Life insurers extend grace period due to COVID-19
LIFE INSURANCE FIRMS extended the grace period for premium payments to up to 91 days to give relief to clients amid the coronavirus disease 2019 (COVID-19) outbreak.
Peso inches higher as oil prices drop sharply
THE PESO started the week slightly stronger against the dollar as oil prices hit an 18-year low and despite cautious trading due to market jitters over the enhanced community quarantine in Luzon.
T-bill rates seen mixed on COVID-19 fears
RATES OF Treasury bills (T-bills) on offer this week will likely end mixed as the escalating coronavirus disease 2019 (COVID-19) outbreak and its impact on the economy raise uncertainties.
Yields on gov’t debt drop
YIELDS ON government securities (GS) ended mixed last week after the Bangko Sentral ng Pilipinas (BSP) unveiled a series of monetary stimulus to arrest the economic fallout wreaked by the coronavirus disease 2019 (COVID-19).
Peso seen weakening on coronavirus outbreak
THE PESO may weaken against the dollar this week, with more infections of coronavirus disease 2019 (COVID-19) reported around the world and amid market volatility due to fears of the outbreak’s economic impact.
BPI raises P33.9-B from oversubscribed 4.05% bonds
THE Bank of the Philippine Islands (BPI) raised P33.9 billion from an oversubscribed issue of fixed-rate bonds, with the bank expecting clients to borrow more to weather the effects of the COVID-19 outbreak and lockdown.
DBP touts recovery financing program for hard-hit firms, LGUs
THE Development Bank of the Philippines (DBP) said it is prepared to aid businesses and local governments with low-cost funding for their recovery efforts following the COVID-19 lockdown.
IC order extensions for policies expiring during quarantine
THE Insurance Commission (IC) ordered insurance firms and health maintenance organizations (HMOs) to extend for at least 30 days current policies and agreements expiring during the month-long enhanced community quarantine period.
Peso strengthens as confidence improves after US stimulus package passes
THE peso strengthened Friday as market sentiment improved following the passage of a substantial US stimulus package as well as policy easing by the Federal Reserve.
Global central banks turn to Bank of Japan for yield curve control lessons
AS CENTRAL BANKS around the world reignite quantitative easing (QE) programs or adopt them for the first time, Japan’s key focus of controlling bond yields rather than a quota of purchases is being explored.
BSP remits P20 billion in dividends to Treasury
THE CENTRAL BANK has remitted P20 billion in dividends to the government to support its programs amid the disruptions caused by the coronavirus disease 2019 (COVID-19) outbreak.
Peso gains ground versus dollar on PSEi’s strength, US stimulus
THE PESO appreciated against the greenback on Thursday, reflecting gains in the local stock market and better market sentiment amid measures unveiled by the US government to mitigate the impact of the coronavirus disease 2019 (COVID-19).