Keisha Ta-asan

Philippines

Business Reporter at The Philippine Star (Philippine )

Business Reporter for the @PhilippineStar 🗞️

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Articles

Dollar reserves climb to $105.5 billion in May

3 weeks ago | philstar.com | Keisha Ta-asan

MANILA, Philippines — The country’s dollar reserves inched up to $105.46 billion as of end-May, driven by higher gold prices and net income from the Bangko Sentral ng Pilipinas (BSP)’s foreign investments. Based on preliminary data, gross international reserves (GIR) went up by 0.1 percent from $105.31 billion recorded a month earlier, marking the highest level in two months.
Consumers turn pessimistic for Q2

3 weeks ago | philstar.com | Keisha Ta-asan

MANILA, Philippines — Filipino consumers have turned pessimistic for the second quarter, but sentiment for the next 12 months remains optimistic, the Bangko Sentral ng Pilipinas (BSP) said. Based on the first quarter 2025 Consumer Expectations Survey (CES), the overall confidence index reverted to negative territory at -0.5 percent from 4.2 percent a quarter ago.
RCBC, MoneyHero partner to boost digital card usage

3 weeks ago | philstar.com | Keisha Ta-asan

MANILA, Philippines — Singapore-based fintech firm MoneyHero has partnered with Rizal Commercial Banking Corp. (RCBC) to expand credit card access in the Philippines, aiming to simplify the application process through a fully digital experience. Under the strategic alliance, RCBC’s full range of credit card products such as lifestyle, travel, rewards and premium cards will be featured on MoneyHero’s digital platform.
Japan credit watcher affirms Philippines rating

3 weeks ago | philstar.com | Keisha Ta-asan

MANILA, Philippines — The Japan Credit Rating Agency (JCR) has affirmed its A- rating on the Philippines, citing the country’s sustained high economic growth, robust domestic demand and low external debt levels as key factors behind the stable outlook. In its latest assessment, JCR said the ratings also reflect the Philippines’ resilience to external shocks, underscored by substantial foreign exchange reserves.
Maya, Visa partner for launch of cross-border fund transfer

3 weeks ago | philstar.com | Keisha Ta-asan

MANILA, Philippines — Global payments platform Visa and digital lender Maya Bank have teamed up to launch a new feature that allows users to transfer funds from foreign-issued Visa cards directly into their Maya wallets, streamlining cross-border transactions for overseas Filipinos.
BSP sees more room for interest rate cuts

3 weeks ago | philstar.com | Keisha Ta-asan

MANILA, Philippines — As global and domestic headwinds weigh on economic activity, the Bangko Sentral ng Pilipinas (BSP) said the May inflation outturn supports a more accommodative monetary policy stance. In a statement following the release of May inflation data that showed consumer prices easing to their slowest pace in over five years, the BSP said the latest print is consistent with its assessment of a manageable inflation environment over the policy horizon.
Banks’ disaster relief measures formalized

3 weeks ago | philstar.com | Keisha Ta-asan

Under BSP proposalMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is proposing to formalize a set of regulatory relief measures first introduced in response to previous calamities, as part of its broader push to boost the operational resilience of banks during disasters.
UnionBank launches P10 billion bond offering

3 weeks ago | philstar.com | Keisha Ta-asan

MANILA, Philippines — Union Bank of the Philippines is offering up to P10 billion in bonds, consisting of two fixed-rate tranches under its updated P100-billion bond program, to strengthen its capital base and support business expansion. In a disclosure to the Philippine Stock Exchange, the Aboitiz-led bank said the offering would consist of the 1.5-year senior fixed rate Series H bonds due in 2026, and the three-year senior fixed rate Series I bonds due in 2028.
PDIC asset disposal up 25% in 2024

3 weeks ago | philstar.com | Keisha Ta-asan

MANILA, Philippines — The Philippine Deposit Insurance Corp. (PDIC) saw a significant rise in asset sales for 2024, earning P411.4 million from the disposal of 281 properties, reflecting the state insurer’s effective asset disposal strategies. This is 24.7 percent higher than the P330 million generated in 2023. The total sales included assets acquired by the PDIC and those owned by closed banks. Of the 281 properties, 71 were PDIC-acquired while closed banks owned the remaining 210.
Asialink profit hits P1.1 billion in 2024

3 weeks ago | philstar.com | Keisha Ta-asan

MANILA, Philippines — Asialink Finance Corp. posted a higher net income of P1.1 billion in 2024, up by four percent from the previous year, as the lender continued to expand its nationwide footprint and roll out more loan products for underserved communities. The milestone was marked by the opening of Asialink’s 250th branch in Maramag, Bukidnon on May 23, a move the company said underscores its mission to bring accessible and relevant financial services to more Filipinos.