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The Philippine peso, which lagged its peers in Asia this quarter, may get a boost in December with millions of Filipinos abroad set to send record amounts of money home to help families suffering from the pandemic and the recent typhoons.

December is a seasonally strong month for the peso, with the currency gaining in the period…

A bank executive said the Philippine economy can rely on the fundamentally-strong financial sector to remain on track as it clambers from recession.

Security Bank Treasurer Raul Martin A. Pedro said in a webinar on Thursday that the banking sector has maintained a robust capitalization even before the lockdown measures against the pandemic pushed the economy…

​The Monetary Board approved the recognition of digital bank as a new bank category that is separate and distinct from the existing bank classifications.  A digital bank is defined as a bank that offers financial products and services that are processed end-to-end through a digital platform and/or electronic channels with no physical branches. This is…

THE CENTRAL BANK has room to remain accommodative if there is further need to support the economy towards recovery, Bangko Sentral ng Pilipinas (BSP) Deputy Governor Francisco G. Dakila, Jr. said.

“For the foreseeable future, while there’s this impact of the pandemic that’s dampening of economic activity, then you can expect that the policy stance will…

THE Bangko Sentral ng Pilipinas (BSP) on Thursday announced that it has approved the Philippines’s digital banking framework.

The framework aims to recognize digital banks as a new bank category separate and distinct from the existing bank classifications.

Digital bank is defined as a bank that offers financial products and services that are processed end-to-end through a…