GSIS net profit up 117% at end-Oct.
THE GOVERNMENT Service Insurance System (GSIS) saw its net income more than double in the first 10 months, driven by higher earnings from financial...
Officer of closed rural bank convicted anew
A BANK OFFICER of the closed People’s Rural Bank of Binmaley, Inc. (PRBBI) in Pangasinan was again found guilty for facilitating fictitious loans through falsification of commercial documents, the Bangko Sentral ng Pilipinas (BSP) said on Tuesday.
Peso weakens vs dollar on downgraded GDP growth goal, Fed minutes
THE PESO weakened versus the greenback on Thursday after the government slashed its growth target and amid hawkish hints in the minutes of the...
Peso to weaken ahead of inflation, GDP data
THE peso may depreciate this week amid major data releases such as gross domestic product (GDP) and inflation, and the continued surge in coronavirus infections.
Gov’t fully awards 35-day securities
THE GOVERNMENT fully awarded the 35-day Treasury bills (T-bills) it auctioned off on Tuesday as its rate dropped on strong demand, driven by the surprise rate cut from the central bank.
Philam Life looking to add health component to more insurance products
PHILIPPINE American Life and General Insurance Co., Inc. (Philam Life) wants to attach a health component to its products amid strong demand as part...
BDO swings to profit in Q2 on lower loss provisions
BDO UNIBANK, Inc. returned to profitability in the second quarter as it significantly reduced its provisions for credit losses, which it ramped up at the start of the coronavirus pandemic in 2020.
Yields on gov’t securities show mixed movements
By Jochebed B. Gonzales,
Senior Researcher
DOMESTIC YIELDS saw mixed movements last week as market players took cues from data releases in the US even as...
Peso down vs dollar before key US data
THE PESO weakened anew against the dollar on Wednesday due to expectations of stronger US economic data.
The local unit closed at P57.55 per dollar...
Financial technology firms form industry group
FINANCIAL TECHNOLOGY (fintech) firms have grouped up to push innovation and promote inclusive growth.
On Sept. 27, fintech players established FintechAlliance.ph, an industry group composed...
BSP tweaks peso debt pricing rules for new valuations
THE CENTRAL BANK has tightened rules on the pricing of peso debt securities, taking into account new valuations for these papers.
BDO still largest bank in asset terms at end-Sept. 2017
BDO Unibank, Inc. (BDO) remained the biggest bank in the Philippines at end-September 2017 in terms of assets, capital, deposits and loans, data from...