Term deposit yield climbs as BSP tightens stance
THE CENTRAL BANK鈥橲 one-week term deposits fetched a higher average yield on Wednesday, even as demand soared, as the market priced in the latest...
BPI partners with Amesco Drug to expand its reach in Mindanao
BANK of the Philippine Islands (BPI) has partnered with Amesco Drug Corp., marking its first 鈥淢ay BPI Dito鈥 partnership with a Davao-based business as...
Global financial regulators trail banks in AI as Mythos raises oversight concerns, report finds
LONDON 鈥 The ability of central banks and financial regulators to monitor and combat the risks posed by powerful artificial intelligence (AI) models such...
Thailand鈥檚 central bank holds key rate, forecasts slower growth and higher inflation amid Iran...
BANGKOK 鈥 Thailand鈥檚 central bank kept its key interest rate unchanged at a 鈥宺eview on Wednesday, as expected, saying it needed to assess the...
Mirova green fund exits Philippine debt after corruption scandal
MIROVA SA鈥檚 flagship green bond fund exited its position in Philippine debt following a corruption scandal that raised concerns investors may have inadvertently financed...
Dual-tenor bonds partially sold
THE GOVERNMENT awarded only a portion of its dual-tenor Treasury bond offer on Tuesday after investors demanded higher yields, reflecting expectations of rising borrowing costs amid surging global oil prices and tighter monetary conditions.
DBP, Landbank outlooks revised to 鈥榥egative鈥
FITCH Ratings, Inc. has revised the outlooks on state-owned Development Bank of the Philippines (DBP) and Land Bank of the Philippines (LANDBANK) to 鈥渘egative鈥...
RCBC profit up 12% on stronger lending
RIZAL Commercial Banking Corp. (RCBC) reported a 12% year-on-year increase in net income to P2.7 billion in the first quarter, driven by stronger core...
Yen steadies as BoJ opens policy-heavy week
SINGAPORE 鈥 The Japanese yen steadied early Tuesday ahead of the Bank of Japan鈥檚 (BoJ) latest policy decision, the first in a busy week...
UnionBank enables PERA opening via mobile app
UNION BANK of the Philippines, Inc. has integrated the Personal Equity and Retirement Account (PERA) into its mobile app, letting customers open accounts fully...
ATRAM launches Nasdaq income feeder fund
ATRAM Trust Corp. has launched a feeder fund offering exposure to the NASDAQ-100 while generating monthly income through an options-based strategy, expanding access to...
T-bills fetch mostly higher rates as BSP signals further tightening
YIELDS on the Treasury bills (T-bills) offered by the government ended mostly higher on Monday after the Bangko Sentral ng Pilipinas (BSP) hiked rates...