Peso may appreciate due to weak imports
WEAK imports can push the local currency to further appreciate against the US Dollar, according to an ING Bank Manila paper.
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WEAK imports can push the local currency to further appreciate against the US Dollar, according to an ING Bank Manila paper.
UBX Philippines Corp. said it has extended over P1.5-billion worth of business loans through its online lending platform “SeekCap” since 2019.
State-run Social Security System’s (SSS) investment income in 2020 slid by a fifth compared to the previous year’s level as lockdown measures’ impact on the economy shook the Philippine stock market.
A member of the House of Representatives believes prioritizing amendments to the Customs Modernization and Tariffication Act (CMTA) would stanch the bleeding in revenues due to smuggling of farm goods.
THE Asian Development Bank (ADB) has secured its largest borrowing in a local Asian currency after raising roughly $307 million in Panda bonds from the Chinese credit market.
ALMOST 30 years have passed since I participated in the AOTS Executive Program on Corporate Management (EPCM) in Tokyo so I was pleasantly surprised when I received an invitation from the AOTS to attend the EPCM, this time a three-hour hybrid event.
THE local business of Singapore Life Pte. Ltd. expects to gain more than 100,000 new customers by the end of this year.
PHYSICAL branch banking activities may continue to lessen as more than half of the Filipinos prefer using digital platforms during this pandemic, a study by a California-based data analytics company revealed.
THE Department of Finance (DOF) announced that the Development Bank of the Philippines (DBP) returned to the international debt capital market last March 2 to refinance its 10-year $300-million bonds that are set to mature on March 25.
BDO Unibank Inc. announced it was recently named as the best local bank during “The Asset Triple A Country Awards 2020” for the 8th consecutive year.
THE Philippine Deposit Insurance Corp. (PDIC) has shifted to electronic bidding (e-bidding) to sell corporate and closed banks’ assets, particularly real properties.
A second study by Standard Chartered Plc revealed that European and American companies ranked the Philippines among the top 5 Southeast Asian countries for opportunities to establish or expand their sourcing, selling or operations over the next six months to 12 months.
ASIA United Bank (AUB) Corp. announced it has been listed by Singapore-headquartered TAB International Pte. Ltd. as one of the 500 strongest banks by balance sheet evaluation in the Asia Pacific in 2020, landing 52nd place in the region and third in the Philippines.
BY midyear, financial technology (fintech) is expected to play a big role in the underwriting processes of borrowings by traditional banks as the majority of financial institutions in Asia Pacific turn to artificial intelligence (AI), a study noted.
IMPOSING levies on the carbon content of fuels is far from coming into fruition, Energy Secretary Alfonso G. Cusi said adding that a push on the imposition of carbon tax would “make the Philippines uncompetitive.”
THE Bureau of the Treasury (BTr) fully awarded P30-billion in reissued 7-year Treasury Bonds (T-bonds) despite investors’ inflation concerns that fueled the spike in rates.
THE Bangko Sentral ng Pilipinas (BSP) is pushing for the digitalization of the Philippine banking sector to help the majority of Filipinos integrate into the financial ecosystem.
ACCELERATED inflation concerns pushed up rates on Monday but the Bureau of the Treasury still ended up fully awarding P20 billion in Treasury Bills (T-bills) as the auction was oversubscribed with total bids reaching P44 billion, more than twice the P20-billion offer.
CIMB Bank Philippines Inc. said it saw an uptick in insurance penetration among its customers, which the bank said is parallel with its financial inclusion initiatives.
THE subsidiary of Pru Life Insurance Corp. of UK announced recently the roll out of its two new peso-denominated investment platforms: PRUInvest PHP Intermediate Term Bond Fund (ITBF) and the PRUInvest PHP Balanced Allocation Fund (BAF).
DO you remember my previous article talk about the importance of having a solid foundation on personal finance? It is important to prepare ourselves for unexpected events that might happen along the way.
A Singapore-based financial technology (fintech) player is eyeing to onboard more partners in the Philippines to facilitate more digital money transfers.
YUCHENGCO-led lender Rizal Commercial Banking Corp. (RCBC) is maintaining its bullish outlook on the local real estate investment trust (REIT) market, mainly due to low interest rates and a steady return of dividends.
Following the establishment of a quality management system (QMS), the country’s central credit registry earned a certification from the International Organization for Standardization (ISO).
‘This too shall pass.” This sentiment seems particularly apt when talking about the disruptions the world has faced over the past year. Much like during other epoch-defining events (like the Second World War), the future of the world remains shrouded in a veil of deep fog. Planning for the future has never been more challenging.
THE House Committee on Banks and Financial Intermediaries has endorsed for plenary approval a measure giving the state-run Philippine Deposit Insurance Corp. (PDIC) the power to increase the maximum deposit insurance coverage (MDIC), which has stood at only up to P500,000 per depositor per bank.
THE Social Security System (SSS) said an estimated 3 million members stopped paying contributions last year after temporarily or permanently losing their jobs when businesses closed after lockdown measures led to the tanking of the economy.
SEVERAL business groups urged the public to be more vigilant when transacting online, reminding them to pay attention to notices and warnings by financial institutions about digital fraud.
THE Philippine Savings Bank (PSBank) announced plans to further its digital initiatives this year after recording upticks in online transactions.
THE national government expects collections from offshore gaming businesses operating in the Philippines could contract by over 45 percent this year, according to the Bureau of Internal Revenue (BIR).
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