Peso up on easing COVID-19 cases
THE PESO strengthened against the dollar on Monday amid easing coronavirus disease (COVID-19) cases and expectations of steady inflation last month.
Credit Suisse chairman says he is ‘truly sorry’ for bank’s demise
ZURICH — Credit Suisse’s chairman apologized for taking the Swiss bank to the brink of bankruptcy, as he faced shareholder fury over the demise...
LANDBANK to boost lending to agriculture
LAND BANK of the Philippines (LANDBANK) said Mindanao will receive the biggest chunk of the bank’s loans, with the region having the biggest agricultural area in the country.
Peso weakens ahead of US GDP
THE PESO weakened further on Wednesday as the dollar strengthened across Asian currencies ahead of the first-quarter US economic data release.
Peso rises further versus dollar as US imposes new sanctions on Iran
THE PESO rose further to hit a fresh one-year high on Tuesday as the dollar remained weak due to tensions between the United States and Iran.
Gov’t partially awards T-bill offer
THE GOVERNMENT made a partial award of the Treasury bills (T-bills) it auctioned off on Tuesday as investors continued to ask for higher yields...
Senate bill seeks to counter consumer fraud and abuse
A MEASURE giving more power to financial regulators to counter consumer fraud and abuse in availing financial products has been filed in the Senate.
UnionBank to deactivate magnetic cards in March
UNIONBANK of the Philippines is set to deactivate all magnetic stripe cards by the end of March in line with the industry’s migration to...
CA affirms insurance firm’s P4.87-M surety bond liability to travel agency
THE Court of Appeals (CA) affirmed the Insurance Commission’s (IC) order to Centennial Guarantee Assurance Corp. (CGAC) to pay its P4.87-M surety bond obligation to Travel Managers International, Inc.
Pag-IBIG Fund posts lower net profit in 2020
THE HOME Development Mutual Fund (Pag-IBIG Fund) saw its net income drop by 10.9% last year amid the coronavirus pandemic, with its housing loans reaching an all-time high towards the end of 2020, the Department of Finance (DoF) said on Wednesday.
Overseas Filipino Bank launches fully digital system
OVERSEAS FILIPINO Bank (OFBank) has launched its new, fully digital system on Monday, which aims to expand its reach to Filipinos around the world through online banking.
Yields on 10-year Treasury bonds may drop as March inflation eases
THE RATE of the 10-year Treasury bonds (T-bond) on offer today will likely decline as market participants price in the latest domestic inflation print.