Rizal Bank to sell $300M dollar bonds
RIZAL Commercial Banking Corp. (RCBC) is returning to the US dollar bond market by selling $300 million of five-year unsecured bonds amid strong demand from investors overseas, it said in a statement on Friday.
Dollar reserves at $85.61B as of August
THE country’s gross international reserves (GIR) rose by $430 million to$85.61 billion as of end-August , the central bank said in a statement on Friday.
Peso strengthens on inflation data
THE peso strengthened against the dollar on Friday after slower-than-expected inflation for August and in line with a market rally in major economies.
DBP to help fund Mindanao power plant
STATE-OWNED Development Bank of the Philippines (DBP) will help fund Liangan Power Corp.’s (LPC) hydroelectric power plant in Mindanao through a P1.1-billion term loan, the lender said in a statement on Friday.
PNB fully acquires thrift bank unit
PHILIPPINE National Bank (PNB) has fully acquired its thrift bank unit to integrate it with its operations, according to a stock exchange filing.
Senator vows to pursue financial inclusion
SENATOR Grace Poe on Friday vowed to pursue financial literacy and inclusion as head of the banks committee.
Large banks to show ‘greater resilience’ to risks
THE COUNTRY’S biggest banks will show “greater resilience” despite changing operating conditions compared to their mid-sized peers, Fitch Ratings, Inc. said in a report on Thursday.
PSBank to hike authorized capital stock to P6 billion
PHILIPPINE Savings Bank (PSBank) is looking to raise its authorized capital stock to P6 billion in a bid to strengthen its capital structure and provide the lender flexibility.
Pru Life partners with SLMC on critical claims processing
PRU LIFE UK has partnered with St. Luke’s Medical Center (SLMC) to improve the processing of critical illness claims of its policy owners.
Reducing risk through tech innovation
By J. Albert Gamboa
PAJU CITY, South Korea — The threat of a nuclear conflict in the Korean Peninsula has greatly diminished with the adoption of the Panmunjom Declaration for Peace, Prosperity, and Reunification that includes a commitment to denuclearization.
Peso slips on rate cut bets as inflation slows
THE PESO weakened on Thursday despite positive developments regarding the US-China trade war and slower Philippine inflation in August.
Yields on term deposits mixed
YIELDS ON term deposits ended mixed on Wednesday despite strong demand, with investors holding on to their cash as they remained cautious over geopolitical issues.