Sun Life still country’s top life insurer in 2017
SUN Life of Canada (Philippines) Inc. was the top life insurer in 2017 based on premium income with P32.11 billion, the Insurance Commission (IC) said on Thursday.
Peso to weaken vs dollar
THE PESO is expected to weaken versus the dollar today following the better-than-expected jobs report in the United States.
Peso returns to P50:$1 level
THE PESO climbed to return to the P50-per-dollar level on Friday after the central bank cut rates as well as some profit-taking.
Peso weakens anew in thin trade due to virus
THE PESO weakened anew against the dollar on Monday amid risk-off sentiment in the market after a stimulus bill to battle the economic impact of the coronavirus disease 2019 (COVID-19) was blocked in the US Senate.
Peso seen to climb further on increase in remittances
THE PESO will likely strengthen against the dollar this week driven by the seasonal increase in remittances in time for the Holy Week break.
Peso climbs vs dollar
THE PESO appreciated against the greenback on Monday on positive market sentiment about the possible gradual easing of lockdown measures and amid market expectations of another rate cut from the US Federal Reserve.
Peso hits one-year high vs dollar
THE PESO strengthened further against the dollar to hit a one-year high on Monday following upbeat developments in the United States-China trade talks and amid anticipated remittance flows.
Peso may weaken on local data
THE PESO is seen to depreciate versus the dollar this week amid risk-off sentiment in the market due to Brexit uncertainties as well as a possible drop in monthly remittances.
SSS discontinues benefits disbursal by check
THE Social Security System (SSS) said Friday that it will no longer use checks to disburse benefits and will release payouts through accredited banks.
Pag-IBIG grants extension for borrowers’ payments
RESIDENTS OF Luzon and the National Capital Region will be given a three-month payment extension to repay loans from the Home Development Mutual Fund (Pag-IBIG Fund) as the region has been placed under enhanced community quarantine, which has forced some businesses to shut down, leaving employees with no wages.
Peso weakens vs dollar
THE PESO edged lower on Monday after China’s central bank devalued its own currency in retaliation against US’ planned additional tit-for-tat tariffs on China this September.
Peso weakens further
THE PESO weakened on Tuesday as protests in Hong Kong dented sentiment, causing markets to flock to safe havens.