Philippine stocks and the peso moved up Thursday ahead of the Bangko Sentral ng Pilipinas’ decision to keep the benchmark interest rate steady at 6.5 percent. Analysts said local shares sustained their upward momentum as investors took positive cues from Wall Street’s overnight performance. The 30-company Philippine Stock Exchange index added 20.35 points, or 0.33 […]
The post PSE index nears 6,200 level appeared first on Manila Standard.

The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) kept the overnight borrowing rate steady at 6.5 percent amid the slowdown in inflation in October and the stronger gross domestic product expansion in the third quarter. The BSP, however, remained hawkish, saying it might resume monetary policy tightening if needed to make sure inflation […]
The post BSP keeps interest rate at 6.5% appeared first on Manila Standard.

The rise of the financial technology (fintech) industry paved the way to easier financial access, addressing the need for financial inclusion. JuanHand, a leading online lending platform licensed by the Securities and Exchange Commission, continues to blaze the trail in serving millions of Filipinos who are credit-worthy yet underserved. WeFund Lending Corp., owner of the […]
The post JuanHand, SeaBank team up to launch loan channeling financing in the Philippines appeared first on Manila Standard.