Yields on term deposits go down on easing bets
YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) term deposits edged lower on Wednesday as the offer was oversubscribed amid expectations of further monetary...
FWD Life Philippines appoints new president and chief executive officer
FWD Life Insurance Corp. (FWD Life Philippines) has appointed Lau Soon Liang as its new president and chief executive officer starting June.
The appointment is...
Philippine insurance premiums to grow to €21.4 billion by 2035
THE PHILIPPINE insurance market is expected to grow to €21.4 billion by over the next decade amid growing demand for protection, Allianz Research said...
GCash offers free health, accident insurance with load purchases
ELECTRONIC WALLET giant GCash is now offering free health insurance underwritten by nonlife company FPG Insurance Co., Inc. with every eligible purchase of prepaid...
Fed’s Williams calls for strong policy response if inflation deviates from target
TOKYO — New York Federal Reserve President John Williams said on Wednesday central banks must “respond relatively strongly” when inflation begins to deviate from...
Peso climbs as trade jitters ease
THE PESO rebounded against the dollar on Wednesday amid easing trade tensions between the United States and the European Union (EU).
The local unit closed...
Moody’s affirms ratings of BDO, Metrobank, BPI
MOODY’S RATINGS on Monday affirmed the long- and short-term deposit ratings of the Philippines’ three biggest private banks in asset terms, putting them at...
BTr partially awards reissued 20-year bonds
THE GOVERNMENT made a partial award of the reissued 20-year Treasury bonds (T-bonds) it offered on Tuesday as rates rose due to waning appetite...
UnionBank redeems P6.8 billion in Tier 2 notes
UNION BANK of the Philippines, Inc. (UnionBank) has completed its early redemption of P6.8 billion in Tier 2 notes.
“Please be informed that Union Bank...
BSP OKs 11 bank branches in Q4
THE BANGKO SENTRAL ng Pilipinas (BSP) approved 11 regular bank branches in the fourth quarter.
The Monetary Board okayed applications for new banking offices of...
AUB partners with Taptap Send for remittances via HelloMoney e-wallet
ASIA United Bank Corp. (AUB) has partnered with remittance platform Taptap Send to enable overseas Filipino workers (OFWs) to send money to the Philippines...
GCash, Helios team up for solar financing package
GCASH, through its financing arm Fuse Financing, Inc., has partnered with residential solar solutions company Helios to allow Filipino households to access solar power...