Pandemic boosts insurance, investment awareness among Filipinos
FILIPINOS are becoming more aware of and committed to increasing their insurance coverage and investments as the pandemic brought to light the importance of preparing for the unexpected, industry experts said.
Social differences and the middle class
By Benel D. Lagua
WHEN Pulse Asia released the socio-economic profile of its respondents in its recent survey, it is notable that the class AB was not covered. Class C composed 8% of respondents, Class D1 was the biggest chunk at 61%, Class D2 at 18% and Class E at 13%.
Polymer bills to be circulated starting April 18
THE trial circulation of P1,000 polymer bills will start this month, with the central bank assuring the notes have security features to prevent counterfeiting.
Peso sideways after Fed minutes
THE PESO closed sideways versus the greenback due to the hawkish tone of minutes of the US Federal Reserve’s latest meeting.
TDF yields slip on oil’s drop, global bond issue
YIELDS on the central bank’s term deposits inched down on Wednesday as fuel prices declined and as investors continued to price in the government’s bond issuance last month.
UNO Digital Bank to issue debit cards powered by Mastercard this quarter
UNO Digital Bank will issue virtual and physical debit cards powered by Mastercard, Inc. within this quarter.
Stock, credit markets too calm ahead of US central bank’s tightening, funds say
THE SHUDDER seen in US stocks and bonds Tuesday looks set to spread as investors wake up to the likely impact on markets of a quicker-than-expected rundown of the US Federal Reserve’s $9 trillion in debt holdings.
Peso retreats against the dollar on hawkish comments from Fed officials
THE PESO retreated versus the greenback on Wednesday as US monetary officials signaled their openness to more rate increases this year to normalize their stance.
App for Filipino seafarers launches e-market with HMO, insurance, and loan products
MarCoPay, a fintech app targeting Filipino seafarers, has launched an e-market feature with HMO (health maintenance organization), insurance, and loan products.
Gov’t partially awards fresh 3-year bonds
THE GOVERNMENT partially awarded the fresh Treasury bonds (T-bonds) it offered on Tuesday as investors asked for higher yields in anticipation of a central bank hike in the second half.
PHL banks’ ratings to see ‘medium impact’ from Russia-Ukraine war
PHILIPPINE BANKS’ credit ratings may see “medium impact” from the war in Ukraine as they already have a negative outlook, Fitch Ratings said.
UnionBank prices stock rights offering at P64.81
UNION BANK of the Philippines, Inc. (UnionBank) has set the price for its stock rights offering (SRO) from which it eyes to raise P40 billion to fund its acquisition of the local retail arm of Citigroup, Inc.