Banking & Insurance
T-bill yields decline on slower August inflation
Treasury bill yields were lower at Monday’s auction, dragged down by lower headline inflation in August that raised the possibility of further monetary policy easing by the central bank, the Bangko Sentral ng Pilipinas.
BPI Wealth’s digital accounts reach P1 Billion in assets under management
BPI Wealth, the wealth management arm of the Ayala-led Bank of the Philippine Islands (BPI), said its digital accounts surpassed P1 billion in assets under management (AUM) as of June 2024. This includes investments in unit investment trust funds (UITFs) and mutual funds, custody, and segregated portfolios opened and transacted online through its digital investment account opening platform, e-Invest by BPI Wealth.
Inflation-hit IDC secures P630 million loan from BPI
IDC Prime Inc., majority owned by boutique property developer Italpinas Development Corp., has secured a P630-million loan from the Bank of the Philippine Islands.
BSP welcome new monetary board member
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, Jr. has welcomed new monetary board member (MBM) Jose L. Querubin who took his oath of office at the BSP head office in Manila on 05 September 2024.
Homegrown payment experts commit to help SMEs deal with cybercrime
The Cybercrime Investigation and Coordinating Center (CICC) has forged a five-year pact helping PayMongo Philippines, Inc. protect small and medium enterprises (SMEs) from cybercrime.
