spot_img
30 C
Philippines
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...

LATEST Banking & Finance

LATEST

Euro back above the dollar on big rate hikes

New York, United States - The euro on Wednesday jumped back above parity with the dollar, the US currency sliding against its main rivals...

Currency depreciations to intensify global food and energy crises—WB

WASHINGTON, United States—The shrinking value of the currencies of most developing economies is driving up food and fuel prices in ways that could deepen...

GCash warns users against selling or lending accounts

GCash on Wednesday warned users against selling or lending their accounts, saying they would face the full force of the law. It said these accounts...

BPI launches lifestyle app

Bank of the Philippine Islands, the third-largest lender in terms of assets, announced on Wednesday the launch of VYBE—a one-stop lifestyle app that can...

PRINT EDITION

ADVERTISEMENT

spot_img