ACTIVE fund-raising initiatives taken by Philippine banks should help sustain robust lending in the country, especially amid strong demand for infrastructure financing, a global credit rater said.

PHILIPPINE AXA Life Insurance Corp. (AXA Philippines) is bullish on its growth prospects despite the supposed turbulence in the market due to elevated inflation, it said as it launched its training academy for its financial advisors on Tuesday.

BANKS SECURED additional loans from the central bank’s rediscount window in June to support capital expenses and commercial lending despite rising borrowing costs.

THE INSURANCE COMMISSION said Chinese firms are eyeing to support a non-life insurance company placed under conservatorship.

ACOM Consumer Finance Corp. has started its lending operations as it aims to reach out to 1.5 million Filipinos in Metro Manila.

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.

THE PESO depreciated against the dollar on Tuesday after local data showed a wider trade deficit.

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.

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.

THE PESO strengthened a tad against the dollar on Monday following the release of unemployment data in the United States last Friday.

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.

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.