Banking & Insurance
Recto joins MB as Cabinet representative
President Ferdinand R. Marcos, Jr. has designated Department of Finance (DOF) Secretary Ralph G. Recto as Cabinet representative to the monetary board (MB), the highest policy-making body of the Bangko Sentral ng Pilipinas (BSP).
Yields on treasury bills allowed to rise at auction; P15B offer attracts strong bids
The Bureau of the Treasury continued to allow treasury bill yields to rise at Monday’s auction, with demand for short-term debt paper still strong.
Philippines December balance of payments at USD642 million surplus
The Philippines’ overall balance of payments showed a surplus of USD642 million in December, up from USD612 in the same period in 2022, the Bangko Sentral ng Pilipinas said.
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.
