IC says insurers selling products online must be transparent about terms, responsive to clients
THE INSURANCE Commission (IC) has ordered health maintenance organizations (HMO) and pre-need companies to be more transparent with their products and terms when they offer these online.
PNB to infuse P515M into leasing arm
PHILIPPINE NATIONAL Bank (PNB) is looking to infuse capital into its joint venture with Japan’s Mizuho Bank, which will boost its shareholdings in the firm, as it anticipates opportunities in the leasing business amid the government’s infrastructure drive.
Peso sinks to six-month low
THE PESO retreated against the greenback on Monday to log its weakest close in six months amid market expectations of a recovery in imports amid vaccine procurement developments.
T-bill rates may move sideways as retail bond offer continues
RATES OF Treasury bills (T-bills) on offer this week will likely move sideways as the government’s offer of three-year retail Treasury bonds (RTBs) continues.
Citigroup considering divesting some Asia-Pacific consumer units
CITIGROUP, INC. is studying options for slimming down the firm’s sprawling international consumer operations as part of incoming Chief Executive Officer Jane Fraser’s efforts to simplify the bank.
Yields on gov’t debt climb on inflation expectations
YIELDS on government securities (GS) climbed last week on market expectations of faster inflation in the coming months.
Peso to rise on hopes of eased quarantine
THE PESO could bounce back against the greenback this week on hopes that more businesses could reopen by March.
BSP raises P90 billion from 28-day bills
THE BANGKO SENTRAL ng Pilipinas (BSP) made a full award of the short-term securities it offered on Friday amid robust liquidity.
The BSP borrowed P90...
Central bank pushes for faster digitalization of financial services
THE BANGKO SENTRAL ng Pilipinas (BSP) will continue pushing reforms and policies to spur the digital transformation of the country, especially in financial services,...
NPC recommends prosecution of Fynamics Lending
THE National Privacy Commission (NPC) has recommended the prosecution of Pondo Peso online lending app operator Fynamics Lending Inc. for using the personal information...
Peso rebounds as oil prices ease
THE PESO rose slightly against the greenback on Friday as the climb in global oil prices eased and on expectations that quarantine restrictions in...
PHL to launch first catastrophe insurance facility this quarter
THE INSURANCE Commission (IC) plans to launch this quarter the Philippine Catastrophe Insurance Facility (PCIF) that will help guard the country against natural disasters.