Peso tumbles to P55-per-dollar level as headline inflation surges in Jan.
THE PESO sank to the P55-per-dollar level on Tuesday as January headline inflation was faster than expected and amid hawkish signals from the US...
Gov’t awards T-bills at mostly lower rates
THE GOVERNMENT fully awarded the Treasury bills (T-bills) it auctioned off on Monday as rates mostly dropped after the offer was oversubscribed.
The Bureau of...
Philippine banks told to target elderly, poor to boost inclusion
FINANCIAL INSTITUTIONS in the Philippines should target the elderly and marginalized groups in expanding their customer base to boost inclusion, a report from the...
IC eyes talks on planned hike in catastrophe risk premiums
THE Insurance Commission (IC) will hold discussions with stakeholders on the proposed increase in catastrophe risk premiums for a more “inclusive” approach after the...
Peso down vs dollar on strong job data
THE PESO slumped against the dollar on Monday following the release of stronger-than-expected US labor data.
The local currency closed at P54.39 versus the greenback...
T-bill, RTB rates to track secondary market yields
RATES of the Treasury bills (T-bills) and retail bonds on offer this week could track secondary market levels on expectations of ample demand from...
LANDBANK net income climbs 38.2% to P30.1 billion in 2022
LAND BANK of the Philippines (LANDBANK) posted a 38.2% increase in its net income in 2022 on improved interest income from loans and investments...
GSIS posts 15% increase in gross nonlife insurance premiums in 2022
GOVERNMENT Service Insurance System (GSIS) saw a 15% increase in gross premiums written in its nonlife insurance business last year, it said in a...
Yields on government debt slip on Fed, RTB offering
YIELDS on government securities (GS) slipped last week after US Federal Reserve’s rate hike and the announcement of the Bureau of the Treasury’s retail...
Peso may climb further vs dollar on dovish Fed, retail bond offer
THE PESO may strengthen this week after the US Federal Reserve delivered a smaller rate hike and with the government set to begin its...
Reforms seen to boost fund management industry
THE BANGKO SENTRAL ng Pilipinas (BSP) on Thursday said it is pursuing several reforms, including a simplified licensing framework for unit investment trust funds...
IT-BPM industry and outlook
By Flor G. Tarriela
HOW is the Information Technology and Business Process Management (IT-BPM) industry and what are its prospects? I sought out Jack Madrid, president and CEO of the IT Business Processing Association of the Philippines (IBPAP), who talked passionately about the industry.