Banking & Insurance
Philippines c.bank: rate hike transmission significant
The pass-through effect of the Philippine central bank's series of rate hikes since 2022 has been "quite significant", a senior Bangko Sentral ng Pilipinas official said on Friday.
GoTyme Bank reports acquiring record new depositors
GoTyme Bank, the Gokongwei digital lender jointly owned with Singapore's Tyme Group, reported acquiring an estimated 250,000 new customers a month the past three months, allowing it to report over 2.3 million customers only 14 months from when they first conducted business.
Digital lender CIMB Philippines targets 1.5 million new depositors
CIMB Bank, a digital-only lender with a commercial banking license, anticipates attracting as much as 1.5 million new depositors before the year is over.
Citi to cut 20 Asia Pacific equity research jobs – source
Citigroup is planning to lay off around 20 equity researchers in Asia Pacific as part of its global overhaul, a person with direct knowledge of the matter said.
Bill to amend CREATE Act to boost investments, enhance Philippines’ competitiveness
Proposed amendments to the Corporate Recovery and Tax Incentives for Enterprises, or the CREATE Law now pending at the House of Representatives but certified as urgent by President Ferdinand Marcos Jr., should foster more investments and enhance the country’s competitiveness, Colliers Research said Thursday.
