Banking & Insurance

Fed keeping US rates steady may force BSP to delay rate cuts to 2025

The decision by the Federal Reserve to hold US interest rates steady following May's inflation data, which came unexpectedly unchanged, could have dimmed expectations for a rate cut by the Bangko Sentral ng Pilipinas during its August policy meeting. 

Pinoy-centric fintech secures fresh funds for expansion

BayaniPay, a global payments process automation company, has secured an additional USD3 million in funding to fuel the expansion of its global payments capabilities, putting them on track for a tenfold increase in growth this year.

Maya’s strength is the bank, not its wallet – MVP

Digital bank and e-wallet platform Maya is unlikely to undertake an initial public offering (IPO) in the next two years, according to the man...

Financial confidence among Filipinos is low

Financial confidence among Filipinos is low, particularly as this concerns rising healthcare costs and inflation, a new research by Manulife shows. 

Yield on treasury bills auctioned Monday lower compared to secondary market

Yields were mostly lower at the auction Monday as the market awaits the decision of the U.S. Federal Reserve later this week on key interest rates.

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