THE world of finance is an ideal testing ground for exploring the possibilities of artificial intelligence (AI). We’re already seeing how data-driven technologies help influence our financial behavior: there are tools that use AI to assist users in investment research, and there are local apps that help people track expenses better, and that even recommend credit cards that best suit consumers’ needs.
REMOTE work and data storage on the cloud are considered among the top cybersecurity threats that could compromise consumers’ financial and other personal data, according to the Bankers Association of the Philippines (BAP).
THE national government raised P100 billion from the sale of Treasury bonds (T-bonds) this month with the Bureau of Treasury (BTr) capping the last tender with a full award on the back of easing yields.
THE gross merchandise value (GMV) of items bought using “buy now, pay later” (BNPL) options is expected to surge 173 percent by 2024, driven significantly by an increase in mobile commerce (m-commerce) penetration, according to financing firm Digido Finance Corp. (UnaCash).
UNION Bank of the Philippines (PSE: UBP) announced the roll out of two investment funds to leverage its acquisition of the retail banking business of Citigroup Inc. in the Philippines.
FORMER Socioeconomic Secretary Ernesto M. Pernia recently lamented the high Philippine population growth rate that had caused the stunting of the economic growth of the nation. Pernia was the sixth of six former NEDA heads who spoke at the UP School of Economic Auditorium in 2023- reflecting “50 Years of Economic Policy-Making.”
A measure seeking to impose stringent penalties against digital financial fraud should be prioritized by members of the Upper Chamber of Congress, a Congressman said last Tuesday.
ANOTHER money changer was convicted by the Regional Trial Court (RTC) of Makati City for violating regulations of the Bangko Sentral ng Pilipinas (BSP).
SENATE probers are keen to keep close watch of the Bureau of Internal Revenue involving the BIR’s so-called “Letter of Authority” (LOA).
THE House Committee on Ways and Means on Tuesday approved the tax provisions of a measure providing for the regulation of the organization and operation of community groups known as “paluwagan.”
LOCAL currency bond yields (LCY) benefitted from the high-interest rates in the Philippines and other parts of the region, according to the Asian Development Bank (ADB).
THE Biden administration will announce a redoubling of measures to strengthen supply chains on Monday, expanding an effort it credits with helping to ease post-pandemic inflation.
THE combination of elevated global interest rates and pre-existing weaknesses remain a threat to world financial-market stability, Singapore’s central bank has warned.
THE South Korean won will probably maintain its lead as the best-performing Asian currency this quarter, keeping ahead of the Thai baht, according to analysts.
AMPLE international reserves and foreign exchange inflows would prevent the Philippine peso from weakening to beyond P57 against the greenback in the medium term, according to the Department of Finance (DOF).
GOKONGWEI-led GoTyme Bank Corp. and PayMongo Philippines Inc. have inked a partnership to expand financial loans among small-scale and medium-sized enterprises (SMEs).
THE Board of the People’s Survival Fund (PSF), chaired by the Department of Finance (DOF), has approved five climate change adaptation projects endorsed by the Climate Change Commission (CCC) amounting to P540.3 million.
THE local business of JPMorgan Chase and Co. (NYSE: JPM) credits the pro-family benefits the banking and financial services firm provide to employees as a reason it has status as one of the best places to work.
THE local business of Canada-based Manufacturers Life Insurance Co. (Manulife) recently announced the appointment of Sailesh Nalinakshan as Chief Agency Officer (CAO) and Grace M. Mallabo as Chief Health and Product Officer (CHPO) of the The Manufacturers Life Insurance Co. (Manulife PHL).
THE Securities and Exchange Commission has made permanent the cease and desist order (CDO) against Casa Infini Builders and Realty Co. Ltd. and Casa Infini Realty Management Co. Ltd. The regulator also revoked the corporate registration of Bagong Bansang Maharlika (BBM) International Inc. for operating as a non-government organization without the necessary licenses.