Insurance firms’ premium income climbs in 2018
THE INSURANCE INDUSTRY posted higher premium income in 2018 driven by robust growth across all sectors, the Insurance Commission (IC) reported.
Peso weakens on US data bets
THE PESO closed on a weaker note on Tuesday on the back of expectations of upbeat US producer inflation data.
Yields on seven-day term deposits inch lower
YIELDS ON the central bank’s term deposit facility (TDF) slipped on the back of higher bids as well as the slight recovery in oil prices.
Fitch sees peso trading in range around P48/dollar this year
The peso is expected to trade in a narrow range during the year around the P48-to-the-dollar level before weakening in 2022 as the economy...
Peso drops on weak trade data
THE PESO weakened further against the dollar on Friday as the country’s trade deficit expanded in December.
The local currency closed the week at P51.48...
Peso may stay at P55:$1 level
THE PESO may remain at the P55-per-dollar level this week following the release of US jobs data that could affect the US Federal Reserve’s...
UBS, Deutsche set the course for new era with new chairmen
TWO of Europe’s banking giants picked the leaders who will help chart their next era as they named successors for the chairmen who steered them through a decade of restructuring.
RCBC Bankard looking to issue five million cards over 10 years
THE CREDIT CARD arm of Rizal Commercial Banking Corp. (RCBC) eyes to issue five million cards over the next 10 years, as it sees growth in the non-card debt segment.
Peso returns to P49:$1 level on tax concerns
THE PESO grew stronger against the dollar on Thursday, returning to the P49 level for the first time in more than six months, as...
Peso rises on lower oil prices, dollar weakness
THE PESO strengthened on Monday as the dollar eased versus other major currencies and amid a decline in oil prices.
IC seeks repeal of NLRC resolution on bonds
THE INSURANCE COMMISSION (IC) is seeking the repeal of a National Labor Relations Commission (NLRC) resolution requiring surety companies to immediately pay appeal bonds to the winning party of a case despite the suspicion that they are fake.
Fed’s Rosengren wants two more hikes as economy grows
ONE MORE interest rate hike in 2018 won’t satisfy Eric Rosengren’s definition of gradual. In an interview, the president of the Federal Reserve Bank of Boston made clear that, barring an unexpected turn for the US economy, he’ll push for two more increases before year’s end.