Peso hits new one-year high on US-China truce
THE PESO strengthened further against the dollar to hit a fresh one-year high amid market optimism driven by positive developments in US-China trade relations.
Three-year bonds to fetch lower rates on strong market demand
THE RATE of the three-year Treasury bonds (T-bond) on offer tomorrow will likely decline amid persistent strong demand for short-term securities.
US banks play cat-and-mouse game with Federal Reserve on capital returns
NEW YORK/WASHINGTON -- An annual stress test of banks introduced by US regulators after the 2007-09 financial crisis to prevent taxpayer bailouts has become a fight over how quickly lenders can return capital to shareholders.
Peso seen to strengthen on US-China trade talks
THE PESO is seen to strengthen further against the dollar this week following positive developments in the trade negotiations between the United States and China and amid expectations of a slowdown in domestic inflation.
PHL insurance industry books higher net income in 1st quarter
THE INSURANCE INDUSTRY posted higher net income in the first quarter propelled by strong growth across all sectors, the Insurance Commission (IC) reported.
Yields on government debt decline on Fed, BSP rate cut expectations
YIELDS ON government securities (GS) traded on the secondary market fell across the board as expectations of rate cuts by the US Federal Reserve and the Bangko Sentral ng Pilipinas’ (BSP) remain.
Outstanding foreign-currency loans rise 2.7% in Q1
FOREIGN currency loans granted by Philippine banks rose in the first quarter of 2019 as borrowers sought working capital and funds for plant and equipment, the Bangko Sentral ng Pilipinas (BSP) said.
Security Bank raises P18-B from oversubscribed two-year peso bonds
SECURITY Bank Corp. has raised P18 billion from an oversubscribed bond issue after originally offering P5 billion.
Peso rises on expected Fed easing, trade deal prospects
THE peso strengthened Friday ahead of an expected cut in Fed policy rates and amid positive sentiment generated by the G20 meeting.
PROSB absorbs seven rural banks
A THRIFT BANK has absorbed seven rural lenders, in line with a push by the Bangko Sentral ng Pilipinas (BSP) for bank mergers.
Collaboration between insurers, fintechs eyed
MANUFACTURERS Life Insurance Co. (Phils.), Inc. (Manulife Philippines) eyes to boost collaboration between insurance firms and financial technology (fintech) companies to improve customer experience and increase awareness in insurance.
HSBC boosts Philippine private banking business
THE HONGKONG and Shanghai Banking Corp. Ltd. (HSBC) has expanded its private banking presence in the Philippines by deploying more relationship managers to service the growing wealth market.