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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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BDO promotes PERA for better-off retirement

Most Filipinos remain unresponsive to retirement planning even when its importance has been highlighted by experts. The lack or insufficient understanding of its benefits...

PSBank’s earnings surged 126% in three quarters

Philippine Savings Bank, the thrift banking arm of the Metrobank Group, said Monday net income in the first nine months jumped 126 percent to...

AUB launches unified card QR link

Asia United Bank, one of the fastest growing and publicly-listed universal banks, on Monday launched the AUB PayMate Unified Card QR link that enables...

More Filipinos recognize the value of saving money

More than two years after the spread of the COVID-19 pandemic, Filipinos raring for a restart actually improved their mindset towards saving money, according...

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