Peso likely to weaken on US-China trade tensions
THE PESO will likely weaken against the dollar this week following escalating trade tensions between China and the United States.
Pag-IBIG taps PayMaya for payments
THE HOME Development Mutual Fund (Pag-IBIG Fund) is tapping PayMaya Philippines, Inc. for its digital financial services.
SSS sickness benefits climb
THE SOCIAL Security System’s (SSS) disbursements of sickness benefits reached P984.42 million in the first four months, higher than the P875.42 million released in the same period in 2018.
Fed rate-cut dissenters cite solid data, financial risks
TWO Federal Reserve regional bank presidents said they dissented against cutting interest rates this week because US economic data remain solid and risks from a global slowdown and trade tensions hadn’t yet altered that outlook.
Peso sinks on renewed US-China tensions
THE PESO dropped further against the dollar on Friday as the market’s risk appetite waned following escalating trade tensions between China and the United States.
BPI net earnings climb 47% in the 2nd quarter
BANK OF THE Philippine Islands (BPI) reported higher net earnings in the second quarter on the back of strong interest and non-interest income growth.
PBB posts higher profit
PHILIPPINE Business Bank (PBB) booked a higher net profit in the second quarter, boosted by its lending and trading businesses.
BDO Leasing books net loss in Q2
BDO Leasing and Finance, Inc. (BDOLF) posted a net loss in the second quarter dragged by compressed margins.
PBoC keeps policy steady
SHANGHAI — China’s central bank kept its main policy rates on hold on Thursday, opting not to follow an overnight benchmark rate cut by the US Federal Reserve as policy makers wait to see if earlier support measures start to stabilize the economy.
Fed cuts interest rates, signals it may not need to do more
WASHINGTON — The Federal Reserve cut interest rates on Wednesday, but the head of the US central bank said the move might not be the start of a lengthy campaign to shore up the economy against risks including global weakness.
Pag-IBIG collects P30B in home loan payments
THE HOME Development Mutual Fund (Pag-IBIG Fund) reported home loan payments rose 12% to a record-high P30.44 billion in the first six months of 2019.
Singapore Life looks to start PHL operations by 2020
SINGAPORE LIFE will be ready to operate in the Philippines next year and is looking to offer "fairly priced" services.