PDIC to bid out residential lots, other assets of shuttered GSIS Family Bank
RESIDENTIAL LOTS owned by the closed thrift bank of Government Service Insurance System (GSIS) worth P184.9 million will be disposed by the Philippine Deposit Insurance Corp. (PDIC) through a public bidding.
PVB rolls out online banking services
PHILIPPINE Veterans Bank (PVB) is set to launch online and mobile banking services as it embarks on its digital transformation.
ING to pay $900 million to end Dutch money laundering probe
ING Groep NV agreed to pay €775 million ($900 million) to settle an investigation by the Dutch prosecutor into issues including money laundering and corrupt practices in one of the biggest fines ever given to the country’s banks in a criminal case.
Peso drops vs dollar
THE PESO declined on Tuesday, with the dollar strengthening against major currencies, as investors remained cautious over trade tensions abroad.
Gov’t makes full award of Treasury bills
THE GOVERNMENT fully awarded P15 billion worth of Treasury bills (T-bill) on Monday even as yields rose across- the-board amid expectations that inflation picked up further in August.
SSS rolls out loan facility for retirees
THE SOCIAL Security System (SSS) on Monday launched the Pension Loan Program (PLP), allowing 1.3 million retiree pensioners to borrow funds.
BDO sets up P100-B peso bond program
BDO UNIBANK, Inc. has established a peso-denominated bond program of up to P100 billion to raise fresh funds.
FWD Philippines rolls out custom insurance product
FWD LIFE Insurance Corp. (FWD Philippines) has launched a line of customizable protection plans to better serve the needs of its clients.
Interest rate hikes in store for Thailand, Indonesia
THE OUTLOOK for interest rates in Southeast Asia’s two biggest economies is upward even after mixed inflation data on Monday.
Peso climbs slightly on Trump comments, inflation data bets
THE PESO went up a tad against the dollar on Monday amid safe-haven trading due to remarks from US President Donald J. Trump.
T-bill rates likely to climb further
YIELDS ON Treasury bills (T-bill) on offer this week will likely inch up as investors await the local inflation print as well as a possible rate hike from the US central bank.
Peso seen range-bound ahead of inflation data
THE PESO is seen to move sideways against the dollar this week as investors price in geopolitical developments abroad and await the release of local inflation data.