PHL insurance premiums to grow to €16.7B by 2034, Allianz says
ALLIANZ expects insurance premiums in the Philippines to expand to €16.7 billion by 2034, with a compounded annual growth rate (CAGR) of 8.1% over...
BPI launches cancer treatment loans
BANK of the Philippine Islands (BPI) has launched a loan product specifically for cancer treatment called LavLoans, it said on Monday.
“We want to provide...
LANDBANK rolls out digital deposit accounts for OFWs
LAND BANK of the Philippines (LANDBANK) has launched a digital deposit account for overseas Filipino workers (OFWs), also providing them access to digital banking...
BDO relaunches shopping rewards credit card
BDO Unibank, Inc. has relaunched its retail shopping credit card with new rewards programs as the Sy-led bank continues to expand its retail segment.
The...
Peso extends decline before inflation data
THE PESO sank to a new 19-month trough against the greenback on Tuesday ahead of the release of May inflation data.
The local unit closed...
Philippine c.bank gov says rates may be cut before Fed, weighs on peso
MANILA - The Philippine central bank governor reiterated on Tuesday that the benchmark rate could be cut ahead of the Federal Reserve, keeping pressure...
Gov’t fully awards T-bills even as rates mostly rise on CPI bets
THE GOVERNMENT made a full award of the Treasury bills (T-bills) it offered on Monday even as rates mostly rose amid expectations that Philippine...
Visa to roll out new features for cards in PHL, Asia-Pacific
VISA will be releasing new features and products for the cards that it supports in the Asia-Pacific, including the Philippines, to address the digital...
BSP to revise rules for consolidated complaint reports
THE BANGKO SENTRAL ng Pilipinas (BSP) is looking to issue guidelines for its supervised firms’ submission of consolidated complaint reports using a new data...
Peso weakens to 19-month low
THE PESO declined to a 19-month low against the dollar on Monday due to expectations that Philippine headline inflation picked up in May.
The local...
Rates of Treasury bills, bonds may be mixed on dollar, Fed
RATES of Treasury bills (T-bills) and Treasury bonds (T-bonds) on offer this week may be mixed amid a generally stronger dollar recently as US...
BSP amends derivatives regulations
THE BANGKO SENTRAL ng Pilipinas (BSP) has amended its regulations on derivatives activities of banks and nonbanks, updating definitions as well as notification requirements.
BSP...