PHL economy seen to withstand further tightening
THE ECONOMY can withstand further policy tightening from the Bangko Sentral ng Pilipinas (BSP), even as it fired off its strongest response in a decade last month, according to the minutes of the Monetary Board meeting.
UnionBank to raise P20 billion via bonds, commercial papers
UNIONBANK of the Philippines is set to raise P20 billion through issuance of peso-denominated debt instruments to raise fresh funds.
Anticipating the future of finance
By J. Albert Gamboa
THE Financial Executives Institute of the Philippines (FINEX) will hold its annual conference on Oct. 12 at the ballroom of Shangri-La at the Fort in Taguig’s Bonifacio Global City.
Peso weakens to near 13-year low
THE PESO weakened against the dollar to a near 13-year low on Thursday amid risk-off sentiment due to continued concern over trade tensions overseas.
TDF rates up as demand weakens
RATES FETCHED for term deposits climbed anew this week as demand dropped from last week to come up short of the total offer following the release of the August inflation print.
CBS, MCBL partner with DepEd on salary loans
CHINA BANK Savings, Inc. (CBS) and Manulife China Bank Life Assurance Corp. (MCBL) are set to provide automatic payroll deduction salary loans that come with free life insurance.
Austria wants ECB board seat in 2019 shake-up
AUSTRIA’S new government said it’ll bid for a seat at the European Central Bank’s (ECB) top table next year as euro-area nations jostle for roles in a shake-up of key monetary and political posts.
Peso declines on inflation data
THE PESO weakened against the dollar to a fresh 12-year low on Wednesday following the faster-than-expected August inflation print.
Maternity leave bill seen to deplete SSS’ finances
THE MEASURE seeking to extend paid maternity leave will have a “serious implication” on the Social Security System’s (SSS) finances, a top official said while urging the government anew to hike its contribution rate.
Anti-trust body clears AXA-XL Group merger
PHILIPPINE Competition Commission has approved AXA S.A.’s acquisition of XL Group Ltd. but imposed a fine on the insurance firms for the late filing of their notification of the merger.
PDIC to bid out residential lots, other assets of shuttered GSIS Family Bank
RESIDENTIAL LOTS owned by the closed thrift bank of Government Service Insurance System (GSIS) worth P184.9 million will be disposed by the Philippine Deposit Insurance Corp. (PDIC) through a public bidding.
PVB rolls out online banking services
PHILIPPINE Veterans Bank (PVB) is set to launch online and mobile banking services as it embarks on its digital transformation.