BPI eyes increased use of electronic channels
BANK of the Philippine Islands (BPI) wants to double the number of clients using electronic channels in the next five years as it ramps up its digitalization push.
Peso weakens on PHL trade data
THE PESO depreciated against the dollar on Tuesday after local data showed a wider trade deficit.
T-bills partially awarded as rates of long tenors rise
THE GOVERNMENT partially awarded the Treasury bills (T-bill) it placed on the auction block on Monday, with yields on the longer tenors climbing as investors expect the central bank to hike interest rate following the faster-than-expected June inflation print.
BoJ keeps upbeat view on regional Japan with Kuroda confident on price outlook
TOKYO — The Bank of Japan (BoJ) maintained its upbeat economic assessment for all nine regions of the country on Monday and its governor voiced confidence that inflation will head toward his two percent target, suggesting that monetary policy will be on hold for the time being.
Peso climbs slightly as dollar slips after mixed US jobs data
THE PESO strengthened a tad against the dollar on Monday following the release of unemployment data in the United States last Friday.
T-bills to fetch higher rates due to thin demand
TREASURY BILLS (T-bills) on offer this week will likely fetch higher yields amid lower demand as the market expects the local central bank to raise its policy rates anew following the faster-than-expected June inflation print.
Peso to move within tight range after positive US data
THE PESO will likely move sideways against the dollar this week on the back of likely mixed economic data in the United States and as well as potentially weak Philippine trade figures.
GSIS sets minimum rating for reinsurance bidders
GOVERNMENT SERVICE Insurance System (GSIS) is now requiring firms wishing to join the pension fund’s bidding for reinsurance contracts to carry a minimum credit rating of B+.
Yields on gov’t debt mixed
YIELDS saw mixed movements last week as investors priced in the escalating trade war between the US and China and after domestic inflation reached a fresh five-year high.
June GIR declines to lowest level since 2011
GROSS international reserves (GIR) continued to decline at the mid-year point to their lowest level in nearly seven years, with the central bank continuing to intervene in the foreign exchange market to defend the peso.
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.