BSP bills’ rates go down despite lower demand
YIELDS on the central bank’s one-month securities dropped on Friday even as the offer was undersubscribed.
The 28-day Bangko Sentral ng Pilipinas (BSP) bills fetched...
Debt yields end higher as US data back Fed bets
YIELDS on government securities (GS) ended mostly higher last week following the release of US economic data that fueled bets on the Federal Reserve’s...
BPI plans to merge thrift units BanKo, Legazpi Savings Bank
BANK of the Philippine Islands (BPI) is set to merge its thrift bank subsidiaries BPI Direct BanKo, Inc., A Savings Bank (BanKo) and Legazpi...
BSP to deepen domestic money market amid financial integration
THE BANGKO SENTRAL ng Pilipinas (BSP) is working to strengthen the domestic capital market and promote cross-border payments as financial markets become more integrated.
“The...
Peso climbs to fresh two-week high on Fed bets
THE PESO on Thursday jumped to its strongest close against the dollar in over two weeks as US jobs data supported further rate cuts.
The...
Sun Life Grepa offers new insurance plan
SUN LIFE Grepa Financial, Inc. has launched a new life insurance product that allows customers to tap various investment funds.
The Sun Grepa EasyLink Protect...
IC lifts stop order again MEDOcare Health Systems
THE Insurance Commission (IC) has lifted the cease-and-desist order it issued against health maintenance organization (HMO) MEDOcare Health Systems, Inc. (MHSI), allowing it to...
Justice Reform Initiative: celebrating a decade of resolve
By EJ Qua Hiansen
This year marks the 10th anniversary of the Justice Reform Initiative (JRI), a milestone that allows us to reflect on a decade of dedicated...
Yields on seven-day deposits drop further after Fed, BSP cuts
YIELD on the Bangko Sentral ng Pilipinas’ (BSP) seven-day term deposits fell on Wednesday as the offer was met with strong demand following cuts...
PNB, Discovery Capital Finance ink partnership to boost SME lending
PHILIPPINE National Bank (PNB) has partnered with Discovery Capital Finance Corp. (DCFC) for a loan facility to boost financing for small and medium enterprises...
Peso slips on lack of leads
THE PESO slipped against the dollar on Wednesday amid a lack of catalysts and as oil prices moved up on supply concerns.
The local unit...
More rate cuts could reignite inflation, hurt US Fed’s credibility, Bostic says
WASHINGTON — Further interest rate cuts could put US monetary policy on an accommodative footing that stimulates economic growth and puts the country at...