AUB completes migration to EMV cards
ASIA UNITED Bank Corp. (AUB) has completed its migration to microchip-based bank cards, meeting the end-June deadline set by the central bank.
Peso flat on lingering concerns
THE PESO was mostly flat on Wednesday as the dollar weakened due to continued fears over a trade war between the world’s two largest economies.
Gov’t rejects all tenders for T-bonds as rates rise
THE BUREAU of the Treasury (BTr) rejected all bids for the five-year bonds it offered on Tuesday as the market sought higher rates due to expectations of more policy adjustments from the local central bank.
RCBC to inject more capital into thrift, leasing units
RIZAL COMMERCIAL Banking Corp. (RCBC) will put in more capital in two of its subsidiaries to support its growth.
Citi sees growth in use of digital banking platform
CITIBANK, N.A. Philippine Branch (Citi Philippines) is optimistic about the growth of its digital banking platform in the country amid issues on connectivity and usage.
BoJ should continue powerful easing, guard vs side effects
TOKYO — Bank of Japan policy makers said the central bank should “patiently continue” its powerful monetary easing but attention must be paid to the potential side effects of prolonged easy policy, a summary of opinions at the June review showed.
Peso declines further vs dollar on geopolitical issues abroad
THE PESO slipped further against the dollar on Tuesday amid continued geopolitical concerns abroad.
Gov’t settles for partial award of T-bills to limit increase in yields
THE GOVERNMENT settled for a partial award of the P15 billion worth of Treasury bills (T-bills) it offered yesterday as yields climbed, reflecting market anticipation for additional rate hikes from the local central bank.
IFC raises $90M via first peso green bond issue
THE INTERNATIONAL Finance Corporation (IFC) has issued $90 million worth of peso-denominated green bonds called the “Mabuhay Bond,” marking its first foray into the peso debt market.
Sun Life on track to have 5 million clients by 2020
SUN LIFE of Canada (Philippines) Inc. is on track to achieve its goal to expand its client base to five million customers by 2020 mainly through its agency channel, officials said yesterday.
BPI MTN gets Baa2 rating
MOODY’S Investors Service has assigned an investment grade rating on the $2-billion medium-term note (MTN) facility of Bank of the Philippine Islands (BPI).
Rediscount rates raised after fresh tightening move by BSP
RATES CHARGED on rediscount loans availed by banks have risen beyond the four percent level starting this week, reflecting higher benchmark yields set by the Bangko Sentral ng Pilipinas (BSP).