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Philippines Business News
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211 articles from BusinessWorld Banking
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BusinessWorld Banking
BofA sees Philippine share sales recovering in 2027
By Aaron Michael C. Sy, Reporter BANK OF AMERICA (BofA) expects Philippine share sales and initial public offerings…
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AMLC seeks wider powers to investigate suspicious transactions
THE Anti-Money Laundering Council (AMLC) is seeking broader investigative and supervisory powers, including the authority to examine bank…
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Maybank: Philippine banks stay resilient despite rise in bad loans
By Katherine K. Chan, Reporter PHILIPPINE BANKS remain resilient against rising bad loans as lenders maintain high loss…
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There’s a reason Trump is the only one talking about 1% interest rates
WASHINGTON — As a lifelong real estate investor whose businesses relied on debt and interest rates, President Donald…
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Traders load up on hedges for shallower Fed rate hike cycle
TRADERS are shielding themselves from the possibility that the US Federal Reserve raises interest rates less than markets…
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EastWest Bank launches check pickup service for businesses
EAST WEST Banking Corp. (EastWest Bank) has launched a check pickup service that lets businesses have checks collected…
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On a practical note: E-notarization
Are the days of scrambling for a notary in your neck of the woods or desperately hunting for…
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Asia-Pacific banks not confident about detecting scams
MANY senior banking leaders in Asia-Pacific said they are not confident about their bank’s ability to detect when…
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Rapid payment digitalization heightens money mule threats
THE PHILIPPINE economy could lose P603 billion a year to illicit mule account networks as more transactions go…
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Retail bond issue still an option despite global market volatility
THE GOVERNMENT is still looking to issue a retail Treasury bond (RTB) even as it recently canceled its…
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Transactions via BSP’s gross settlement system surge in second quarter
THE BANGKO SENTRAL ng Pilipinas (BSP) saw transactions in its Peso Real-Time Gross Settlement (RTGS) system jump in…
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T-bond yields climb on Middle East uncertainty
THE GOVERNMENT made a full award of the reissued Treasury bonds (T-bonds) it offered on Tuesday at higher…
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India’s UPI fee shift likely to entrench dominant incumbents
MUMBAI — Walmart-backed PhonePe and Google Pay could earn hundreds of millions of dollars a year in extra…
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SSS looks to max out loan disbursements
THE SOCIAL Security System (SSS) is aiming to grow its total loan portfolio to fill the amount allowed…
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Security Bank eyes xPay integration for cards by 2027
SECURITY Bank Corp. targets to make its cards available on both Apple Pay and Google Pay by the…
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Yields on government debt to rise as inflation worries weigh
YIELDS on government securities on offer this week may end higher as inflation concerns due to hostilities in…
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Peso may be rangebound as war keeps market cautious
THE PESO is expected to continue moving within a narrow range against the dollar this week as the…
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InstaPay, PESONet transfers top P22T
CASHLESS TRANSACTIONS continued to grow, with transfers made via InstaPay and PESONet amounting to over P22 trillion as…
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BSP bills fetch higher average rate
THE CENTRAL BANK’S short-term securities continued to fetch a higher average yield on Friday, even as the offer was oversubscribed. The 28-day bills offered by the Bangko Sentral ng Pilipinas (BSP) fetched bids amounting to P42.668 billion, well above the P30-billion offer and the P40.815 billion in tenders for the P40 billion auctioned off in […]
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The BoJ’s balancing act with Bessent will only get harder
NOBODY likes a back-seat driver. Bank of Japan (BoJ) Governor Kazuo Ueda now has two — and they…
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Yield curve shifts higher on war-driven price fears
YIELDS on government securities (GS) climbed across the board last week as the ongoing conflict in the Middle East heightened inflation concerns and as the US Federal Reserve hiked rates and signaled a hawkish stance. GS yields, which move opposite to prices, climbed by an average of 17.66 basis points (bps) week on week, based […]
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Singlife Philippines’ new term insurance plan now available via GCash
SINGLIFE Philippines, Inc. and GCash have launched a term insurance plan providing death and disability benefits, priced at as low as P65 a month. Singlife TermProtect, which is now available on the GCash app via GInsure, is a yearly-renewable term insurance plan for existing GCash customers with up to P1 million in total coverage via […]
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US Federal Reserve raises interest rates in search of ‘timelier’ drop in inflation
WASHINGTON – The Federal Reserve raised interest rates on Wednesday and flagged more hikes in the coming months,…
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