Amended SSS charter allows hike in monthly contributions
MEMBERS OF the Social Security System (SSS) will have to pay more for their monthly contributions after President Rodrigo R. Duterte enacted the bill amending its charter.
European bank eyeing foray into local market
A EUROPEAN BANK has expressed interest to venture into the Philippines, a senior central bank official said, amid growing interest among foreign lenders to set up shop here.
PhilRatings gives top grade to China Bank
CHINA BANKING Corp. (China Bank) bagged the highest credit score from Philippine Rating Services Corp. (PhilRatings), with the lender seen keeping its solid footing amid expansion plans.
ING rolls out all-digital platform
ING BANK N.V.-Manila has ventured into the retail segment in the country by launching an all-digital banking service.
Peso climbs on US-China talks
THE PESO strengthened against the dollar on Monday as the market was optimistic on developments in US-China trade relations.
Treasury bill rates to move sideways on RTB bets
RATES OF THE Treasury bills (T-bill) on offer today will likely move sideways as market players anticipate a possible retail Treasury bond (RTB) sale.
Peso likely to climb on US data, Fed minutes
THE PESO is seen to strengthen against the dollar this week following the release of weak US data before the weekend as well as the anticipated dovish signals from the US Federal Reserve.
SEC sees strong demand for green bonds amid gov’t infrastructure push, new rules
THE SECURITIES and Exchange Commission (SEC) said there is strong demand for green bonds domestic firms can take advantage of amid the infrastructure push of the government and following relaxed rules on bank bond issuance.
Yields on gov’t debt sideways as market waits for retail bond issue
YIELDS on government securities (GS) traded on the secondary market went sideways as traders anticipate the planned auction of new retail Treasury bonds.
Peso weakens further as dollar bucks weak retail data
THE peso declined further against the dollar on Friday as market participants pushed the US currency higher despite disappointing retail sales data in the US.
Metrobank set to redeem P16B in debt notes before maturity
METROPOLITAN BANK & Trust Co. (Metrobank) said it will redeem P16 billion worth of subordinated debt notes by June 27, ahead of its 2024 maturity.
EU adds Saudi Arabia to dirty-money blacklist
STRASBOURG — The European Commission added Saudi Arabia, Panama, Nigeria and other jurisdictions to a blacklist of nations seen as posing a threat because of lax controls on terrorism financing and money laundering, the EU executive said on Wednesday.