IC backs proposed tax cut for non-life sector
THE Insurance Commission (IC) supports the non-life sector’s proposal of trimming taxes imposed on its premiums, with the regulator to submit its stand on...
Yields rise on profit taking
DEVELOPMENTS ABROAD sent yields on government securities (GS) upward last week as investors were on profit-taking mode ahead of pronouncements made by monetary authorities...
BSP outlines plan to reform gov’t debt market
By Melissa Luz T. Lopez, Senior Reporter
THE government has laid down its strategy to deepen the debt market, with agencies looking to attract bigger...
PSBank to shift to EMV cards Sept. 1
PHILIPPINE Savings Bank (PSBank) said it will deactivate its magnetic strip cards starting Sept. 1, as it fully shifts to Europay Mastercard Visa (EMV)...
Pag-IBIG H1 profit rises 13% on efficient collections, loan growth
THE Home Development Mutual Fund, beter known as the Pag-IBIG Fund, said net profit in the first half grew 13% year-on-year.
In a statement, the...
Peso weakens in rangebound trade ahead of Fed, ECB remarks
THE peso weakened slightly against the dollar on Friday as market participants adopted a wait-and-see attitude ahead of remarks from central bank officials of...
Advanced foreign loan payments up as of April
By Melissa Luz T. Lopez,
Senior Reporter
Early payments made for foreign loans surged by over a third as of end-April, data from the Bangko Sentral...
Insurance brokerage income climbs in 2016 as commissions drop
THE Insurance Commission (IC) saw income from brokerage activities inch up last year, despite lower commissions earned, due to the growing online platforms.
In a...
Peso ends at two-week high
THE PESO strengthened versus the greenback yesterday to log its best showing in nearly two weeks, with dollar inflows and negative remarks by US...
Once shunned money market funds proving to be unlikely haven in US
CASH is flowing into short-term US government debt funds at the fastest pace in more than six months, just when you might expect investors...
Draghi urges open-minded central banking
MARIO DRAGHI said central banks must be open-minded on policy innovations as they prepare for future economic developments — even if that concept is...
BSP and Fintech: The way forward
Flor G. Tarriela
The first On Q sponsored by FINTQ presented a Fintech Thought Leadership Roundtable Series with Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla,...