Prudential tops non-life firms in net premiums
PRUDENTIAL Guarantee & Assurance Inc. (PGA) continued to top non-life insurance companies in terms of net premiums written in 2018, data from the Insurance Commission (IC) showed.
Fed’s Williams says policy makers need to better prepare for lower interest rates
TORTUROUSLY SLOW recoveries from recessions and low inflation are here to stay unless policy makers can get a better grip on how to stabilize the global economy in an era of lower interest rates, a top Federal Reserve policy maker said on Tuesday.
Peso at one-month low on US-China trade war
THE PESO plunged to a one-month low against the dollar on Tuesday due to China’s retaliation against the United States’ imposition of increased tariffs on Chinese goods.
Finance dep’t eyes approval of bank secrecy easing this year
THE DEPARTMENT of Finance (DoF) is hopeful the easing of bank secrecy laws, which was lacking in the provisions of the partly vetoed Tax Amnesty Act signed earlier this year, will be implemented within 2019.
Robinsons Bank targets to double net earnings
ROBINSONS BANK Corp. eyes to double its net profit this year on the back of growth in its earnings from interest and fees.
Peso likely to strengthen
THE PESO is seen to strengthen against the dollar this week following the continuation of trade negotiations between the United States and China amid increased tariffs on Chinese goods.
Yields on T-bills, bonds likely to drop this week
RATES OF government securities on offer this week will likely decline on the back of the recent policy rate cut from the local central bank as well as anticipation of a possible reduction in banks’ reserve requirement ratio (RRR).
Gov’t securities rally on BSP rate cut, euro bonds
GOVERNMENT SECURITIES extended their rally last week following the Bangko Sentral ng Pilipinas’ (BSP) interest rate cut and the Treasury’s euro bond sale.
China feud has treasury investors eyeing foreign holdings at US Fed
THE ESCALATION of the US-China trade conflict has heightened investor focus on the upcoming breakdown of the Federal Reserve’s assets for fresh signs that the Asian nation may be trimming its Treasury pile.
Philippine financial system grows in 2018 as lenders’ assets expand
THE PHILIPPINE financial system sustained its growth in the second half of 2018 on the back of the banking industry’s expansion, ending the year with an uptrend in assets, loans, deposits, and capital, according to the Bangko Sentral ng Pilipinas (BSP).
Peso strengthens after BSP rate cut
THE PESO strengthened against the greenback on Friday after the central bank cut policy rates amid easing inflation expectations.
Pag-IBIG Fund books higher income in Q1
THE HOME Development Mutual Fund (Pag-IBIG Fund) booked a higher net income in first quarter on improved loan demand and collections.