Security Bank raises P13.5 billion from expanded 2-year bond issue
Security Bank Corp. said Friday it raised proceeds of P13.5 billion from a bond issue after it had to expand its offering due to...
Peso at highest levels since late 2016 as US failure to contain coronavirus pressures...
The peso rallied against the dollar Friday to its strongest level since November 2016 with dollar sentiment dented by the US failure to contain...
InLife sees growth potential amid challenging conditions
INSULAR LIFE Assurance Co., Ltd. (InLife) has seen challenges amid the coronavirus pandemic, but its top official said the firm remained strong and will continue to modernize amid a shift in consumer behavior.
BSP requires LANDBANK to allocate 5% of loans for socialized credit
THE MONETARY BOARD has approved the implementing rules and regulations (IRR) of Republic Act No. 10878 which looks to boost direct credit support to farmers and agrarian reform beneficiaries through the Land Bank of the Philippines (LANDBANK).
Laguna court convicts former bank owner for estafa
A FORMER OWNER of a now-defunct Laguna rural bank has been convicted for estafa due to falsification of public documents and was sentenced to imprisonment and subject to fines.
Urgent call for planetary health
By Flor G. Tarriela
“Responding to the urgent call for planetary health” was the topic for the FINEX July meeting organized by the Environment Committee. Timely, relevant, certainly very informative and more than a wake-up call for all of us.
Peso up on less safe-haven demand, profit taking
THE PESO appreciated against the greenback on Thursday on the back of profit taking and less safe-haven demand for the dollar due to improving market sentiment.
Yields on BSP’s term deposits slip on surprise reserve ratio cut
YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) term deposits slipped on Wednesday after the reduction in smaller banks’ reserve requirement ratios.
BSP regulatory relief measures in effect until 2021
THE CENTRAL BANK will extend the effectivity of its regulatory relief measures until March 2021 and is also open to lengthening this depending on how the crisis plays out.
Peso rebounds vs dollar
THE PESO rebounded against the greenback on Wednesday as discussions began on the next phase of relief measures in the United States.
RTB sales exceed P250 billion
THE GOVERNMENT has sold more than P250 billion in five-year retail Treasury bonds (RTBs) four days into the offer period, already exceeding the “new money” raised in February, amid strong demand for state debt.
BSP urges banks to prioritize sustainability
THE BANGKO SENTRAL ng Pilipinas (BSP) is urging lenders to prioritize sustainable sectors and activities, especially amid the current crisis.