Insular Life to invest P500M in digitization
INSULAR Life Assurance Co. Ltd. (InLife) has set aside some P500 million for its digitization efforts as it adapts to the changing environment and consumer behavior.
Pandemic brings Asia’s booming online lending sector to a halt
HONG KONG/MUMBAI/SINGAPORE — The spring started out rosy for the Indian arm of ClearScore, a company that offers online credit scores and loans.
BSP to extend alternate reserve compliance until 2022
THE CENTRAL BANK will extend banks’ alternative reserve compliance until 2022 in a bid to support the financial system and struggling sectors due to the coronavirus pandemic.
Peso climbs to two-year high as economies reopen
THE PESO rallied against the greenback on Wednesday to close at its strongest in more than two years following gains in the stock market as well as market optimism on the gradual reopening of economies across the world.
Treasury raises P15B from 35-day papers
THE GOVERNMENT fully awarded the 35-day Treasury bills (T-bills) it auctioned off on Tuesday as rates moved sideways.
Peso weakens on US-China trade war
THE PESO depreciated against the greenback yesterday as trade tensions between Washington and Beijing continued to escalate.
BDO boosts loan loss provisions by P20 billion
BDO UNIBANK, Inc. has increased its loan loss provisions to P22.1 billion as it factored in the impact of the coronavirus disease 2019 (COVID-19) and the government’s lockdown measures.
Gov’t hikes T-bill award
THE GOVERNMENT hiked the volume of Treasury bills (T-bills) it awarded on Monday, even opening the tap facility anew as bids soared while rates moved sideways.
Older crowd embraces online banking, rewards firms’ digital push
IT TOOK A global pandemic to get many baby boomers to bank online. Lenders have taken notice.
Bangladesh Bank sues RCBC, Bloomberry anew on 2016 heist
THE BANGLADESH BANK has filed a new civil suit against Rizal Commercial Banking Corp. (RCBC) and Bloomberry Resorts Corp. to claim damages related to the $81-million heist in 2016.
Asia leads rally as emerging markets raise dollar debt
THE RISKIER PARTS of the developing world are again flirting with international debt markets — and Asian companies are leading the charge.