Insurance firms book growth in net premiums
THE INSURANCE INDUSTRY saw growth in terms of premiums collected as of September, boosted by the life sector’s performance.
BSP to require trust companies to have reserves
TRUST COMPANIES will soon be required to maintain reserves for credit losses, as the central bank imposes new standards on financial firms.
Home Credit Philippines targeting to expand customer base by 70% in 2019
HOME CREDIT Philippines is looking to expand its customer base by 70% in 2019 as it plans to rev up traffic from online channels.
Peso inches up vs dollar
THE PESO strengthened slightly versus the dollar even as the country posted its widest trade deficit in October.
Gov’t makes full award of T-bills
THE government made another full award of the Treasury bills (T-bill) it auctioned off on Monday, with the rate of the shortest tenor declining a tad, ahead of the policy meeting of the US and local central banks.
BSP likely to hold fire on rates — Fitch
THE central bank will likely keep rates steady this week but may still push on with fresh rate hikes by 2019, Fitch Solutions said in a report.
Rediscount loans hit P9.6 billion in Nov.
BANKS took additional loans from the central bank’s rediscount window in November, boosting money supply to service bigger capital expenses and commercial lending.
Veterans Bank names Claravall as new president
PHILIPPINE Veterans Bank (PVB) named Renato A. Claravall as its new president and chief operating officer (COO), replacing Nonilo C. Cruz.
Peso weakens amid renewed trade tensions
THE PESO depreciated against the dollar on Monday amid risk-off sentiment and renewed concerns over China-US trade relations.
Rates of T-bills, bonds likely to climb further
YIELDS on government securities on offer this week are expected to move higher as market participants await for the policy meetings of the local and US central banks.
Yields on gov’t debt dip amid lower inflation
YIELDS on government securities last week declined, amid a lower-than-expected inflation reading for November.
Peso seen to strengthen vs US dollar
THE PESO is seen to strengthen against the dollar this week as market players expect the local central bank to keep its policy rates steady during its Dec. 13 policy meeting -- the last for the year.