Allianz PNB looking to invest in infrastructure
ALLIANZ PNB Life Insurance, Inc. said mechanisms for infrastructure investment for life insurance firms should be improved as it eyes to place funds in longer-term investments.
Reserves climb for eighth straight month in June
GROSS international reserves climbed for the eighth straight month in June, the central bank reported Friday.
Liquidity, bank lending growth ease in May
MONEY SUPPLY growth eased in May due to lower demand for credit, the Bangko Sentral ng Pilipinas (BSP) reported Friday.
Allianz PNB sees slower growth in life insurance sector
ALLIANZ PNB Life Insurance, Inc. expects the life insurance industry to post slower growth in 2019 dragged by liquidity issues in the first half of the year.
Peso weakens ahead of US jobs data
THE PESO declined against the dollar on Friday as the currency continued to trade sideways ahead of the release of jobs data in the United States.
China Bank looks to raise up to P20B from LTNCDs
CHINA BANKING Corp. (China Bank) will raise up to P20 billion through the issuance of long-term negotiable certificates of deposit (LTNCD) to support asset generation and expansion.
Be ‘prepared for anything’ as Trump slams Europe, China on foreign exchange issues
US PRESIDENT Donald Trump’s latest accusation of currency manipulation has foreign-exchange (FX) analysts game-planning the administration’s next move.
Making the switch, improving the quality of life
J. Albert Gamboa
Despite successive increases in excise taxes on tobacco products, the Philippines continues to have one of the highest smoking rates in Asia, according to the World Health Organization (WHO).
Peso rises anew vs dollar
THE PESO strengthened against the dollar on Thursday on the back of weak economic data in the United States.
Yields on term deposits decline as offer attracts strong demand
THE CENTRAL BANK’S term deposit facility (TDF) was more than twice oversubscribed on Wednesday, bringing yields down, on the back of strong demand from banks due to recent reserve requirement cuts.
Metrobank raises P11.25B in fresh funds from bonds
METROPOLITAN BANK & Trust Co. (Metrobank) raised P11.25 billion in fresh funds via fixed-rate bonds, marking the fourth tranche of its P100-billion bond program.
Trump’s Fed nominees likely to support easier policy
AFTER A yearlong assault on the Federal Reserve and its chairman, US President Donald Trump has tapped two wildly different economists to the central bank’s board who seemingly have one important thing in common.