finance

Enhanced bank deposit protection takes effect

Starting today, more bank savings are going to be protected under the expanded insurance coverage…

Fitch upgrades ‘viability rating’ of 5 leading PH banks

London-based debt watchdog Fitch Ratings has upgraded its “viability rating” on five of the Philippines’…

Metro Pacific sets P116-B capex for ’25

Metro Pacific Investments Corp. (MPIC), which is into businesses such as energy and toll roads,…

BSP drafting new rules to temper risks from AI

The Bangko Sentral ng Pilipinas (BSP) is preparing new regulations that aim to mitigate risks…

Banks’ soured loans trekked to 2-mo high in Jan

Soured loans held by local banks rose to a two-month high in January, opening the…

Electronic and remote notarization

It is standard operating procedure in most commercial, financial and banking transactions that documents that…

Thrift banks call for lower liquidity requirements

The local thrift banking industry will still lobby for lower liquidity requirements despite the removal…

Trump effect sank FDI net inflows to 11-yr low in Dec

The net inflow of job-generating foreign direct investments (FDIs) fell to its lowest level in…

PH gross borrowings rose in 2024

Gross borrowings of the Marcos administration grew by 17 percent in 2024 amid the need…

BSP-backed PERA contributions near P500M

The central bank-backed retirement savings program Personal Equity and Retirement Account (PERA) saw total contributions…