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...
Even as the Philippine peso depreciated against the United States (US) dollar at a pace that was among the worst among emerging market (EM) currencies last week, the Bangko Sentral ng Pilipinas (BSP) is still expected to cut interest rates this week. Data from the Bankers Association of the...
With inflation accelerating to its lowest pace in nearly six years in May, private-sector economists expect the Bangko Sentral ng Pilipinas (BSP) to continue reducing key borrowing costs this month. Inflation slowed further to 1.3 percent in May from 1.4 percent in April, marking the slowest pace...
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...
Renewable energy (RE) infrastructure, particularly those focused on transmission and distribution, is poised to be the country’s most lucrative investment magnet in the near future. HSBC Hong Kong Global Financing Solutions Director Max Thomas had this to say, as he noted that the...
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...
