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Saturday, April 27, 2024

Banking & Finance

Peso rebounds to 57.71 a dollar

The Philippine peso slightly rebounded to 57.71 against the US dollar Friday from a 17-month low of 57.78 Thursday on increased trading volume. Data from the Bankers Association of the Philippines (BAP) showed that trading reached nearly $1.7 billion Friday, up from $1.4 billion the day before. The peso is among the regional currencies that depreciated against the dollar in recent weeks amid the tension in the Middle East and the...

PDIC appoints new independent directors

Philippine Deposit Insurance Corp. (PDIC) chairperson and Bangko Sentral ng Pilipinas (BSP)...

SteelAsia borrows P8.3b from GSIS, banks

SteelAsia Manufacturing Corp., one of the world’s largest reinforced bar manufacturers, said...

Banks’ lending standards unchanged in first quarter

Lending standards for corporate and household borrowers remained unchanged in the first...

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Iraq’s currency in flux as foreign transfers come under scrutiny

Iraq's local currency has been on a two-month roller coaster ride following a tightening of procedures for international transfers, with some blaming Washington for...

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