BSP eases pawnshops’ borrowing limit
THE BANGKO SENTRAL ng Pilipinas (BSP) has relaxed the borrowing limit of pawnshops to help the industry provide financial services to unbanked Filipinos amid the coronavirus pandemic.
Peso climbs on fresh US stimulus
THE PESO continued to strengthen versus the greenback on Wednesday on news of a $1-trillion stimulus in the US as well as a possible treatment for critical coronavirus patients.
Gov’t makes full award of 35-day Treasury bills
THE GOVERNMENT made a full award of the 35-day Treasury bills (T-bills) it offered on Tuesday on strong demand as rates settled close to the headline inflation print.
BDO eyes growth opportunities amid coronavirus pandemic
BDO UNIBANK, Inc. is setting its sights on opportunities for growth in the country’s unbanked population despite the challenging outlook for 2020 due to the coronavirus pandemic.
Microinsurance premiums, coverage expand in 2019
PERSONS COVERED and premiums of the microinsurance industry increased in 2019, data from the Insurance Commission (IC) showed.
Peso rebounds as Federal Reserve plans to buy corporate bonds
THE peso appreciated versus the greenback on Tuesday on risk-off sentiment after the US Federal Reserve bared plans to buy corporate bonds.
M3 growth faster in April
MONEY SUPPLY growth logged a quicker pace in April for the second consecutive month, reflecting the impact of the central bank’s easing to lessen the economic impact of the coronavirus crisis.
Gov’t makes full award of T-bills
THE GOVERNMENT made a full award of the Treasury bills (T-bills) it auctioned off on Monday on strong demand as investors continued to prefer safer assets.
BSP looking into bank’s alleged violation of DOSRI rules
THE Bangko Sentral ng Pilipinas (BSP) is looking into a lender’s alleged violation of rules on lending to related parties, BSP Governor Benjamin E. Diokno said.
Peso declines on flight to safety on worries over new infections
THE PESO weakened versus the dollar on Monday on safe-haven demand amid escalating worries over a second wave of infections and as the market priced in the impact of the pandemic on remittances.
T-bill rates may move sideways
RATES OF Treasury bills (T-bills) to be auctioned off this week will likely move sideways as the central bank signaled a pause in monetary easing, with inflation slowing last month.
Kwik.insure to roll out online insurance mart
INSURANCE technology (insurtech) firm Kwik.insure wants to tap more Filipinos via its electronic commerce (e-commerce) platform for insurance products.