Central banks should move quickly to address economic pains when interest rates are already low, the president of the New York Federal Reserve Bank said Thursday. […]

Japanese Finance Minister Taro Aso on Wednesday urged his G7 counterparts to make a comprehensive assessment of Facebook Inc’s Libra digital currency for any fresh challenges that could be overlooked by existing regulations. […]

Group of Seven finance chiefs cast a cloud over prospects for Facebook’s Libra digital coin on Wednesday, insisting tough regulatory problems would have to be worked out first. […]

Federal Reserve Chairman Jerome Powell said Tuesday that the 2008 financial crisis accelerated major changes in the US and global economies, leading to slower growth, lower inflation and lower interest rates. […]

Listed Metropolitan Bank & Trust Co. (Metrobank) is ramping up its transformation journey to serve the evolving needs of its customers. […]

President Donald Trump's aggressive trade actions sparked a "shock" to business confidence which could impact the economy, and contributes to the case for cutting rates, Federal Reserve Chairman Jerome Powell said Wednesday. […]

The US Federal Reserve has created a "working group" that is coordinating with government agencies and other central banks to consider the implications of Facebook's planned virtual currency Libra, chairman Jerome Powell said Wednesday. […]

Pointing to a weaker global economy, rising trade tensions and chronically low inflation, Chairman Jerome Powell signaled Wednesday that the Federal Reserve is likely to cut interest rates late this month for the first time in a decade. […]

China Banking Corp. successfully tapped the onshore debt market raising P30 billion via its maiden fixed rate bonds issue, six times the original issue size of P5 billion. […]

The financial sector accounted for the largest share or a third of the P1.19 trillion funds raised via the issuance of bonds and commercial papers over the past few years. […]

British Airways has been fined more than £183 million after computer hackers last year stole bank details from hundreds of thousands of passengers, its parent group IAG said Monday. […]

Megaworld subsidiary Global-Estate Resorts, Inc. (GERI) is building a second tower for Tulip Gardens inside its 561-hectare Southwoods City township, following the successful take-up of the first tower in July last year.&nbs […]

The capitalization of Philippine banks breached the P2 trillion level last year amid the capital build-up undertaken by industry players in anticipation of faster credit growth, the Bangko Sentral ng Pilipinas (BSP) said in a report. […]

Consumers are seen to benefit from a bill approved by the Senate on final reading that would criminalize and impose harsher penalties against hackers accessing online bank accounts and ATM skimming. […]

If Facebook's new cryptocurrency should resonate anywhere it should be India, where the social media giant has more than 300 million followers. […]

ArthaLand, leader in green office development, is on-track to grow its development portfolio by five times. […]

Philippines banks have tagged mandatory credits, anti-money laundering, and information technology (IT) risk management as the most challenging areas in terms of compliance. […]

The Bangko Sentral ng Pilipinas (BSP) has cautioned the public against operators of automated teller machines (ATMs) and online platforms handling virtual currency (VC) transactions, particularly bitcoin. […]

Luxury developer Ayala Land Premier breaks new ground and blazes a new trail with One Vertis Plaza, their first ever office project. […]

Grab, Southeast Asia’s most valuable start-up, is exploring a move into Singapore banking as regulators in the Southeast Asian city-state consider allowing online-only banks, four people with knowledge of the process said. […]

The Bangko Sentral ng Pilipinas (BSP) is set to pilot test the on boarding of government transactions in the National Retail Payment System (NRPS) in the third quarter as it aims to increase the level of cashless transactions to 20 percent by 2020 from about one percent. […]

For the past 49 years, one organization has been relentless in making its mission of providing a home for every Filipino a reality. […]

Rizal Commercial Banking Corp. (RCBC) is gearing up for the paradigm shift to a digitalized society especially in banking, financial services and insurance from a heavy cash-based economy. […]

The Bangko Sentral ng Pilipinas (BSP) is now identifying the types of financial instruments to be covered by the reserve requirement ratio (RRR) for banks in light of the recent amendments to the charter of the central bank. […]

Facebook has been in contact with US and British financial regulators with a view to launching its own cryptocurrency next year, the BBC reported on Friday. […]

Risks to the US economic outlook, including trade uncertainty and Brexit, have receded but are still present, the US Federal Reserve said Wednesday. […]

The Bangko Sentral ng Pilipinas (BSP) slashed benchmark interest rates by 25 basis points (bps) to 4.50 percent as inflation continues to be manageable and the BSP has the flexibility to adjust rates lower, not strictly as support to economic growth. […]

President Donald Trump's latest choice to become a member of the Federal Reserve board withdrew from consideration on Thursday, his fourth pick to fail to make it through the process. […]

The US central bank opened its third policy meeting of the year on Tuesday under renewed attack from President Donald Trump, who called on officials to reverse course and cut interest rates. […]

From startups to established enterprises, businesses are poised to grow tenfold in Megaworld’s 140-hectare Maple Grove township in General Trias City, Cavit […]

Megaworld, the country’s pioneer and largest developer of integrated urban townships, has launched another residential project in its 31-hectare Westside City township in the bustling Entertainment City in Parañaque City this year. […]

Abolishing the myriad of obstacles for African women to become entrepreneurs must be a priority on a continent where poverty continues to grow, World Bank CEO Kristalina Georgieva said Tuesday. […]

Increased lending by China to developing nations is increasingly under the spotlight amid concerns that growing debt burdens and onerous conditions could sow the seeds of a crisis. […]

David Malpass, a senior US Treasury official and staunch supporter of President Donald Trump, was unanimously chosen Friday as the next president of the World Bank. […]

  By Agence France-Presse Global growth in 2019 should be even slower than previously expected but a “precarious” rebound later this year is likely, the head of the International Monetary Fund said Tuesday. In a speech ahead of next week’s spring meetings in Washington with the World Bank, IMF chief Christine Lagarde said the world […]

The central bank left its key rate unchanged at 4.75 percent during Thursday’s Monetary Board meeting, the third time the interest rate was untouched, based on a more stabilized inflation expectations and easing price pressures. […]

Germany's two biggest lenders, the ailing Deutsche Bank and Commerzbank, said Sunday they would launch formal talks toward a possible merger that could create a "national champion" in financial services. […]

By Agence France-Presse The pound extended its rally in Asian trade after British Prime Minister Theresa May hammered out a revision to her controversial Brexit deal she hopes will be enough to push through parliament. The surge in sterling came as regional equity markets pushed higher following a positive lead from Wall Street, with tech […]

Newly-appointed Bangko Sentral ng Pilipinas (BSP) Governor and former Budget Secretary Benjamin E. Diokno said on Tuesday that he is ready to take on the challenge of leading the central bank in providing a fertile ground for inclusive growth. […]

A number of banks have issued advisories on their branch, ATM, and electronic banking operations on February 25, anniversary of the EDSA People Power Revolution, for their clients to do their banking transactions accordingly. […]

The national government surpassed its spending program last year, which still outpaced the slightly above target revenue collections that resulted in higher-than-expected budget deficit, the Bureau of the Treasury reported Thursday. […]

The Bangko Sentral ng Pilipinas (BSP) has issued fresh warning against malicious actions or misdeeds that destroys banknotes and coins, or the country’s currency, and is reminding the public that such is a punishable offense. […]

President Donald Trump's choice to lead the World Bank is a firebrand critic of the world's largest anti-poverty lender -- an institution he has called wasteful, corrupt and overly generous to China. […]

US President Donald Trump is due on Wednesday to unveil a controversial candidate to lead the World Bank, a choice that could spark a revolt against US dominance of the institution. […]

The search for a new leader for one of the most high-profile global organizations begins Thursday and seems likely to end again with selection of the US candidate. […]

The Philippines achieved an economic freedom score of 63.8, making the economy the 70th freest in the 2019 Index of Economic Freedom (IEF), the Heritage Foundation announced. […]

Big banks’ outstanding loans grew by 15.6 percent year-on-year in December 2018, it is a slower pace of growth compared to November’s 16.8 percent. […]

Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla Jr. said he will be on a fluid schedule while taking off from work to continue with his cancer treatment. […]

  By Lee Chipongian  Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla Jr. is extending his medical leave after announcing earlier this month that he will be consulting US doctors for his cancer treatment. Espenilla has assigned one of his three deputy governors, Chuchi G. Fonacier, who became deputy governor last July 2017, in […]

The country’s foreign portfolio investments registered net inflows of $1.2 billion in 2018 compared to net ouflows of 2017 amounting to $195 million. […]

China published a five-year blueprint on Friday seeking economic and financial integration between southern Guangxi province and Southeast Asia, representing Beijing’s latest effort to promote international use of the yuan currency. […]

Former UN Ambassador Nikki Haley and US President Donald Trump's daughter and adviser Ivanka are among possible US candidates to replace outgoing World Bank President Jim Yong Kim, The Financial Times reported Friday. […]

The World Bank Board said Thursday it would start accepting nominations for a new leader early next month and name a replacement for outgoing-President Jim Yong Kim by mid-April. […]

The US economy could take a clear hit from the government shutdown if it continues for a long time, Federal Reserve Chairman Jerome Powell said Thursday. […]

The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) approved another round of foreign exchange (FX) policy liberalization to give banks more access to FX resources. […]

In a bid to bolster its digitalization efforts, BPI has introduced new features in its mobile application for seamless and convenient transactions while maintaining high security for users. […]

Trade conflict between the world's two largest economic powers already is inflicting collateral damage and threatens to do yet more harm to the global economy, the World Bank warned Tuesday. […]

The country’s gross international reserves (GIR) reached $78.46 billion in 2018, which is less than the hoped-for original estimate of $80 billion, based on Bangko Sentral ng Pilipinas (BSP) data. […]

Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla Jr. is not considering retirement but will seek “validation” from US doctors for his cancer-recovery and medical treatment. […]

The US central bank sent a strong signal on Friday that it would be willing to reconsider expected interest rate hikes amid new data showing President Donald Trump's multi-front trade wars are dragging on the economy and shaking up investors. […]

The head of Goldman Sachs defended the investment bank's handling of the scandal-plagued Malaysian fund 1MDB on Friday, saying much criticism of the financial giant was unfair. […]

The US Federal Reserve raised the benchmark interest rate on Wednesday, staking its independence despite repeated attacks by President Donald Trump, but it also sent a clear signal it expects to take it slow next year in the face of plateauing growth. […]

US President Donald Trump again lashed out at the Federal Reserve on Monday for considering raising interest rates, on the eve of a meeting at which policymakers are widely expected to do so. […]

With easing price pressures, the Bangko Sentral ng Pilipinas (BSP) left benchmark overnight rate unchanged Thursday after five straight rate hikes. […]

The Philippines is one of the countries in Asia with low banking penetration rates, with up to 66 percent of Filipinos – or more than 69 million of the population – not having bank accounts. Most of the population also do not have a financial instrument of any sort, with 95 percent not having even credit cards. However, the market is ripe for digital disruption because of a high mobile penetration and a thriving young population. […]

The Philippines ranked first in Asia in financial inclusion and fourth in the world, according to the latest 2018 Global Microscope by the Economist Intelligence Unit (EIU). […]