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...
Filipinos do not need to worry about rising extra rice prices, as they are projected to fall due to better global supply, allowing the Bangko Sentral ng Pilipinas (BSP) to speed up the lowering of borrowing costs in the coming months, according to British banking giant HSBC. Aris Dacanay, chief...
CEBU CITY – Hopes are high for the Philippines’ economic growth as bankers are one in believing that the country’s potential is something that the global market should pay attention to. SANDEEP Uppal, president and CEO of Hong Kong Shanghai Banking Corp. (HSBC)-Philippines, shares his...
HSBC Philippines is optimistic about its growth prospects for the remaining months of the year, driven by the favorable economic environment and declining interest rates. Sandeep Uppal, HSBC Philippines president and chief executive officer, said the local unit of the British banking giant is...
Credibility is built through a long history of dependable service. This is how an international bank that has been in the Philippines for over a century continues to honor its commitment, growing together with the country and its people. “As we gear up to our 150th year in the Philippines in...
The Bangko Sentral ng Pilipinas (BSP) will likely keep the policy rate at 6.5 percent next week while the central bank navigates around a weak peso and a hawkish US Federal Reserve, global banks said. "Another central bank that may be under pressure to review its rate stance next week is the...
Millennials and Gen Z face unique financial challenges and opportunities shaped by a myriad of factors including economic conditions, technological advancements, and a global outbreak. Millennials, born roughly between 1981 and 1996, are characterized by higher levels of income compared to Gen Z,...
Summertime is coming. A lot of endless local and international adventures out there await to be experienced by families, couples, and even solo travelers for sure. But, whether going with loved ones or going solo, make sure to have it all laid out before starting your summer journey. How?...
The Hong Kong and Shanghai Banking Corporation (HSBC) has expressed its commitment to continue investing in the Philippines and supporting the government's economic agenda. President Ferdinand 'Bongbong' Marcos Jr. and HSBC Holdings Group Chairman Mark Tucker (Malacañang photo) HSBC Holdings Group...
A NIGHT OF SENSE AND SENSIBILITIES Guests were treated with an entertaining and captivating evening that touched on all their senses Hello, Dragon! What have you got for me? I’ve read conflicting reports, but I have faith in what my feng shui guide, my fortune guru, my career adviser, my friend,...
