Banking & Insurance
EastWest Bank optimistic on corporate sector expansion amid lower interest rates
EastWest Bank is projecting a positive outlook for the corporate sector this year, driven by expected improvements in corporate earnings, lower consumer prices, and a reduction in interest rates by the central bank.
Treasury bill yields eased further at Monday’s auction
The average rates on treasury bills (T-bills) dropped at Monday’s auction, as strong demand pushed yields lower amid expectations of further monetary easing, following President Donald Trump’s call for additional interest rate cuts by the Federal Reserve.
Land Bank launches ASCEND program
The Land Bank of the Philippines has launched its Agri-Fishery Support thru Capability Enhancement for Nationwide Development (ASCEND) Program, aimed at providing annual support to at least 10,000 small farmers, fishers, and agrarian reform beneficiaries (ARBs) nationwide.
CICC warns of loan scams targeting BPI customers
The Cybercrime Investigation and Coordinating Center (CICC) is warning the public about an ongoing loan scam targeting customers of the Bank of Philippine Islands (BPI) through social media and SMS messages.
Monetary Board approves $3.21B public sector foreign borrowings in 4Q 2024
The Bangko Sentral ng Pilipinas (BSP) has approved USD3.21 billion in medium- to long-term foreign borrowings for the public sector in the fourth quarter of 2024.
