BDO Leasing books net profit
BDO Leasing and Finance, Inc. (BDO Leasing) turned in a profit in the first quarter to reflect the effectiveness of its measures against margin compression.
Peso climbs as oil prices continue to drop
THE peso climbed against the greenback on Monday on the back of a continued drop in global oil prices due to falling demand caused by the coronavirus disease 2019 (COVID-19) as well as a decrease in Treasury purchases by the US Federal Reserve.
T-bill rates likely to drop
RATES OF Treasury bills (T-bills) to be auctioned off this week may decline on the back of anticipation of more stimulus from the central bank following last week’s off-cycle cut.
Yields on gov’t debt decline
YIELDS ON government securities (GS) fell across-the-board last week following the central bank’s decision to cut benchmark rates by half a percentage point.
Peso to weaken as lockdown continues
THE PESO may continue to depreciate this week amid the impact of the coronavirus disease 2019 (COVID-19) and as markets await news on the lockdown in Luzon.
Pag-IBIG Fund approves P716M in cash loans
THE HOME Development Mutual Fund (Pag-IBIG Fund) has approved over P700 million worth of cash loans for its nearly 38,000 members since the Luzon-wide enhanced community quarantine took effect last month, its top official said.
Bank loans to small firms to count in computing reserves
THE central bank announced a relief package for small businesses in the form of incentives for banks to to the sector, which is expected to have been hard hit by the coronavirus disease 2019 (COVID-19) crisis.
Naga rural bank turns in banking license
A RURAL bank in Bicol has been permitted to voluntary surrender its banking license, according to the Bangko Sentral ng Pilipinas (BSP).
Peso weakens on rate cut, China GDP contraction
THE peso weakened Friday on continuing concerns about the coronavirus disease 2019 (COVID-19) outbreak’s impact on the gloabl and following the central bank’s rate cut.
Filipinos shift to e-payments, online banking amid lockdown
BANKS and payment firms have seen a surge in online transactions amid the enhanced community quarantine (ECQ) in Luzon.
Sun Life supports health workers
SUN LIFE Financial Philippines (Sun Life) has boosted its support for health workers in the front lines of the country’s coronavirus disease 2019 (COVID-19) fight by donating protective gear and providing insurance coverage.
Configuring the next normal
By J. Albert Gamboa
Zoom meetings are the rage these days among members of the business community, who are left with no option but to interact virtually during this lockdown season.