Metrobank says home, auto loan applicants prefer house-and-lot developments and SUVs
METROPOLITAN Bank & Trust Co. (Metrobank) is seeing preference for loans for house-and-lot properties and sport utility vehicles (SUVs) among borrowers, showing that Filipinos...
BSP allows direct currency withdrawals by banks during calamity, emergency situations
BANKS not registered with the Philippine Payment and Settlement System (PhilPaSS) Plus or the Integrated Currency Management System (ICMS) are now temporarily allowed to...
Rates of Treasury bills, bonds may climb on inflation worries
RATES of the Treasury bills (T-bills) and Treasury bonds (T-bonds) to be offered this week could end mostly higher on growing inflation risks as...
Peso weakness may persist as war-driven risks cloud outlook
THE PESO may continue to weaken this week and possibly hit new lows against the dollar due to renewed global oil price concerns as...
Banks to keep credit standards amid ME conflict
BANKS expect to keep their lending standards this quarter as they see steady demand for credit despite the impact of the Middle East (ME)...
Yields end higher as war turns market bearish
YIELDS on government securities (GS) traded in the secondary market rose last week due to inflationary pressures, shifting monetary policy expectations and continued geopolitical...
Investors are running out of time to brace for true oil shock from conflict
SINGAPORE/LONDON — In thrall to an artificial intelligence (AI) boom that has sent stocks to record highs and harboring hopes of a short-lived Iran...
Hot money net outflows surge in March due to Middle East war
MORE short-term foreign investments left the Philippines in March than flowed in, reflecting depreciating risk sentiment following the start of the United States and...
Peso rebounds from record low on profit taking, rate hike hopes
THE PESO rebounded against the dollar on Thursday despite touching a new record low during the session on profit taking and expectations of more...
Visa partners with BPI to enable real-time cross-border transfers
VISA has partnered with Bank of the Philippine Islands (BPI) to launch Visa Direct, its real-time push payment platform.
Under the partnership, BPI customers can...
The quiet exit of middle managers
By Reynaldo C. Lugtu, Jr.
We’ve been watching something quietly unfold across organizations, and it’s not getting enough honest conversation. The middle manager — the layer that once held...
Powell era ends with rates on hold, Fed hawks on the rise
WASHINGTON - Federal Reserve Chair Jerome Powell closed out eight years as head of the US central bank on Wednesday with interest rates on...