The local stock market weakened as investors took profits following the release of lower manufacturing data. The PSEi lost 76.22 points or 1.02 percent to close at 7,382.77 as the Property and Industrial sectors led the retreat across the board. Volume declined to 1.69 billion shares worth P6.75...
Open banking transforms the customer experience in ways that have never been before. Financial inclusion is rising. In 2017, 23 percent of Filipino adults had bank accounts. Fast forward to 2021, it jumped to 53 percent. The ideal is that people, regardless of net worth,...
The local stock market continued to rise on the back of gains in the US and the easing of quarantine restrictions in the National Capital Region. The main index rose 97.34 points or 1.32 percent to close at 7,458.99 as the Property sector led the advance although the Industrial counter retreated....
The Senate unanimously approved on third and final reading the bill seeking to amend certain sections of the Philippine Deposit Insurance Corp. (PDIC) Charter, and make it an attached agency of the Bangko Sentral ng Pilipinas (BSP). Voting 23-0-0, the Senate passed during its hybrid plenary session...
COL sees PSEi rising to 8,400 By JAMES A. LOYOLA The Philippine stock market is seen to rise by about 20 percent from the PSEi’s January opening to about 8,400 by yearend as investors have become more bullish as the COVID-19 pandemic is seen to become less of a threat. 63010 In a press briefing,...
Opposition Senator Leila de Lima on Monday vowed to pursue programs aimed at helping improve the plight of overseas Filipino workers (OFWs) and their families once she wins a fresh term in the Senate in the upcoming May 2022 elections. In particular, De Lima said she will seek to establish programs...
The local stock market started the week strong on news of easing quarantine restrictions although gains were reduced by late profit-taking. The main index added 44.04 points or 0.61 percent to close at 7,296.01 with the Property sector leading the advance across the board. Volume dipped to 1.28...
Clockwise from top left: BDO Foundation (BDOF), in partnership with Bangko Sentral ng Pilipinas (BSP), implemented financial education programs to benefit the Armed Force for the Philippines (AFP), Civil Service Commission (CSC), and the Department of Education (DepEd). Bottom right: Through...
The local stock market is seen to be swayed by corporate earnings reports, the government’s decision on whether to ease quarantine restrictions, as well as lingering concern over US interest rates. “Next week, we expect the local market to take cues from the government’s decision on the alert...
The PSEI lost the previous day’s gains as it ended what has been a week of see-saw trading. The main index shed 22.55 points or 0.30 percent to close at 7,251.97 as the Property sector led the retreat although the Banks and Industrial sectors posted strong gains. Volume jumped to 1.2 billion...
media Artificial intelligence (AI) could be a game changer in financial services because it can be used to develop customer-centric solutions in financial services, said Union Bank of the Philippines (UnionBank) Head of AI Center of Excellence Dr. Adrienne Heinrich. "Besides looking at AI solutions...
The COVID-19 pandemic shocked the world and many of us had to adapt to a new normal. The Filipinos continue to face new challenges with the rise of the Omicron variant and many of us find different ways on how to cope with our current situation. The past two years introduced numerous shifts in our...
