bank (PNB), through its trust group, has partnered with Luna Securities, Inc. to boost the distribution…
Read more →Give us a reason to keep building
There are moments when the economic numbers merely confirm what people already feel. I think we are in…
Read more →TDF rate slips as market weighs Fed, BSP tightening prospects
THE BANGKO SENTRAL ng Pilipinas’ (BSP) one-week term deposits fetched a lower average yield for the first time…
Read more →BPI Wealth expects strong growth in AUMs
THE TRUST subsidiary of Bank of the Philippine Islands (BPI) expects to grow its assets under management (AUM)…
Read more →CIMB Bank PH says business as usual amid reports of possible sale
CIMB BANK Philippines continues to operate its business as usual amid reports of its parent company exploring the…
Read more →Peso inches higher vs dollar on Fed pause bets
THE PESO edged higher against the dollar on Wednesday amid easing expectations of a rate hike by the…
Read more →Vietnam’s banks tap investors for $7 billion as economy runs red hot
HANOI — Vietnamese banks are planning nearly $7 billion in share sales as the country’s fast-growing economy fuels…
Read more →Peso sinks as euro zone woes, inflation fears dent sentiment
THE PESO sank further versus the dollar on Tuesday as players flocked to safer assets amid France’s fiscal…
Read more →Revolut looks to enter PHL digital bank sector
BRITISH financial technology (fintech) company Revolut plans to expand in the Philippines to offer digital banking and electronic…
Read more →BoJ may signal underlying inflation has hit 2% goal
TOKYO — The Bank of Japan (BoJ) may signal this month that underlying inflation has roughly hit its…
Read more →BDO launches self-service forex machine at NAIA T3
BDO UNIBANK, Inc. has introduced a self-service Currency Exchange Machine at Ninoy Aquino International Airport Terminal 3 (NAIA…
Read more →Security Bank taps Noage International for health benefits for its wealth clients
SECURITY BANK Corp. has partnered with Japan-based Noage International, Inc. to expand medical tourism offerings for their affluent…
Read more →Yields on short-term securities end higher before inflation data
THE GOVERNMENT made a partial award of the short-term bills it offered on Monday with higher yields, with…
Read more →Asia-Pacific consumers open to using stablecoins for everyday transactions
ALMOST half of consumers in the Asia-Pacific are open to using stablecoins in the next five years, with…
Read more →Peso drops vs dollar on France’s political woes
THE PESO depreciated against the dollar on Monday amid broad risk-off sentiment on worries over political issues in…
Read more →Singlife Philippines appoints new CEO
SINGLIFE Philippines, Inc. has appointed Allen Alexander P. Reyes as its new chief executive officer (CEO), it announced…
Read more →Rates of short-term bills likely to edge higher before CPI data
RATES of the short-term debt on offer this week are expected to climb as headline inflation likely picked…
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