Consumer price growth likely slowed for another month in June, driven by declining global oil and food costs alongside a recovering currency, according to private-sector economists. A median forecast from regional banks and analysts projects headline inflation to have moderated to between 6.5...
The Bangko Sentral ng Pilipinas (BSP) is delaying the selection of four new digital banking players as it seeks to reconcile conflicting regulatory tracks for different types of applicants. While the market anticipated the entry of the new digital lenders as early as the first quarter, BSP Governor...
Bangko Sentral ng Pilipinas Governor (BSP) Eli Remolona Jr. expects a broader wave of lenders to slash or eliminate fund transfer costs, following aggressive fee waivers by some of the country’s largest banking institutions ahead of a strict weekend regulatory deadline. Speaking at a BSP book...
American financial giant Goldman Sachs Group Inc. expects the Bangko Sentral ng Pilipinas (BSP) to raise key borrowing costs through three more 25-basis-point (bp) hikes to 5.5 percent, citing the looming inflation threat from El Niño coupled with the oil shock—a “quicker” transmission of...
The Philippine Stock Exchange index (PSEi) closed the week on a positive note as investor sentiment continued to be lifted by lower oil prices and improved macroeconomic signals. The main index rose by 62.31 points, or 1.02 percent, to close at 6,188.03 on Friday, July 3. Miners led the advance due...
Yuchengco-led Rizal Commercial Banking Corp. (RCBC) will eliminate fees for its real-time digital fund transfers starting July 4, joining a broader industry push to spur electronic retail payments in the country. In a statement on Friday, July 3, RCBC said the lender will offer zero-fee transfers...
Equities market rose for a second consecutive session as investors welcomed the World Bank’s reclassification of the country’s economic status and the steady performance in domestic manufacturing. The Philippine Stock Exchange index (PSEi) gained 56.46 points, or 0.93 percent, to close at...
East West Banking Corp. (EastWest Bank) Chairman Jonathan T. Gotianun is taking advantage of a dip in the bank’s stock price to near its lowest level this year to increase his stake in the lender. Based on the bank’s disclosure to the Philippine Stock Exchange (PSE) on Thursday, July 2,...
Local equities snapped a streak of losses, joining the broader regional rally as diplomatic efforts to ease Middle East tensions soothed investor anxiety and drove oil prices down. The Philippine Stock Exchange index (PSEi) advanced 32.09 points, or 0.53 percent, to close at 6,069.26. Despite the...
Local stocks retreated on the final trading day of the first half as investors locked in gains from a three-day rally, driven by mounting concerns over local inflation and shifting geopolitical dynamics. The Philippine Stock Exchange index (PSEi) dropped 1.6 percent—or 96.24 points—to close at...
Continuing its recovery from last week’s sell-off, the Philippine Stock Exchange index (PSEi) rose for a third straight trading day on Monday, June 29, as easing concerns over the Middle East conflict and a stronger peso lifted investor sentiment. The main index gained 61.17 points, or 1.01...
Continuing its see-saw performance this week, the Philippine Stock Exchange index (PSEi) bounced back above the 6,000 level on Thursday, June 25, as easing oil prices spurred bargain hunting. The main index rose by 79.69 points, or 1.33 percent, to close at 6,071.06. The recovery of index...
