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
BSP bills’ rate edges up as bids drop
THE BANGKO SENTRAL ng Pilipinas’ (BSP) short-term securities were quoted at a slightly higher average yield on Friday as bids declined week on week. Tenders for the 28-day BSP bills amounted to P43.39 billion, higher than the P40 billion placed on the auction block. However, this was below the P62.179 billion in bids fetched in […]
Read more →BPI plans to pilot stablecoin remittances in fourth quarter
BANK of the Philippine Islands (BPI) plans to start using stablecoins as a platform for remittances before yearend under its partnership with global digital clearing house Meridian, its top official said. BPI President and Chief Executive Officer Jose Teodoro K. Limcaoco told reporters last week that the bank aims to start implementing stablecoins as a […]
Read more →Peso sinks on latest US-Iran attacks
THE PESO sank against the dollar on Thursday after global oil prices spiked as the United States and Iran exchanged fresh attacks. The currency fell by 15 centavos to close at P61.56 versus the greenback from its P61.41 finish on Wednesday, based on data from the Bankers Association of the Philippines’ website. The local unit […]
Read more →The business evolution cycle
There is a familiar pattern in business. Each generation assumes that the way companies do business today will be the norm for years to come. Then a new wave of technology comes along, customer behavior changes, and suddenly businesses that seemed invulnerable can’t keep pace. We have seen this occur again and again in the […]
Read more →Innovation, investments in PHL digital payments ecosystem to push financial inclusion
CONTINUED INNOVATION and investments in the Philippines’ digital payments space will help boost financial inclusion as it will make the ecosystem more sustainable while enabling lower transaction costs. Boosting the interoperability of the payments system to increase participation could be done via public-private partnerships like in Brazil and India and could ultimately lead to better […]
Read more →Pre-need firm Cocoplans placed under conservatorship
THE INSURANCE Commission (IC) has issued a cease-and-desist order for Cocoplans, Inc. and placed it under conservatorship for failing to comply with Pre-Need Code of the Philippines. The regulator said in a notice dated July 27 that concerned planholders, creditors, and other interested parties should file and address their claims and concerns to the assigned […]
Read more →Manulife sees shift toward guaranteed-return, health products amid Middle East war
Manufacturers Life Insurance Co. (Phil’s.), Inc. (Manulife Philippines) said that local demand for financial products remains steady, with an increasing preference for guaranteed-return products, health products, and globally diversified investments as the Middle East war and market volatility reshape investment preferences. “I think the demand has always been there. It’s just shifting because of the […]
Read more →Loan-to-deposit ratio may drop below 50% by 2050 as population ages
THE PHILIPPINES’ loan-to-deposit ratio is projected to decline by 2050 as banked Filipinos are likely to borrow less and deposit more as they age, a study from the International Monetary Fund (IMF) showed. In a working paper published earlier this month, IMF Research Officer Haibo Li and senior economists Estelle Liu, Yinqiu Lu, Anne Oeking […]
Read more →UnionBank’s net profit surges 113%
UNION BANK of the Philippines’ (UnionBank) net profit surged by 113% to P6.91 billion in the first half as revenue growth stayed robust. “The parent bank sustained its performance from the previous quarter and accounted for 96% of group profit, supported by the continued strength of its core businesses,” it said in a disclosure to […]
Read more →GS yields jump on inflation fears
YIELDS on government securities (GS) traded in the secondary market ended mostly higher last week as investors priced in heightened inflation risks from surging global oil prices and the peso’s slide to a fresh record low.
Read more →BSP securities’ rate inches up
THE AVERAGE RATE of the Bangko Sentral ng Pilipinas’ (BSP) short-term securities was nearly unchanged for a second straight week, even as the offer attracted strong demand. Bids for the 28-day BSP bills reached P62.179 billion on Friday, higher than the P40 billion auctioned off but lower than the P70.69 billion in tenders for the […]
Read more →Fiuu gets JCB card acquiring license for Philippines, Malaysia, Singapore
PAYMENT GATEWAY Fiuu has secured a direct acquiring license as a regional acquirer across Malaysia, Singapore, and the Philippines from JCB Co., Inc. to strengthen its card acquiring capabilities. With the license, Fiuu will be able to connect directly with JCB and process transactions in-house, reducing reliance on intermediaries and letting merchants accept JCB payments […]
Read more →AIA, MediCard launch group life plan with HMO coverage for employees
AIA PHILIPPINES Life and General Insurance Co., Inc. and its health arm MediCard Philippines, Inc. launched a group life insurance plan with built-in health maintenance organization (HMO) coverage under one solution. The companies on Wednesday unveiled Group Life + HMO, an integrated employee benefits product that brings healthcare and life protection under one plan that […]
Read more →Pru Life UK offers flexible plan with annual payouts
PRU LIFE Insurance Corp. of UK (Pru Life UK) has launched a flexible life insurance plan with wealth-building and short-term payout features, meant to help Filipinos navigate a high inflation and volatile economic environment. PRUWealth 10 Flex Elite is a two-year pay insurance plan that offers 11% guaranteed annual payouts starting on the third year, […]
Read more →Central bank monitoring market for digital person-to-government payments
THE BANGKO SENTRAL ng Pilipinas (BSP) could consider pushing for lower fees for digital person-to-government transactions but is still monitoring the market’s response to Land Bank of the Philippines’ (LANDBANK) earlier move to waive charges for these payments. BSP Deputy Governor Mamerto E. Tangonan said they would need a “big enough” market reaction to see […]
Read more →Atome Philippines taps Chubb to offer shopping insurance for its cardholders
BUY NOW, PAY LATER platform Atome Philippines has partnered with insurer Chubb Philippines to launch a shopping insurance plan with personal accident benefits for its cardholders. The Atome Card Shield is available for Atome cardholders for P62 per month and includes buyer and purchase protection, online shopping fraud and unauthorized transaction coverage, and personal accident […]
Read more →LANDBANK to expand rollout of ATM Protect insurance
LAND BANK of the Philippines (LANDBANK) will expand the rollout of an insurance solution in partnership with Cocogen Insurance, Inc. that aims to protect individuals from withdrawal robbery and other forms of fraud. ATM Protect was launched in September 2025 and provides affordable protection against deposit account-related risks such as forced withdrawals, card skimming, ATM […]
Read more →Yields mixed on Iran conflict, soft US data
YIELDS on government securities (GS) were mixed last week as renewed tensions in the Middle East stoked market volatility, while softer-than-expected US inflation data caused traders to reprice their US Federal Reserve policy bets. Yields, which move opposite to prices, climbed by an average of 7.4 basis points (bps) week on week at the secondary […]
Read more →Peso may stay weak on revived conflict
THE PESO may stay weak against the dollar this week as the renewed Middle East conflict continues to weigh on market sentiment. On Friday, the currency inched up by 3.3 centavos to close at P61.587 per dollar from Thursday’s P61.62. Week on week, however, the peso declined by 7.2 centavos from its P61.515 close on […]
Read more →BSP securities’ rate inches higher
THE BANGKO SENTRAL ng Pilipinas’ (BSP) one-month securities fetched a nearly flat average rate on Friday as the offer continued to attract strong investor demand. Tenders for the 28-day BSP bills amounted to P70.69 billion, exceeding the P40 billion placed on the auction block but below the P80.24 billion in bids for the same offer […]
Read more →Binance local partner BlockShoals registered as AMLA covered person
BLOCKSHOALS Technologies, Inc., the local partner of crypto exchange Binance, is a registered covered person with the Anti-Money Laundering Council (AMLC), it said on Thursday. The AMLC issued BlockShoals its Certificate of Registration on June 18 as a covered person under the Anti-Money Laundering Act (AMLA) of 2001, as amended, because it is a crypto-asset […]
Read more →BPI net income slips in first half
BANK of the Philippine Islands’ (BPI) net income slipped by 0.4% in the first half as increased expenses and loan-loss provisioning offset strong revenues from its core businesses. The bank’s net profit edged down to P32.8 billion in the first six months of 2026 from P33 billion in the same period last year, it said […]
Read more →Peso inches up on soft US consumer inflation
THE PESO appreciated slightly against the dollar on Wednesday as softer-than-expected US consumer inflation data led the market to dial down their US Federal Reserve rate hike bets. The currency rose by 2.4 centavos to close at P61.686 versus the greenback from P61.71 on Tuesday, data on the Bankers Association of the Philippines’ website showed. […]
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