SEC lowers public float for some IPOs
THE SECURITIES and Exchange Commission (SEC) is allowing an initial public float of 15% for some companies seeking to go public, but subject to “strict” criteria.
Gov’t sets P735-billion local borrowing in Q2
THE NATIONAL GOVERNMENT is looking to borrow P735 billion from the domestic market in the second quarter, the Bureau of the Treasury (BTr) said...
DTI confident PHL will not be affected by US tariffs
DEPARTMENT of Trade and Industry (DTI) Secretary Ma. Cristina A. Roque on Thursday expressed confidence the Philippines will not be affected by reciprocal tariffs to be imposed by US President Donald J. Trump.
PHL financial system remains resilient but faces ‘moderate’ risks
THE COUNTRY’S financial sector is seen to remain robust and is well-positioned to absorb shocks, the Bangko Sentral ng Pilipinas (BSP) said, but noted...
Moody’s unit cuts PHL growth outlook
MOODY’S ANALYTICS trimmed its economic growth forecasts for the Philippines to below 6% for this year and 2026, reflecting the impact of uncertainties arising...
Peso may breach P60:$1 amid ‘unpredictable’ Trump policies
THE PESO may hit a record low of P60 against the US dollar this year amid heightened uncertainty arising from US President Donald J....
Strong growth to support Philippine banking sector — Fitch Ratings
THE PHILIPPINE banking system’s credit profile will likely remain stable on the back of the country’s strong macroeconomic fundamentals, Fitch Ratings said.
“Fitch Ratings...
BSP projects wider BoP, current account deficits
THE BANGKO SENTRAL ng Pilipinas (BSP) expects the country’s balance of payment (BoP) position to swing to a deficit this year, as well as post a wider current account deficit, largely due to global trade volatilities.
Cyber losses hit P5.82 billion in 2024 — BSP
FINANCIAL INSTITUTIONS supervised by the Bangko Sentral ng Pilipinas (BSP) lost P5.82 billion from cyberattacks in 2024, up 2.6% from the previous year, according to an official.
BSP says intervening less in peso, sees rate cut
The Philippine central bank has been intervening less in the currency market recently, and it appears on track to resume rate cuts in April,...
PHL, Japan ink P65-B loan deals
THE PHILIPPINES has secured P65.43 billion worth of loans from Japan to fund big-ticket infrastructure projects such as a four-lane bypass road in Davao...
S&P sees BSP cutting rates by 100 bps this year
CENTRAL BANKS in the Asia-Pacific including the Bangko Sentral ng Pilipinas (BSP) are expected to cut rates further this year, S&P Global Ratings said.
“As...