Philippines
Philippine central bank slashes policy rate again by 50bp
It has already reduced the rate by a total of 125bp.
Philippine central bank slashes policy rate again by 50bp
It has already reduced the rate by a total of 125bp.
Philippine banking system faces $13.8b in impairment losses
A severe stress scenario in the weak real estate sector will drive up NPL ratios.
Missing Wirecard money not in the Philippine banking system
Lenders BDO and BPI have denied their involvement in the scandal.
Philippine banks have solid defences against COVID-led risks: analysis
The resilience of large corporates is key to quelling credit losses.
ADB, UN ESCAP boost partnership amidst pandemic
The two organisations will work together to address COVID-caused issues in Asia.
Grab pilots GrabPay Card in the Philippines
It comes with a digital version within the Grab app.
Former MAS chief data officer is UnionBank's new senior adviser for data and AI
David Hardoon led the development of AI strategy for MAS and Singapore’s financial sector.
Philippine banks' credit losses to rise threefold in 2020
Credit costs in select banks have already increased by up to 4.9%.
UnionBank bolsters digital tools amidst Philippine lockdown
It recorded a 160% surge in online banking sign-ups in March.
Chart of the Week: Philippines may cut policy rate further by 50bps in Q2
A further 200bps cut may happen in 2020 if the pandemic extends beyond June.
Philippine banks' asset quality face decay amidst region-wide lockdown
The monetary board’s 50bp policy cut will put additional pressure on NIMs.
Philippines suspends financial market amidst country-wide lockdown
The Philippine Stock Exchange has been closed indefinitely.
ADB temporarily closes headquarters due to COVID-19
A visitor reportedly tested positive for the coronavirus.
COVID-19 spells slow loan growth, higher NPLs for Philippine banks
Credit growth will likely be down to 8-10% in 2020.
Philippine central bank bolsters small lenders' capital
Small banks should allot a minimum 6% CET1 ratio and 7.5% Tier 1 ratio.
UnionBank launches forex mobile platform
Customers will be able to access forex rates throughout the day.
UnionBank launches forex mobile platform
Customers will be able to access forex rates throughout the day.
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Technology to underpin future of financial services
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Banks should boost their online infrastructure as digital assets become the norm.
Banks should boost their online infrastructure as digital assets become the norm.
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