BDO expects loan growth, asset quality hit from war-driven inflation spike
BDO UNIBANK, Inc. expects its loan growth to stay strong this year, but the risk that inflation will stay elevated for long due to...
Security Bank profit slips to P2.7 biliion in Q1
SECURITY Bank Corp. recorded a 4% decline in its first-quarter net profit as it booked trading and foreign exchange (FX) losses due to market...
Political noise drags peso to new all-time low
THE PESO dropped to a new all-time low against the greenback on Thursday as political concerns at home and rising US Federal Reserve rate...
IC rolls out relief measures for insurers, consumers amid crisis
THE Insurance Commission (IC) has outlined relief measures for regulated entities and consumers amid the national state of energy emergency declared due to the...
PHL financial education strategy set for release this year
THE BANGKO SENTRAL ng Pilipinas (BSP) is leading the development of the country鈥檚 National Strategy for Financial Education (NSFE) framework targeted for release before...
BPI鈥檚 e-wallet VYBE taps M Lhuillier for free in-branch cash-ins
BANK of the Philippine Islands鈥 (BPI) e-wallet VYBE has partnered with M Lhuillier Financial Services, Inc. to enable cash-ins at the group鈥檚 branches.
VYBE users...
Asia Pacific banks face growing credit risks, raise provisions as Iran war drags on
HONG KONG/SYDNEY 鈥 Asia-Pacific banks may have to raise their loan loss provisions further in the near-term as the Iran conflict darkens economic prospects...
Regulations to address toxic scents
By Benel D. Lagua
The Philippines has seen this story before 鈥 only the packaging has changed.
A few years ago, public attention focused on 鈥渒iller alcohol,鈥 where methanol...
Term deposit yield inches up as inflation risks grow due to war
THE BANGKO SENTRAL ng Pilipinas鈥 (BSP) term deposits fetched a higher average yield for a fourth straight week on Wednesday even as the offer...
BankCom income climbs to P976 million
BANK of Commerce (BankCom) booked a 12.62% increase in its net income for the first quarter, backed by sustained revenue expansion despite market volatility...
Philippine bonds face extended slump on large rate hike bets
PHILIPPINE sovereign bonds are extending a sell-off as traders price in the prospect of a 50-basis-point (bp) rate hike, the largest since 2023.
The outlook...
Peso gains on profit taking, possible intervention
THE PESO rebounded against the dollar on Wednesday despite touching new lows early in the session, supported by profit taking and likely intervention from...