Sun Life posts P15.13-B premium income in Q1
SUN LIFE of Canada (Philippines), Inc. (Sun Life Philippines) remained the top life insurer in the country in terms of premium income in the...
Deposits in Islamic banks, IBUs now covered by PDIC
THE PHILIPPINE Deposit Insurance Corp. (PDIC) will now cover the deposits of Islamic banks (IB) and Islamic banking units (IBUs).
The PDIC’s board in December...
TDF yields drop as market expects more BSP cuts
TERM DEPOSIT YIELDS continued to go down on Wednesday on strong demand as investors sought to lock in still-high rates, with the Bangko Sentral...
Peso climbs as US fiscal woes weigh on dollar
THE PESO climbed on Thursday as concerns over the US economy continued to weigh on the greenback.
The local unit closed at P55.585 versus dollar,...
Why strategy still fails
By Reynaldo C. Lugtu, Jr.
Strategy execution sounds straightforward — set a plan, follow through, see results. But anyone who’s led a strategic initiative knows it’s rarely that simple....
UnionBank rolls out fully digital personal loan
UNION BANK of the Philippines, Inc. (UnionBank) has launched a personal loan product that will now be processed digitally to allow for immediate cash...
GCash looking to launch takaful, crop insurance products via GInsure marketplace in 2nd semester
ELECTRONIC WALLET operator GCash is planning to launch Shari’ah-compliant and crop insurance products in the coming months through its in-app marketplace GInsure.
“We pretty soon...
RCBC plans to issue peso bonds
RIZAL COMMERCIAL Banking Corp. (RCBC) is looking to offer peso-denominated bonds, including sustainability-themed issuances, under its updated fundraising program.
The bank plans to issue fixed-rate...
Peso may strengthen further vs dollar before Fed comments, US data
THE PESO may strengthen further against the dollar this week ahead of a scheduled speech from the US Federal Reserve chief and key US...
Gov’t debt yields mixed as US downgrade roils bond markets
YIELDS on government securities (GS) traded in the secondary market ended mixed last week as investors repositioned in the aftermath of Moody’s Ratings’ downgrade...
Yields on central bank securities drop further
YIELDS on the central bank’s short-term securities declined further on Friday as both tenors were oversubscribed.
The Bangko Sentral ng Pilipinas (BSP) securities fetched bids...
LANDBANK Q1 net income up 11%
LAND BANK of the Philippines (LANDBANK) saw its net income rise by 10.96% year on year in the first quarter amid continued loan growth.
The...