BanKo partners with ECPay to expand touchpoints
BPI Direct BanKo, Inc., A Savings Bank, the microfinance arm of listed Bank of the Philippine Islands (BPI), has partnered with Electronic Commerce Payments...
Ninja Van Philippines, Security Bank ink referral partnership
NINJA VAN Philippines has partnered with Security Bank Corp. to launch a two-way referral program for micro, small, and medium enterprises (MSMEs).
Under the agreement,...
Peso slips vs dollar as Moody’s cuts US sovereign credit rating
THE PESO inched down against the dollar on Monday after Moody’s downgraded the US’ sovereign credit rating.
The local unit closed at P55.67 per dollar,...
Treasury bill, bond rates may be range-bound on BSP easing bets
RATES of the Treasury bills (T-bills) and Treasury bonds (T-bonds) on offer this week could end mixed to track secondary market yield movements and...
BSP securities fetch lower rates
YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) short-term securities dropped on Friday as both tenors attracted strong demand.
The central bank securities fetched bids...
IC sets valuation standards for MBAs’ policy reserves
THE INSURANCE Commission (IC) has set the standards for the computation of mutual benefit associations’ (MBA) policy reserves.
“Every MBA supervised by the Insurance Commission...
Debt yields end mixed after US-China truce
YIELDS on government securities (GS) traded on the secondary market ended mixed last week as appetite for other risk assets improved following the trade...
Peso may move sideways vs dollar
THE PESO could trade sideways against the dollar this week as the market continues to watch for developments in the United States’ trade talks...
Why China’s neighbors may want currency deals with Trump
SINGAPORE — As the currencies of South Korea, Taiwan and Japan rise, so too is chatter that these economies could use exchange rate revaluation...
HMO industry’s net income surges to P579M in Q1
THE health maintenance organization (HMO) industry saw its net income surge to P579.39 million in the first quarter from P6.78 million in the same...
Metrobank to expand consumer lending
METROPOLITAN Bank & Trust Co. (Metrobank) is looking to increase the share of consumer loans in its total loan portfolio to help offset narrowing...
Security Bank posts 7% rise in Q1 profit
SECURITY BANK Corp. saw its net profit rise by 7% year on year in the first quarter, driven by higher revenues.
The bank’s net income...