Term deposits attract more bids
TERM DEPOSITS on offer yesterday saw stronger demand and pushed yields lower from a week ago, as banks remain awash with cash.
Bids received for...
Security Bank, ANZ ink network extension deal
SECURITY BANK Corp. (Security Bank) has collaborated with ANZ Bank in a network extension partnership (NEP) that aims to enhance the local lender’s banking...
Peso drops on US, North Korea tensions
THE PESO continued to weaken versus the dollar on Wednesday following a sell-off on the back of upbeat US labor data as well as...
Insular Life rolls out peso-denominated VUL fund
INSULAR LIFE Assurance Co. Ltd. (Insular Life) has rolled out its new peso-denominated product where market players here could invest in global markets by...
Microinsurance coverage, premiums expected to increase from 2016 levels
THE Insurance Commission (IC) is bullish that over 31 million Filipinos will be covered by microinsurance by yearend, with total premium production by the...
MSBs given more time to renew permits
THE Bangko Sentral ng Pilipinas (BSP) has extended by five months the validity of existing registration permits held by money changers and remittance agents,...
Gov’t makes full award of bonds
THE GOVERNMENT yesterday made a full award of reissued seven-year Treasury bonds (T-bonds) after bids by banks declined and fell within market expectations amid...
BSP requires money service businesses to tighten internal controls
THE CENTRAL BANK has required money changers and remittance agents to set up internal control systems and follow stricter rules on record-keeping, as the...
Peso weakens further
THE PESO continued to slump against the greenback amid strong appetite for the dollar on the back of positive sentiment from upbeat key US...
PSBank net income inches higher in first semester
PHILIPPINE SAVINGS Bank (PSBank) reported nearly flat earnings in the first half of the year, driven by a double-digit rise in its core income.
In...
Pag-IBIG housing loans rise in first half
GOVERNMENT-RUN Home Development Mutual Fund or Pag-IBIG Fund reported a double-digit growth in its housing loans in the first six months of the year,...
Metrobank earnings climb in 2nd quarter
By Melissa Luz T. Lopez,Senior Reporter
METROPOLITAN BANK & Trust Co. (Metrobank) saw its net income climb during the second quarter, driven by double-digit increases in both commercial and retail...