Just two weeks after hitting a then-record low, the peso plunged again to an all-time low on Wednesday, Nov. 12, as market sentiment turned negative amid public fund governance concerns and lackluster economic growth. The currency finished the third trading day of the week at ₱59.17, weakening...
Due to political turmoil and the ongoing probe into flood control scandals, the Philippine peso depreciated to its weakest level in nearly two months at ₱58:1 against the United States (US) dollar. It closed at ₱58.1 on Thursday, Sept. 25, from ₱57.46 last Wednesday, September 24. This was...
After a four-day losing streak, the Philippine peso continued depreciating against the United States (US) dollar on Thursday, July 31, as it dropped to its lowest in more than five months since February this year. It shed 74 centavos to close at ₱58.32 from ₱57.58 last Wednesday. The last time...
After experiencing a three-day appreciation streak against the United States (US) dollar, the Philippine peso weakened again by shedding almost half-a-peso on Friday, July 25, despite the fresh market optimism over the latest trade deal with the US. According to the Bankers Association of the...
After showing signs of recovery the previous day, the Philippine peso returned to the ₱56 level as investor confidence grew over the tentative Iran-Israel ceasefire, while the United States (US) dollar slipped to test its recent lows. Data from the Bankers Association of the Philippines (BAP)...
After hitting a nearly three-month low in the previous day, the peso rebounded against the United States (US) dollar, influenced by a tentative ceasefire between Iran and Israel, which pushed global crude oil prices to near two-week lows. Data from the Bankers Association of the Philippines (BAP)...
The country’s bankers have emphasized the need for stronger collaboration between the government and the banking sector to strengthen cybersecurity, as they expressed optimism that President Marcos’ digital push is in the right hands. The Bankers Association of the Philippines (BAP) on Sunday,...
Banks across the Philippines are set to ramp up technology-related investments, particularly in cybersecurity infrastructure and systems, in a bid to improve operational efficiency and protect consumers. Investments in technology would enhance domestic banks’ operational efficiencies and the...
Despite sealing deals to acquire the stakes of its fellow shareholders in the Philippine Dealing System Holdings Corporation (PDSHC), the Philippine Stock Exchange (PSE) will still be more than 20 percent shy of its target of full ownership of the fixed-income bourse owner. In a disclosure, the PSE...
The group of lenders led by the Bankers Association of the Philippines (BAP) is selling a smaller stake in Philippine Dealing System Holdings Corporation (PDSHC) to the Philippine Stock Exchange than the amount earlier targeted. In a disclosure, the PSE said that it has entered into a Share...
The Bankers Association of the Philippines (BAP) will open the enhanced PESO interest rate swap (PESO IRS) market Monday, Nov. 18, with 16 BAP-member banks as market makers plus five more banks as regular participants. In a statement over the weekend, BAP President Jose Teodoro K. Limcaoco Jr. said...
Ayala-led Globe Telecom reported a substantial decrease in bank-related spam and scam SMS in its network due to its rigorous anti-fraud measures and strategic collaborations with major financial institutions. The firm said that, from January to June 2024, it successfully intercepted...
