PHL continues to bleed dollars in October

The balance of payments (BOP), or what is left after the country’s foreign-currency expenses are deducted from its foreign-exchange earnings, stood as a deficit...

Hiked pensions boost 9-month SSS benefits payout

The benefit payouts of the Social Security System (SSS) increased by more than 30 percent to P127 billion as of the third quarter that...

Fintech firm preselling cryptocurrency for retail markets

Fintech service firm Appsolutely begins preselling LoyalCoin (LYL) cryptocurrency as a prelude to its token-generating event on December 11. Appsolutely will release 4.75 billion...

Professional group, ING Bank name Limcaoco CFO of the Year

Global financial-services firm ING Bank and finance professionals group Financial Executives Institute of the Philippines (Finex) announced on Monday Teodoro K. Limcaoco of Ayala...

PHL selling 1.4B RMB or P10.7B panda bonds

The Department of Finance (DOF) said the grants China provided to the Philippines, as well as its support in the planned panda bond sale,...

Real-time posting of SSS member contribution begins next year

The Social Security System (SSS) will begin so-called real-time posting of member-contribution payments under its electronic collection system (e-CS) by January next year that...

Manila’s turn to host customs meeting in 2018

The Bureau of Customs (BOC) said the Philippines will host a working meeting with the Brunei Darussalam-Indonesia-Malaysia-Philippines East Asean Growth Area (BIMP-Eaga) in 2018,...

Proposed OFB marketed as inclusive lender

Finance Secretary Carlos Dominguez III last Sunday welcomed Malacañang’s approval of the acquisition of the Philippine Postal Savings Bank (PPSB) by the Land Bank...

Oil rally may be inflation game changer for Asia central banks

The rally in oil prices is a potential game changer for inflation in Asia and will pressure central banks to lift interest rates after years...

Treasury offering RTBs anew worth P30 billion

The government is going back to the debt market with a planned sale of retail Treasury bonds (RTBs) worth at least P30 billion, the...

Fintech firm recasts digital-currency proposal

The enterprise software services and financial technology or fintech firm Appsolutely is confident of getting its business model approved by the Bangko Sentral ng...

Dominguez looking into unauthorized GOCC bonuses

The five-man Governance Commission for Government-Owned and -Controlled Corporations (GCG) Board will further look into the granting of unauthorized bonuses and allowances to eight...

Moody’s rates UnionBank a ‘Baa2’

The global credit watcher Moody’s Investors Service merited UnionBank with a positive assessment and assigned the lender a favorable credit rating for its performance. In...

What is an association?

Quite often in my “elevator pitches” of promoting and enlisting support for the advocacy of the “association of associations” that I lead and founded,...

Economist links manufacturing to more inclusive growth, poverty alleviation

Supporting the expansion of manufacturing is key to achieving sustained and inclusive economic development and to eradicating abject poverty in the Philippines, according to...

Real-time fund transfers set for Q1 next year

Real-time electronic-fund transfers at any time of the day should be available for financial consumers by early next year as the Bangko Sentral ng...

BSP relaunches merger program for rural lenders

The government launched anew the rescue program for problematic rural lenders under updated terms that allow them to consolidate or merge under more flexible...

The US yield curve is flattening and here’s why it matters

If you haven’t been paying attention to the persistent flattening of the United States yield curve, you’re way behind it. Peter Cecchini, chief market strategist...

‘Economy needs higher interest rates’

There is a growing consensus for the Bangko Sentral ng Pilipinas (BSP) to begin reining in the policy rates or, at the very least,...

BLGF  told to strengthen LGU fiscal autonomy

The Department of Finance (DOF) has challenged the unit overseeing local treasury financing and revenue administration to continue developing innovative programs to strengthen the...