President Marcos has encouraged the Hongkong and Shanghai Banking Corporation (HSBC) to help in creating an environment where investors and the people view the Philippines as a "nation of promise." Marcos graced the 150th anniversary celebration of the HSBC held in Bonifacio Global City in Taguig...
HSBC has been part of the Philippine story for 150 years. What began in Binondo in 1875 supporting the sugar trade has grown into a bank that has helped shape many chapters of the country’s history, from financing the country’s first railway, restoring pre-war balances after World War II, to...
The Philippines should leverage its services sector to stand out in the global investment landscape, as competition with manufacturing-led economies is well out of reach, according to an HSBC economist. The country has been lagging behind its peers in Southeast Asia in terms of attracting foreign...
LONDON, England—When a country greenlights nuclear power projects, it exposes stakeholders to significant risks. Who reaps the revenue? Who will bear the burden of a fallout? And who gets stuck with the bill? At the recent World Nuclear Symposium in London, one question came up again and again:...
In a shift from its recent cautious stance, British banking giant HSBC now believes the Bangko Sentral ng Pilipinas (BSP) has the room to quicken and deepen its monetary easing cycle, driven by continued positive developments in the inflation outlook. According to HSBC ASEAN Economist Aris...
Despite recent interest rate cuts by the Bangko Sentral ng Pilipinas (BSP), inflation hitting nearly six-year lows in recent months, and still-muted second-quarter growth in some sectors, further reductions in key borrowing costs are seen as necessary. “We think the second-quarter GDP [gross...
Expectations of further cuts in key borrowing costs as early as this month have grown stronger, driven by last month’s nearly six-year low inflation and lingering economic threats from United States (US) tariffs. Following the below one-percent headline print in July, private-sector economists...
Private-sector economists expect the Philippine economy to have expanded at a faster pace in the second quarter, compared to the first three months, driven by robust household consumption during the midterm election period, even amid external headwinds. The consensus growth forecast stands at 5.6...
With President Ferdinand Marcos Jr. only managing to secure a one-percentage-point (ppt) reduction in tariffs on Philippine exports to the United States (US), the country is seen to lose its “minimal” competitive edge over its regional peers—an advantage it enjoyed due to a strong peso and...
In today’s rapidly shifting financial services landscape, organizational resilience depends not only on strategy and innovation—but also on people. At HSBC Philippines, this belief is more than cultural; it’s operational. The bank’s long-term success has been built on individuals who lead...
SAMAL Island – The Hong Kong and Shanghai Banking Corp. (HSBC) reaffirmed its deep commitment to Davao City and other parts of the country as it celebrated its 150th anniversary at Discovery Samal in Island Garden City of Samal, Davao del Norte, on Friday night, June 20. HSBC Philippines...
HSBC expects the Philippine peso to strengthen to the ₱55 level by year-end, a trend that could be supported by a widely expected potential cut by the Bangko Sentral ng Pilipinas (BSP) to counter the decline in the services sector due to a “stronger” peso. In an HSBC investment outlook report...
