Accounts, properties valued at P8 billion frozen by AMLC since 2003
THE ANTI-MONEY Laundering Council (AMLC) has frozen P8-billion worth of assets since 2003, AMLC Executive Director Matthew M. David said on Monday.
IC says insurers selling products online must be transparent about terms, responsive to clients
THE INSURANCE Commission (IC) has ordered health maintenance organizations (HMO) and pre-need companies to be more transparent with their products and terms when they offer these online.
Thrift banks’ non-performing loans up at end-May
PROBLEM DEBTS held by thrift banks grew in May to log faster than the pickup in retail lending, latest central bank data showed.
S&P flags possible ratings risk from cyberattack on banks
S&P GLOBAL RATINGS warned of emerging risks to banks’ credit ratings caused by the rise of cyberattacks during the pandemic.
UnionBank opens fully digital branch in bid to address banking ‘pain points’
UNIONBANK of the Philippines (UnionBank) unveiled its new fully digital branch on Monday, which aims to provide customers a new banking experience.
Said to be...
Philippine bond market size up 10.2% at end-June despite rising yields – ADB
LOCAL currency bond issuances in the Philippines rose by an annual 10.2% at end-June, driven by the government’s retail bond offering together with strong...
Peso slips vs dollar on concerns over Trump administration’s policies
THE PESO slipped against the dollar on Thursday due to market worries over the Trump administration’s potential policies.
The local unit closed at P58.777 per...
Securing businesses in the digital age
By J. Albert Gamboa
Discussions about disruptive technology and digital transformation have lately been dominating the conversations inside corporate boardrooms and among the C-suites in private companies, spilling over to some government agencies and non-government organizations.
Peso nearly unchanged vs the dollar as market awaits jobs report
THE PESO moved sideways against the greenback on Monday as investors await the latest data on the country’s jobs situation.
Pru Life bullish on growth despite risks
PRU LIFE UK remains optimistic about its growth prospects this year despite high inflation and rising interest rates.
UnionBank starts P3-B bond offer
UNIONBANK OF the Philippines, Inc. is offering about P3 billion in three-year peso-denominated bonds to raise fresh funds for expansion.
GSIS allots P1.7B for El Niño, rabies emergency loans
GOVERNMENT Service Insurance System (GSIS) has allocated P1.7 billion in emergency loans for members and pensioners affected by El Niño and rabies in 13...