Banking & Insurance
PSA downgrades 2023 GDP to 5.5% on lower services, import numbers
The Philippine Statistics Authority on Thursday downgraded the growth estimate for 2023 to 5.5 percent from 5.6 percent.
PSE Board appoints SGV as external auditors for 2024
The Philippine Stock Exchange Inc. said Thursday its board approved the appointment of Sycip Gorres Velayo & Co. as external auditor of the operator of the country’s stock market for this year.
Asialink secures P300M credit line from Taiwan’s Cathay United Bank
Asialink Finance Corp. has secured a P300 million credit line facility from Taiwan’s Cathay United Bank, shoring up resources that small borrowers can tap into for their expansion plans.
Quadrennial event has the local cryptocurrency market on edge
Homegrown cryptocurrency exchange platform PDAX on Tuesday said it is prepared for the uncertainties that grip the digital currency market with the upcoming Bitcoin halving event.
7-year bond rate rises at auction after budget swings to deficit in Feb
The rate on seven-year bonds averaged higher to 6.229 percent at the auction held by the Bureau of the Treasury on Tuesday. Bid rates range from 6.20 percent and 6.35 percent.
