Treasury fully awards dual-tenor bond offering
THE GOVERNMENT made a full award of the dual-tranche Treasury bonds (T-bonds) it offered on Wednesday, with investors swamping the shorter tenor amid dovish...
Peso weakens as market sees June BSP cut
THE PESO depreciated against the dollar on Wednesday amid expectations of another rate cut by the Bangko Sentral ng Pilipinas (BSP) next month.
The local...
BSP gets IMF assistance to strengthen PHL financial system’s operational resilience
THE Philippine central bank can further strengthen its regulations on operational resilience in the financial system, the International Monetary Fund (IMF) said in a...
IC places GHSI under conservatorship
THE INSURANCE COMMISSION (IC) has placed health maintenance organization (HMO) Getwell Health Systems, Inc. (GHSI) under conservatorship for failing to meet capitalization, financial capacity...
Oona Insurance Philippines expects to achieve profitability next year
OONA Insurance Corp. (Oona Insurance Philippines) expects to be profitable by next year as it sees its net earnings growing faster than its premium...
Allianz PNB Life targets P135B in AUMs this year
ALLIANZ PNB Life Insurance, Inc. is aiming to grow its assets under management (AUM) to P135 billion this year as it plans to make...
Yields on term deposits fall on BSP easing bets
TERM DEPOSIT YIELDS went down on Wednesday as markets anticipate further policy easing from the Bangko Sentral ng Pilipinas (BSP) amid the improving inflation...
Security Bank posts 7% rise in Q1 profit
SECURITY BANK Corp. saw its net profit rise by 7% year on year in the first quarter, driven by higher revenues.
The bank’s net income...
Peso rebounds as dollar rally loses steam
THE PESO strengthened on Thursday as the dollar fell before the release of US retail sales data overnight.
The local unit closed at P55.746 per...
BAP partners with BAIPHIL to upskill banking industry workforce
THE BANKERS Association of the Philippines (BAP) has partnered with the Bankers Institute of the Philippines (BAIPHIL) to help upskill its member banks’ employees...
FATF ‘gray list’ exit: benefits and issues
By Benel D. Lagua
The financial community welcomed the recent news that the Financial Action Task Force (FATF) removed the Philippines from its money laundering “gray list.” The...
HMO industry’s net income surges to P579M in Q1
THE health maintenance organization (HMO) industry saw its net income surge to P579.39 million in the first quarter from P6.78 million in the same...