Sun Life, Philam Life top insurer rankings
SUN LIFE OF Canada (Philippines), Inc. and Philippine American Life & General Insurance Co. (Philam Life) stood out among life insurers in terms of key insurance statistics in 2018, the Insurance Commission (IC) reported.
Cryptocurrency traders looking at blacklist to keep scammers at bay
THE BIGGEST cryptocurrency traders are calling time on the horde of con artists and criminals that have flocked to their largely unregulated market.
SSS salary loans increase in 2018
THE SOCIAL Security System (SSS) disbursed more than P30.5 billion in salary loans in 2018, as it saw a jump in releases through electronic means.
Governance in the design and use of new technologies
By Reynaldo C. Lugtu, Jr.
Technology is becoming a key component of many organizations nowadays as a response to disruptions coming from start-ups and other emerging competitors. This is compounded by the emergence of the “true digital native consumers,” the Generation Z, who were born wielding and using only digital tools.
Peso weakens on GDP
THE PESO declined further against the dollar on Thursday due to slower-than-expected economic growth data and amid the market’s anticipation of the central bank’s policy decision.
Demand for term deposits rises
BANKS’ APPETITE for term deposits increased this week to push yields lower as the central bank placed a higher volume on the auction block ahead of its monetary policy review.
RCBC books higher net income in 1st quarter on core business growth
RIZAL COMMERCIAL Banking Corp. (RCBC) posted higher net income in the first quarter on the back of sustained core business growth.
PNB raises P13.87 billion from bonds
PHILIPPINE NATIONAL Bank (PNB) has issued P13.87 billion worth of peso-denominated bonds, with the raised funds be used to support its lending business.
Fed’s Clarida rejects rate-cut pressure
FEDERAL RESERVE Vice-Chairman Richard Clarida pushed back against speculation in financial markets the central bank will cut interest rates to boost softening inflation up to its 2% target.
BSP, AMLC strengthen partnership
THE BANGKO SENTRAL ng Pilipinas (BSP) renewed its partnership with the Anti-Money Laundering Council (AMLC) to ensure the Philippines will not be used as a money laundering site and is secure from terrorism financing.
Peso plunges vs dollar
THE PESO plunged against the dollar on Wednesday due to lower-than-expected Philippine trade balance data as well as market caution ahead of key data to be released today.
Reserves climb further in April
GROSS international reserves (GIR) in the country climbed further in April for the fifth straight month on higher inflows from the central bank’s foreign exchange operations, the Bangko Sentral ng Pilipinas (BSP) reported on Tuesday.