PDIC to bid out residential lots, other assets of shuttered GSIS Family Bank
RESIDENTIAL LOTS owned by the closed thrift bank of Government Service Insurance System (GSIS) worth P184.9 million will be disposed by the Philippine Deposit Insurance Corp. (PDIC) through a public bidding.
Yields on central bank’s term deposits decline
YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) term deposits dropped on Wednesday following recent changes in the regulator’s money market operations.
Demand for the...
Peso strengthens on US rate cut bets
THE PESO hit a new near two-month high against the dollar on Wednesday on growing expectations of a September rate cut by the US...
AIA Philam Life launches investment fund targeting overseas stocks
AIA Philippine American Life and General Insurance Co. Inc. (Philam Life) said it launched Friday an investment fund geared towards overses stock markets.
The firm's...
Yields on gov’t debt decline on central bank’s move
YIELDS ON government securities (GS) ended lower last week following a surprise 50-basis-point (bp) cut by the Bangko Sentral ng Pilipinas (BSP) on Thursday.
UnionBank looking to issue P20-billion unsecured debt
UNIONBANK of the Philippines, Inc. wants to issue up to P20 billion unsecured subordinated debt as well as to redeem voluntarily P7.2 billion worth of unsecured subordinated debt due 2025.
Term deposit yields go down as Fed turns dovish
YIELDS on the term deposits offered by the Bangko Sentral ng Pilipinas (BSP) inched lower on Wednesday amid dovish signals from the US Federal...
BDO ends bond offer early amid strong demand
BDO UNIBANK, Inc. on Tuesday ended the public offer period for its third peso-denominated ASEAN Sustainability Bond issue, three days ahead of the original...
Yields on gov’t debt rise
YIELDS on government securities (GS) traded in the secondary market rose slightly last week amid geopolitical concerns abroad.
Moving on to the recovery phase
J. ALBERT GAMBOA
More than seven months have elapsed since the Philippines imposed lockdown protocols on various levels. Our economy stalled when the entire island of Luzon...
Moody’s affirms UnionBank’s credit rating
MOODY’S INVESTORS Service has affirmed its investment grade rating UnionBank of the Philippines, Inc., citing the bank’s robust capitalization and large pool of liquid assets.
Peso rebounds ahead of US payrolls data
THE PESO rebounded versus the dollar on Friday due to profit-taking ahead of the release of US non-farm payrolls data.
The local currency finished at...