PRU LIFE UK introduced a new investment-linked life insurance fund on Tuesday that promises a potential payout of up to 6% annually and is hedged in peso to minimize losses from foreign exchange volatility.

THE CENTRAL BANK has granted crypto exchange platform Coins.ph an Advanced Electronic Payment and Financial Services (EPFS) license, covering the operation of the Coins Pro exchange.

THE PESO weakened further against the dollar ahead of the release of November US consumer inflation data, which could affect the US Federal Reserve’s...

Goldman Sachs expects gold, with its real demand drivers, to outperform the highly volatile bitcoin in the long term, the bank wrote in a Monday research note. Gold is less likely...

SB FINANCE CO., INC., the joint-venture consumer lending firm of Security Bank Corp. and Thailand’s Bank of Ayudhya (Krungsri), announced their partnership with appliance and motorized vehicle dealer KServico on Monday on payment options for customers.

LOANS sought by local government units (LGUs) fell by 65.42% as of end-November, the Bureau of Local Government Finance (BLGF) reported.

SHANGHAI/HONG KONG — For more than a decade, Chinese developers’ debt-fueled construction boom enriched the country’s shadow banks, who were eager to capitalize on the needs of an industry desperate for credit and too risky for traditional lenders.

THE PESO weakened against the dollar on Monday as investors anticipate more rate hikes from the US Federal Reserve due to mixed producer inflation data released last week and as the Bangko Sentral ng Pilipinas (BSP) sees a wider balance of payments (BoP) deficit this year.

THE PHILIPPINE banking system is likely to remain resilient in 2023 despite headwinds stemming from higher borrowing costs and slowing global growth, Fitch Ratings said. 

LONDON — Britain set out a raft of measures on Friday to bolster the City of London’s role as a global financial center, under strain since Brexit ushered in new competition from Amsterdam, Paris and Frankfurt.

YIELDS on government securities (GS) declined last week to track global bond rates that also dropped amid recession fears and hopes of smaller hikes from the US Federal Reserve.

THE PESO may continue to climb against the dollar this week in anticipation of rate hikes from the US Federal Reserve and the Bangko Sentral ng Pilipinas (BSP), as well as the release of US consumer inflation data.