Peso closes at nearly 11-year low on Korea tensions
THE PESO closed lower against the dollar on Friday, breaching the P51-to-the-dollar level intraday, amid escalating tensions between the United States and North Korea.
The...
PNB first-half net profit falls 37% in absence of year-earlier on-offs
PHILIPPINE NATIONAL Bank (PNB) said first-half net profit declined in the absence of one-off items from a year.
In a disclosure to the Philippine Stock...
BSP bullish banks can meet EMV shift deadline
By Janine Marie D. Soliman,
Reporter
THE BANGKO SENTRAL ng Pilipinas (BSP) is bullish all banks will be able to fully migrate their systems to the...
RCBC income up 67% in Q2
RIZAL COMMERCIAL Banking Corp. (RCBC) saw its profit slump in the first half of the year despite booking a double-digit rise in its bottom...
Peso sinks to three-week low on Fed bets
THE PESO continued to slump against the greenback on Thursday, hitting a three-week low, amid investor appetite for the dollar and stronger bets of...
Banks borrow from rediscount facility in July
BANKS revisited the central bank鈥檚 rediscount facility in July after it was left untouched for two months, which came alongside adjustments to the borrowing...
Scaling a startup
By Reynaldo C. Lugtu, Jr.
鈥淗ow can I grow my business? How can we scale?鈥 These are the common questions I got after my talk and after the panel...
Term deposits attract more bids
TERM DEPOSITS on offer yesterday saw stronger demand and pushed yields lower from a week ago, as banks remain awash with cash.
Bids received for...
Security Bank, ANZ ink network extension deal
SECURITY BANK Corp. (Security Bank) has collaborated with ANZ Bank in a network extension partnership (NEP) that aims to enhance the local lender鈥檚 banking...
Peso drops on US, North Korea tensions
THE PESO continued to weaken versus the dollar on Wednesday following a sell-off on the back of upbeat US labor data as well as...
Insular Life rolls out peso-denominated VUL fund
INSULAR LIFE Assurance Co. Ltd. (Insular Life) has rolled out its new peso-denominated product where market players here could invest in global markets by...
Microinsurance coverage, premiums expected to increase from 2016 levels
THE Insurance Commission (IC) is bullish that over 31 million Filipinos will be covered by microinsurance by yearend, with total premium production by the...