Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
207 articles from BusinessWorld Banking
Security Bank Wealth targets P600B in managed assets
THE WEALTH management arm of Security Bank Corp. is aiming to reach P600 billion in assets under management…
Read more →BSP profit hits record high as of July on forex gains, lower expenses
THE BANGKO SENTRAL ng Pilipinas’ (BSP) net income soared to a record high as of July, backed by…
Read more →Peso may continue to trade near P63:$1 mark
THE PESO is expected to continue trading near the P63-a-dollar level this week before the Bangko Sentral ng…
Read more →Yields rise on mounting expectations of BSP hike
YIELDS on government securities (GS) climbed last week as the peso’s weakness, elevated inflation, and expectations of another…
Read more →Central bank securities fetch higher average yield
THE BANGKO SENTRAL ng Pilipinas’ (BSP) short-term securities fetched a higher average rate on Friday even as market…
Read more →One in five Filipinos opt to pay for e-commerce orders in cash
CASH-ON-DELIVERY (COD) use in the Philippines was the highest in Southeast Asia, with at least one in five…
Read more →SSS says ‘disciplined’ investment strategy yielded P204B in gains
THE SOCIAL Security System (SSS) has generated P204 billion in realized gains and dividend income from its equity…
Read more →How to listen when everyone is arguing
The ongoing impeachment proceedings provide Filipinos with something unusual: the opportunity to watch constitutional democracy unfold in real…
Read more →Fraud prevention company SEON eyes wider PHL customer base
GLOBAL FRAUD prevention company SEON is looking to expand its customer base in the Philippines and service more…
Read more →As Wall Street’s biggest banks finance and adopt artificial intelligence, risks mount on both fronts
WALL STREET’S biggest banks want to ride the artificial intelligence (AI) wave without getting caught in its undertow,…
Read more →Term deposit yield edges up as market prices in rate hike view
THE AVERAGE YIELD on the Bangko Sentral ng Pilipinas’ (BSP) term deposits inched up on Wednesday despite strong…
Read more →Peso extends slide before US consumer inflation data
THE PESO sank further against the dollar on Wednesday, inching close to its record low, on expectations of…
Read more →Maya eyes PERA product launch
MAYA Philippines, Inc. is looking to launch a Personal Equity Retirement Account (PERA) product and is already in…
Read more →Sun Life Philippines to wind down trust operations
SUN LIFE of Canada (Philippines), Inc. (Sun Life Philippines) is set to shut down its trust unit Sun…
Read more →PNB partners with ATRAM to expand product access
PHILIPPINE National Bank (PNB), through its brokerage arm PNB Securities, Inc., has partnered with ATRAM Trust Corp. to…
Read more →AMLC, Mizuho Bank Manila ink information-sharing protocol
THE ANTI-MONEY Laundering Council (AMLC) signed an information-sharing protocol (ISP) with Mizuho Bank Ltd., Manila Branch to tighten…
Read more →Bond yields go up as market sees inflation staying elevated
THE GOVERNMENT made a partial award of its dual-tranche Treasury bond (T-bond) offering on Tuesday as the market…
Read more →Philippine demand for legacy planning grows as focus turns to wealth preservation, stability
DEMAND for legacy planning continues to grow in the Philippines as Filipinos want to ensure stability for their…
Read more →Peso slips on war fears, data
THE PESO declined slightly on Tuesday as fresh tensions in the Middle East boosted demand for the safe-haven…
Read more →Banking watchdogs ramp up AI scrutiny as stability fears mount, sources say
NEW YORK/LONDON — Banking regulators are stepping up efforts to contain growing AI risks, six people familiar with…
Read more →BTr partially awards T-bills as yields climb on rate hike bets
THE GOVERNMENT made a partial award of the Treasury bills (T-bills) it offered on Monday amid weak demand…
Read more →Deutsche Bank expects further BSP tightening
DEUTSCHE BANK Research sees the Bangko Sentral ng Pilipinas (BSP) extending its tightening cycle with a fourth straight…
Read more →Peso inches higher as markets eye US inflation data
THE PESO went up against the dollar on Monday as traders stayed cautious before the release of key…
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