News Philippines Banks: Philippines Central Bank Raises Policy Rates to Help Tame Inflation -- Update
By Kosaku Narioka The Philippine central bank raised its benchmark interest rate for the first time in three-and-a-half years to help contain elevated...
News Philippines Banks: Southeast Asian payments infrastructure unicorn Xendit banks $300M
Xendit, a payments infrastructure platform for Southeast Asia, has raised $300 million in fresh funding. The company’s new valuation wasn’t disclosed, but it hit unicorn status in its last round of funding in September 2021. The new round brings its total raised to $538 million and was led by Coatue and Insight Partners, with participation […]
News Philippines Banks: Philippine central bank raises interest rates to curb inflation
MANILA, May 19, 2022 (AFP): The Philippine central bank raised interest rates Thursday for the first time in more than three years, in a bid to curb inflation as rising fuel prices and food shortages ...
News Philippines Banks: Philippine central bank raises key rates for first time in 3 years
Policy rate raised by 25 basis points in move to curb inflation Manila: The Bangko Sentral ng Pilipinas (BSP) on Thursday raised its policy rate — the first time in over three years. It was the ...
News Philippines Banks: Asian Development Bank approves US$2 million grant to help Philippine typhoon victims
The Asian Development Bank (ADB) said on Wednesday it has approved a US$2 million grant to support the Philippine government's emergency response to Typhoon Rai, which brought destruction to central ...
News Philippines Banks: Philippines banks on solid economy to entice Japanese investors
CEBU, Philippines — The Philippines has intensified its stance to woo more Japanese investors to come banking on the country’s solid economic fundamentals and sustained recovery. During the recently ...
News Philippines Banks: Philippine Bank to Offer Bitcoin Trading: Report
The Union Bank of the Philippines reportedly plans to offer trading and custody of bitcoin and cryptocurrency. The Union Bank of the Philippines is planning to offer bitcoin and cryptocurrency trading ...
News Philippines Banks: Philippines is banking on domestic tourism to revive the industry, says country's tourism department
Verna Buensuceso of the Philippines' department of tourism discusses Covid-19's effects on the country's travel industry and what its plans are.
News Philippines Banks: S&P sees 5 to 7% credit growth for Philippine banks
S&P Global Ratings expects Philippine banks to enjoy a sustained credit growth of five to seven percent this year amid the return of corporate and individual borrowers as the country continues to ...
