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
Retail bond issue still an option despite global market volatility
THE GOVERNMENT is still looking to issue a retail Treasury bond (RTB) even as it recently canceled its…
Read more →Transactions via BSP’s gross settlement system surge in second quarter
THE BANGKO SENTRAL ng Pilipinas (BSP) saw transactions in its Peso Real-Time Gross Settlement (RTGS) system jump in…
Read more →T-bond yields climb on Middle East uncertainty
THE GOVERNMENT made a full award of the reissued Treasury bonds (T-bonds) it offered on Tuesday at higher…
Read more →India’s UPI fee shift likely to entrench dominant incumbents
MUMBAI — Walmart-backed PhonePe and Google Pay could earn hundreds of millions of dollars a year in extra…
Read more →SSS looks to max out loan disbursements
THE SOCIAL Security System (SSS) is aiming to grow its total loan portfolio to fill the amount allowed…
Read more →Security Bank eyes xPay integration for cards by 2027
SECURITY Bank Corp. targets to make its cards available on both Apple Pay and Google Pay by the…
Read more →Yields on government debt to rise as inflation worries weigh
YIELDS on government securities on offer this week may end higher as inflation concerns due to hostilities in…
Read more →Peso may be rangebound as war keeps market cautious
THE PESO is expected to continue moving within a narrow range against the dollar this week as the…
Read more →InstaPay, PESONet transfers top P22T
CASHLESS TRANSACTIONS continued to grow, with transfers made via InstaPay and PESONet amounting to over P22 trillion as…
Read more →BSP bills fetch higher average rate
THE CENTRAL BANK’S short-term securities continued to fetch a higher average yield on Friday, even as the offer was oversubscribed. The 28-day bills offered by the Bangko Sentral ng Pilipinas (BSP) fetched bids amounting to P42.668 billion, well above the P30-billion offer and the P40.815 billion in tenders for the P40 billion auctioned off in […]
Read more →The BoJ’s balancing act with Bessent will only get harder
NOBODY likes a back-seat driver. Bank of Japan (BoJ) Governor Kazuo Ueda now has two — and they…
Read more →Yield curve shifts higher on war-driven price fears
YIELDS on government securities (GS) climbed across the board last week as the ongoing conflict in the Middle East heightened inflation concerns and as the US Federal Reserve hiked rates and signaled a hawkish stance. GS yields, which move opposite to prices, climbed by an average of 17.66 basis points (bps) week on week, based […]
Read more →Singlife Philippines’ new term insurance plan now available via GCash
SINGLIFE Philippines, Inc. and GCash have launched a term insurance plan providing death and disability benefits, priced at as low as P65 a month. Singlife TermProtect, which is now available on the GCash app via GInsure, is a yearly-renewable term insurance plan for existing GCash customers with up to P1 million in total coverage via […]
Read more →US Federal Reserve raises interest rates in search of ‘timelier’ drop in inflation
WASHINGTON – The Federal Reserve raised interest rates on Wednesday and flagged more hikes in the coming months,…
Read more →Grab to buy control of Atome for $1.5 billion
GRAB Holdings Ltd. agreed to buy a majority stake in Singapore-based buy-now-pay-later platform Atome Financial for $1.49 billion,…
Read more →Peso strengthens vs dollar before Fed policy decision
THE PESO climbed further against the dollar on Wednesday as players positioned ahead of the US central bank’s…
Read more →TDF yields continue to go up as market sees further tightening
YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) term deposits rose further on Wednesday even as the offer was oversubscribed, as higher oil prices and the peso’s depreciation strengthened the case for further monetary policy tightening. Demand for the seven-day term deposit facility (TDF) reached P137.579 billion, exceeding the P120 billion placed on the auction […]
Read more →Gen Z seen as key drivers for rural digital payments adoption
Generation Z (Gen Z) consumers are major drivers of digital payment adoption growth in rural areas in the Philippines, even as older generations still rely on cash for both online and in-store purchases, according to experts. “It’s really younger that’s helping drive digital payment adoption compared to older rural consumers,” Omar Carlos, assistant vice president […]
Read more →BTr partially awards bonds as yields jump on oil price woes
THE GOVERNMENT made a partial award of the dual-tranche Treasury bonds (T-bonds) it offered on Tuesday, rejecting all…
Read more →Moody’s set to acquire minority stake in local credit rater PhilRatings
MOODY’S CORP., the holding company of global credit watcher Moody’s Ratings, is set to acquire a minority stake…
Read more →Peso rebounds after hitting P62.90 range
THE PESO rebounded slightly against the dollar on Tuesday from its latest all-time-low close, but still hit a…
Read more →Manulife Philippines appoints new chief operating officer
THE MANUFACTURERS Life Insurance Co. (Phils.), Inc. (Manulife Philippines) has appointed Erica Jurilla Santos as its new chief operating officer to help strengthen the company’s customer service and distribution. The appointment took effect on Sept. 15, the insurer said in a statement. Ms. Santos will focus on strengthening service, operational performance, digital adoption, and customer-focused […]
Read more →Manulife Philippines appoints new chief operations officer
THE MANUFACTURERS Life Insurance Co. (Phils.), Inc. (Manulife Philippines) has appointed Erica Jurilla Santos as its new chief operations officer to help strengthen the company’s customer service and distribution. Philippinemarket insights The appointment took effect on Sept. 15, the insurer said in a statement. Ms. Santos will focus on strengthening service, operational performance, digital adoption, […]
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