Insurance Commission places CareHealth Plus under conservatorship
THE INSURANCE Commission (IC) has placed health maintenance organization (HMO) CareHealth Plus Systems International, Inc. (CareHealth Plus) under conservatorship for being unable to address...
Peso flat after BSP meet
THE PESO ended almost flat against the dollar on Monday after the Bangko Sentral ng Pilipinas’ (BSP) policy meeting.
The local unit closed at P56.491...
T-bill, bond rates may rise amid market caution
RATES of Treasury bills (T-bills) and Treasury bonds (T-bonds) to be auctioned off this week may rise amid weak demand due to market caution...
Yields on government debt go up on inflation bets
YIELDS on government securities (GS) climbed last week on expectations of faster March headline inflation.
GS yields rose by 3.7 basis points (bps) on average...
SSS targets to grow investible funds
SOCIAL Security System (SSS) is looking to grow its investibles this year as market conditions stabilize and amid a strong economic outlook.
The state-run pension...
BSP decision to drive peso-dollar trading this week
THE PESO could move sideways against the dollar this week, with trading to be mostly driven by the Bangko Sentral ng Pilipinas’ (BSP) policy...
PHL banks’ assets climb by 9.6% at end-February
THE Philippine banking sector’s total assets climbed by 9.6% year on year as of end-February, data from the central bank showed.
Preliminary data from the...
Sticky inflation may delay BSP policy easing cycle
THE BANGKO SENTRAL ng Pilipinas’ (BSP) expected rate cuts could be delayed due to sticky inflation, according to BDO Unibank, Inc.
“When inflation begins...
How financial services CEOs prioritize CX
By Reynaldo C. Lugtu, Jr.
Twenty-five percent of customers switched banks, and over a third switched their insurers and wealth managers. This is according to a 2022 global study...
Peso climbs on Powell comments
THE PESO recovered against the dollar on Thursday after US Federal Reserve Chair Jerome H. Powell affirmed that the US central bank will cut...
Term deposit yields mixed before March inflation data
YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) term deposits were mixed on Wednesday amid expectations of faster March headline inflation.
The central bank’s term...
Asialink gets P300-million credit line from Taiwan’s Cathay United Bank
Asialink gets P300-million credit line from Taiwan’s Cathay United Bank
ASIALINK Finance Corp. has tapped Taiwan’s Cathay United Bank for a P300-million credit line to...