GSIS loan disbursements reach P413.4 billion to date
THE Government Service Insurance System (GSIS) has disbursed P413.4 billion in loans so far under its flagship lending programs, it said on Wednesday.
GSIS President...
Western Union appoints new Philippine head
WESTERN UNION has appointed Ricardo Alair as its new director for the Philippines, Guam, Northern Mariana Islands and Palau.
“We are thrilled to welcome Ricardo...
Peso returns to P56 level amid fragile Mideast ceasefire
THE PESO climbed back to the P56-per-dollar level on Wednesday as inflation fears eased amid the decline in global oil prices following the ceasefire...
UnionBank raises P16 billion from peso bonds
UNION Bank of the Philippines, Inc. (UnionBank) has raised a combined P16 billion from its offering of dual-tranche fixed-rate peso bonds, above the P10-billion...
RCBC eyes at least P3B from bond offer
RIZAL COMMERCIAL Banking Corp. (RCBC) is looking to raise at least P3 billion from an offering of 2.5-year sustainability, marking its return to the...
Yields on term deposits drop after BSP decision
TERM DEPOSIT YIELDS declined on Wednesday after the Bangko Sentral ng Pilipinas (BSP) delivered a second straight rate cut last week.
Total bids for the...
Gov’t partially awards T-bonds
THE GOVERNMENT made a partial award of the dual-tenor reissued Treasury bonds (T-bonds) it offered on Wednesday as the market stayed cautious due to...
IC chief Regalado named Asian Re chairperson
INSURANCE COMMISSIONER Reynaldo A. Regalado has been named chairperson of the Asian Reinsurance Corp.’s (Asian Re) management board for a two-year term.
Mr. Regalado was...
Peso rises further as Fed independence concerns weigh on dollar
THE PESO rose further on Thursday as the dollar was weighed down by market concerns over the US Federal Reserve’s credibility after US President...
Why strategy alone fails
By Reynaldo C. Lugtu, Jr.
The recent admission by President Ferdinand Marcos, Jr. that the K-to-12 program failed to deliver on its promises speaks volumes about a deeper problem...
PhilHealth set for restructuring to address operational challenges
THE PHILIPPINE Health Insurance Corp. (PhilHealth) will undergo a “major revamp” to improve its efficiency and address operational challenges, the Governance Commission for Government-Owned...
AI-powered tools to improve financial firms’ cybersecurity
PHILIPPINE financial institutions should consider leveraging artificial intelligence (AI)-powered tools to ramp up their cyber resilience as threats targeting online payments are on the...