GCash partners with remittance hub for wider reach
ELECTRONIC wallet platform GCash has partnered with remittance company Pera Hub, allowing GCash users to receive international remittances.
“Like-minded partners like PERA HUB are essential...
Peso declines on tempered bets on interest rate cut
THE PESO depreciated against the dollar on Tuesday as officials from the US Federal Reserve continued to temper market optimism of possible rate cuts...
BSP approves BPI-RBC merger
THE BANGKO SENTRAL ng Pilipinas (BSP) has approved the proposed merger between Bank of the Philippine Islands (BPI) and Robinsons Bank Corp. (RBC), which...
Central bank posts lower net profit at end-Sept. due to higher expenses
THE CENTRAL BANK’S net income fell in the first nine months of the year, mainly due to increased expenses, preliminary data showed.
The Bangko Sentral...
MCBL launches new life insurance product
MANULIFE CHINA BANK LIFE Assurance Corp. (MCBL), the bancassurance partnership between Manufacturers Life Insurance Co. (Phils.), Inc. (Manulife Philippines) and China Banking Corp., has...
Peso weakens amid hawkish Fed comments
THE PESO depreciated against the dollar on Monday amid signals from a US Federal Reserve official that borrowing costs may need to remain elevated...
Gov’t seen to issue peso or dollar bonds in Q1
THE GOVERNMENT could borrow either from the local or the foreign market in the first quarter of 2024 as both US Treasury yields and...
Yields on government debt fall after central banks’ policy decisions
YIELDS on government securities (GS) traded in the secondary market ended lower last week, driven by policy decisions of both the Bangko Sentral ng...
Peso may appreciate on dollar weakness, remittances
THE PESO could strengthen this week amid the dollar’s continued weakness, and supported by the seasonal increase in remittances.
The local unit closed at P55.655...
Banks’ trust assets grow by 7.6%
THE TOTAL ASSETS of the Philippine banking industry’s trust and other fiduciary businesses grew by 7.6% year on year to P4.065 trillion as of...
Bond issuances may drop amid rate cut bets
BOND ISSUANCES are seen decreasing next year as investors shift to riskier assets amid expectations that central banks here and abroad will begin reducing...
Listen, learn, and live the moment
By Reynaldo C. Lugtu, Jr.
The year 2023 is marked by business and leadership challenges, stemming from the spillover effects of the pandemic and geopolitical shifts. From implementing hybrid...