Peso slips as markets eye US-China talks
THE PESO slipped against the dollar on Tuesday as markets monitored developments in the trade war between the United States and China.
The local unit...
ADVANCE.CBP partners with Korea Credit Bureau for information sharing
ADVANCE.CBP has partnered with the Korea Credit Bureau (KCB) for cross-border credit information sharing.
Under the memorandum of understanding (MoU), the two parties will establish...
FWD Life Philippines’ NBAPE jumps 57% in Q1
FWD LIFE Insurance Corp. (FWD Life Philippines) saw its new business annual premium equivalent (NBAPE) surge by 57% year on year to P2.5 billion...
BSP issues implementing rules for anti-financial account scamming law
THE BANGKO SENTRAL ng Pilipinas (BSP) has released circulars implementing the Anti-Financial Account Scamming Act (AFASA), which allows the regulator to probe financial accounts...
Reissued bonds fetch lower rates as market expects more BSP cuts
THE GOVERNMENT made a full award of the reissued Treasury bonds (T-bonds) it offered on Tuesday at a lower average yield amid strong demand...
Peso down amid tariff jitters
THE PESO dropped further against the dollar on Wednesday as higher US tariffs on metals took effect.
The local unit closed at P55.771 per dollar,...
Singlife Philippines launches product to help cover funeral, end-of-life expenses
SINGLIFE PHILIPPINES, Inc. has launched a whole life insurance product to help cover funeral arrangements or other end-of-life expenses.
The Protect from Funeral Costs product...
PDIC gets P411M from asset sales
THE PHILIPPINE Deposit Insurance Corp. (PDIC) generated P411.4 million from asset sales last year as it disposed of some properties of closed banks.
This was...
Fed officials beat policy patience drum as tariff questions persist
NEW YORK — US Federal Reserve officials on Tuesday argued again for caution on monetary policy as President Donald J. Trump’s trade war continues...
UnionDigital to be ‘more disciplined’ in lending
UNIONDIGITAL Bank, Inc., the digital bank unit of Union Bank of the Philippines, Inc., may disburse less loans this year to keep its nonperforming...
UnionBank looks to raise at least P10B from dual-tenor bond offer
UNION BANK of the Philippines, Inc. (UnionBank) is looking to raise at least P10 billion from its dual-tenor bond offer, eyeing P5 billion from...
Term deposit yields extend drop with inflation seen easing further
YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) term deposits dropped on Wednesday ahead of the release of May inflation data, which could have...