Banking & Insurance
February foreign currency reserves settles at USD102.7B
The country’s gross international reserves (GIR), based on preliminary data, settled at USD102.7 billion as of end-February 2024 from the end-January 2024 level of USD103.3 billion.
Foreign brokers dance around securities regulations offering Filipinos investment instruments sans SEC approval
Foreign brokers have subverted domestic securities regulations by offering investment products online without proper Securities and Exchange Commission (SEC), forcing government agencies in recent weeks to block certain websites and mobile phone applications.
BSP governor rules out easing rates ‘soon’
The central bank governor on Wednesday ruled out rate cuts anytime soon due to upside inflation risks and signaled that borrowing costs will remain higher for longer.
ING completes share buyback program
The Dutch financial services giant ING on Wednesday reported completing the share buyback program it announced in November last year. The shares it bought back under the program totaled 194,812,543 ordinary shares at an average price of €12.87 for a total consideration of €2,508,135,596.18.
JCRA affirms Philippines A- rating, stable outlook
The Japan Credit Rating Agency, Ltd. (JCRA) has kept the country's investment-grade credit rating of A minus (A-) with a stable outlook.
