By LETIZIA BALANAG HSBC Philippines CEO and Head of Banking Sandeep Uppal, and MB Business Development Manager Jordan Tan Navigating the challenging and ever-evolving banking industry requires significant effort. A bank’s success depends on its ability to adapt to economic shifts,...
MB NEWSMAKERS Top row, from left: Mylo Speech Buddy Founder Vincent Rocha, President of Bingo Plus Rafael Jasper Vicencio, President & CEO of HSBC Philippines Sandeep Uppal, Dr. Victor Erwin Jocson, Head of Star Magic PR (representing Bini) Thess Gubi, Co-Chairperson of Kawayan Collective...
London-based HSBC projects that the Philippines and other Southeast Asian countries will deliver robust economic growth this year, with the peso remaining resilient despite a stronger US dollar. On Tuesday, Jan. 14, James Cheo, HSBC chief investment officer for Southeast Asia and India, projected...
While other developing countries in Southeast Asia could suffer severely from looming US tariff rate hikes, HSBC sees the Philippines as well-positioned to weather these risks. During a media briefing on Jan. 8, Aris Dacanay, ASEAN economist at HSBC Philippines, said that unlike its neighboring...
Pangilinan-led PLDT Inc. was able to raise as much as P2 billion from a social loan facility with HSBC Philippines with proceeds to be used to expand its fiber network coverage to the underserved and unserved communities in the country. In a statement on Wednesday, Oct. 23, PLDT said it was looking...
By DERCO ROSAL While the Bangko Sentral ng Pilipinas’ dual rate cut could stimulate economic growth, UK-based banking giant HSBC warned of potential delays as borrowers may hesitate to take on new debt until the easing cycle is complete. Following the recent 25-basis-point (bp) rate cut to 6.0...
Filipinos do not need to worry about rising extra rice prices, as they are projected to fall due to better global supply, allowing the Bangko Sentral ng Pilipinas (BSP) to speed up the lowering of borrowing costs in the coming months, according to British banking giant HSBC. Aris Dacanay, chief...
CEBU CITY – Hopes are high for the Philippines’ economic growth as bankers are one in believing that the country’s potential is something that the global market should pay attention to. SANDEEP Uppal, president and CEO of Hong Kong Shanghai Banking Corp. (HSBC)-Philippines, shares his...
HSBC Philippines is optimistic about its growth prospects for the remaining months of the year, driven by the favorable economic environment and declining interest rates. Sandeep Uppal, HSBC Philippines president and chief executive officer, said the local unit of the British banking giant is...
Credibility is built through a long history of dependable service. This is how an international bank that has been in the Philippines for over a century continues to honor its commitment, growing together with the country and its people. “As we gear up to our 150th year in the Philippines in...
The Bangko Sentral ng Pilipinas (BSP) will likely keep the policy rate at 6.5 percent next week while the central bank navigates around a weak peso and a hawkish US Federal Reserve, global banks said. "Another central bank that may be under pressure to review its rate stance next week is the...
Millennials and Gen Z face unique financial challenges and opportunities shaped by a myriad of factors including economic conditions, technological advancements, and a global outbreak. Millennials, born roughly between 1981 and 1996, are characterized by higher levels of income compared to Gen Z,...
