THE national government’s total credit guarantee portfolio was P216 billion in 2019 after five agencies with guarantee functions consolidated into a single fund run by Philippine Guarantee Corp. (Philguarantee).

THE Monetary Board (MB) of the Bangko Sentral ng Pilipinas (BSP) ordered the closure of Providence Rural Bank, Inc., which is based in Cagayan Province, and directed the Philippine Deposit Insurance Corp. (PDIC) to take over the institution.

THE peso weakened against the dollar Friday, reflecting deepening fears about the global impact of the coronavirus disease (Covid-19), which is now spreading rapidly outside its country of origin, China.

BDO UNIBANK, Inc. saw its net income jump by more than a third in 2019 on the back of core recurring income sources.

STATE-OWNED Land Bank of the Philippines (LANDBANK) released a total of P94.36 billion in cash grants to 9,670,434 beneficiaries in 2019 under various social protection programs.

THE INSURANCE ARM of Cebuana Lhuillier targets to increase its customer base by 127% in the next three to five years and capture almost half of insured population following its transformation

Seventeen years ago, I wrote about the concept of “Family Loans”, inspired by Robert Merton and Zvi Bodie in their innovative text Finance. Whenever I raise the issue in my Finance classes, I realize the concept can benefit today’s millennials. Allow me to revisit the same topic.

THE PESO bounced back to the P50-per-dollar level on Thursday despite investors’ flight to safe havens amid the coronavirus disease 2019 (COVID-19) scare.

YIELDS ON the central bank’s term deposit facility (TDF) continued to decrease despite lower bids on Wednesday as investors remain wary of risks that may arise as the coronavirus disease 2019 (COVID-19) continues to spread and amid signals of another rate cut in the second quarter.

HONG KONG — Hong Kong’s banks face at least two quarters of worsening asset quality and slowing loan growth as the coronavirus outbreak hits trade and consumer banking, analysts and bankers said.

UNIONBANK of the Philippines, Inc. has raised P6.8 billion from its sale of debt notes eligible as Tier 2 notes, marking the first issue out of its P20-billion program, according to a stock filing on Wednesday.

THE BUREAU OF Internal Revenue (BIR) has clarified that the Bangko Sentral ng Pilipinas’ (BSP) tax exemption only applies to the income generated from its governmental functions, as the rest of its earnings are considered proprietary income.