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...
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...
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...
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...
HSBC Wealth Philippines aims to increase its share of the high-net-worth market, anticipating a doubling of affluent clients over the next five years, despite economic uncertainties. “We are looking to grow our market share,” said Pramoth Rajendran, head of international wealth and premier...
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...
