PHL signs social security deals with Germany, Japan
THE Philippines’ two major pension funds have signed social security arrangements (SSAs) with Germany and Japan to extend benefit coverage to Filipino residents of that country.
Nat Re 2017 net profit down 35% at P50-M
NATIONAL Reinsurance Corp. of the Philippines (Nat Re) said net profit fell in 2017 due to reinsurance payouts for calamities and fires.
Peso flat vs. dollar in rangebound trading
THE peso ended flat against the dollar on Friday after the release of the minutes of the June meeting of the US Federal Reserve.
BSP accredits two VC exchanges
TWO NEW digital currency exchanges have been accredited by the Bangko Sentral ng Pilipinas (BSP), a senior official said.
BPI eyes to expand branch network
BANK OF THE Philippine Islands (BPI) is growing its branch network in the provincial areas in line with its financial inclusion goal and digitalization push.
IC shuts operations of pre-need firm Paz Life Plans
THE Insurance Commission (IC) has suspended the operations of pre-need firm Paz Life Plan, Inc. after it failed to comply with the capitalization requirement.
Silo mentality
By Reynaldo C. Lugtu, Jr.
“Employees in my company are working in silos.” This is a common issue raised by business leaders when asked why their companies are not innovating.
Peso drops as inflation picks up in June
THE PESO depreciated against the dollar on Thursday as headline inflation for the month of June accelerated to a fresh five-year high.
GSIS evaluating managers for $800-M fund
THE GOVERNMENT Service Insurance System (GSIS) is evaluating the external asset managers that applied to manage $800 million worth of its investments — a move to diversify its funds.
Demand for term deposits soars
DEMAND SOARED for term deposits offered by the central bank this week, accompanied by a surge in yields to hover close to four percent.
RCBC launches online FX trading facility
RIZAL COMMERCIAL Banking Corp. (RCBC) has launched an online platform allowing its clients to buy and sell currencies.
Peso inches up vs dollar
THE PESO strengthened a tad against the dollar on Wednesday as the market looked ahead to the release of local inflation data as well as the minutes of the US Federal Reserve’s June meeting.