Peso inches higher as holiday season starts
THE PESO inched up versus the dollar on Tuesday as consumer spending is expected to increase with the start of the holiday season and on news of progress in the development of a vaccine against coronavirus disease 2019 (COVID-19).
Lenders, tech firms adjust to e-payments shift
FINANCIAL INSTITUTIONS are boosting their capabilities to ensure they can accommodate the needs of consumers and merchants in their shift to digital payments amid the coronavirus pandemic.
PIRA to consider evaluating data using telematics for auto insurance
THE PHILIPPINE Insurers and Reinsurers Association (PIRA) said it would consider data evaluation based on telematics, a technology used in mobile phones to detect and analyze driving behavior, in replacing motor tariff and promoting insurance technology or insurtech.
Quasi-lenders’ loan portfolio drops in 1st half
THE LENDING portfolio of nonbank financial institutions with quasi-banking functions (NBQBs) dropped in the first half of the year as players merged or gave up their licenses, an official from the Bangko Sentral ng Pilipinas (BSP) said.
T-bill, bond rates may inch up
THE RATES of Treasury bills and bonds on offer this week may end flat or inch higher amid improved economic prospects.
BoE’s Haldane sees inflation risks as countries bounce back
LONDON — Bank of England (BoE) Chief Economist Andy Haldane said inflation could rise by more than expected as progress on coronavirus disease 2019 (COVID-19) vaccines and huge amounts of stimulus raised the chances of a swift economic bounce-back.
Government debt yields drop on safe-haven demand
YIELDS ON government securities (GS) fell on average last week as market players continue to buy safe-haven assets following the central bank’s rate cut earlier this month.
Peso may climb further
THE PESO may strengthen further versus the dollar this week ahead of the release of data on manufacturing, inflation and unemployment.
DBP P5 billion second-tranche bond issue to fund more environmental projects
The Development Bank of the Philippines (DBP) said it hopes to raise at least P5 billion from the second tranche of its P50-billion bond...
Pag-IBIG mortgage disbursements down 38% in first 9 months
The Home Development Mutual Fund, which operates under the trade name Pag-IBIG Fund, said home loan disbursements declined 38% to P36.43 billion the nine...
Philippines cited for ASEAN green-finance leadership
The Philippines was cited as a regional leader in sustainable finance thanks to the combined efforts of the government, banks, and businesses, according to...
AIA Philam Life launches investment fund targeting overseas stocks
AIA Philippine American Life and General Insurance Co. Inc. (Philam Life) said it launched Friday an investment fund geared towards overses stock markets.
The firm's...