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...
The Bangko Sentral ng Pilipinas (BSP) has lowered the rates on its Peso Rediscounting Facility effective Wednesday, May 8, for all tenors. Rediscounting is a standing credit facility provided by the BSP to qualified banks with active rediscounting lines help banks meet temporary liquidity needs by...
Philippines’ stock of US dollars dropped by $630 million to $103.437 billion as of end-April compared to end-March’s $104.067 billion after the government withdrew foreign currency from the Bangko Sentral ng Pilipinas (BSP) to pay for maturing loans and to fund expenditures. Despite the...
The Bankers Association of the Philippines (BAP) is waiting for the Philippine Stock Exchange to name a price if it wants to buy the stake of banks in the Philippine Dealing System Corporation (PDS), which owns the fixed income bourse Philippine Dealing & Exchange Corporation. BAP...
The Bankers Association of the Philippines welcomed the appointment of Rep. Ralph Recto as Secretary of the Department of Finance while thanking former Finance chief Benjamin Diokno for his years of government service. In a statement, BAP said “Secretary Recto is equipped with the necessary...
