Banking & Insurance
Credit trust rising but barriers to wider adoption persist – survey
The trust or faith Filipinos put in the credit products put out by the various financial institutions has increased significantly based on the latest credit perception index or CPI conducted by the private credit reference firm TransUnion.
BSP flags fraudulent papers with forged signatures
The Bangko Sentral ng Pilipinas (BSP) has issued an official advisory cautioning the public against fraudulent documents falsely bearing the BSP name, logo, and forged signatures of its officials.
PSBank’s P5B bonds draw strong demand
Philippine Savings Bank (PSBank), the thrift banking unit of the Metrobank Group, successfully listed P5 billion worth of fixed-rate bonds on the Philippine Dealing & Exchange Corp. On Monday. This issuance represents the third tranche under the Bank’s P40 billion bond program.
GCash rejects revenue hit from gambling site delinking mandate
E-wallet giant GCash said the Bangko Sentral ng Pilipinas’ (BSP) regulatory directive to sever links with online gambling platforms has had no material impact on its revenue flow, citing the company’s diversified income streams.
T-Bill yields fall further amid policy easing outlook
Yields on Treasury bills continued to decline at Monday’s auction, as expectations of further monetary policy easing gained ground amid slowing inflation.
