Peso weakens vs the dollar as UK, euro zone data spark recession fears

THE PESO weakened against the dollar on Wednesday amid weaker manufacturing data in Europe that roused fears of a global recession. The local currency closed...

Gov’t fully awards T-bonds amid strong demand

THE GOVERNMENT fully awarded the reissued 10-year Treasury bonds (T-bonds) it auctioned off on Tuesday at a lower average rate as investors expect inflation...

Insurtech firm Igloo looking to expand PHL product offerings

INSURTECH FIRM Igloo is set to spend a portion of proceeds from its latest funding round on making solutions more accessible to help increase...

ECB officials spar on rate outlook beyond Feb. hike

FRANKFURT/PRAGUE — European Central Bank (ECB) policy makers laid out diverging views on future interest rate hikes on Monday, suggesting that moves beyond next...

Direct selling company taps UBX to develop mobile app

A DIRECT SELLING company has partnered with UnionBank of the Philippines, Inc.’s financial technology unit to develop a mobile app for online transactions. The “super...

Peso rises to seven-month high as market awaits Fed meeting

THE PESO climbed to a seven-month high against the dollar on Tuesday on expectations of discussions of a pause in tightening at the US...

Gov’t fully awards Treasury bills as rates decline

THE GOVERNMENT fully awarded the Treasury bills (T-bills) it auctioned off on Monday as rates inched down across the board amid strong demand from...

BPI AIA names new chief executive

The BANCASSURANCE firm of Bank of the Philippine Islands (BPI) has appointed a new chief executive officer (CEO), it said in a statement on...

Manulife IM Philippines launches UITFs

MANULIFE INVESTMENT Management and Trust Corp. (Manulife IM Philippines) on Monday launched two new peso and dollar unit investment trust funds (UITFs). The two UITFs,...

CCAP welcomes BSP move to increase cap on card charges

THE CREDIT CARD Association of the Philippines (CCAP) welcomed the decision of the Bangko Sentral ng Pilipinas (BSP) to raise the monthly interest rate...

Peso steady amid US debt ceiling woes, PHL GDP bets

THE PESO closed unchanged against the dollar on Monday as negative sentiment brought by developments in the United States was offset by expectations of...

T-bill, bond rates may drop ahead of Fed review

RATES of government securities on offer this week could decline as investors look ahead to the US Federal Reserve’s first policy meeting for this...
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