Insurance sector ‘well-capitalized’ to weather risks
THE INSURANCE SECTOR can weather the impact of the coronavirus pandemic on their businesses, according to the Insurance Commission (IC), even as investments and sales face difficulties.
Peso continues to rise on strong reserve data
THE PESO continued to strengthen on Thursday on the back of higher dollar reserves and continued risk-on sentiment due to news of the gradual lifting of lockdowns in some parts of the United States.
Yields on 7-day term deposits decline as bids climb further
YIELDS on the central bank’s term deposit facility (TDF) declined as more investors sought to park their money amid the pandemic and as the market awaits further monetary easing.
BSP eases credit weight of banks’ MSME loans
THE CENTRAL BANK will ease the weight of loans extended by banks to small businesses until end-2021 to free up capital which can be used for lending amid the pandemic.
Peso climbs as more economies begin to reopen
THE PESO strengthened for the third consecutive day on the back of market optimism on prospects of a gradual reopening of some economies as well as expectations of a dovish stance from the US Federal Reserve.
Gov’t makes full award of T-bond offer on low rates, strong demand
THE GOVERNMENT made a full award of the reissued Treasury bonds (T-bonds) it offered on Tuesday on the back of low rates and strong demand, as investors flocked to safe-haven assets.
Security Bank posts higher income in Q1
SECURITY BANK Corp. booked a higher net income in the first quarter, backed by stronger revenues due to the growth in its core business.
Fed’s slowing Treasury purchases may boost yields
NEW YORK — The Federal Reserve’s gradual withdrawal from the US Treasury market as the coronavirus pandemic eases and liquidity improves could dry up appetite for longer-dated government debt and push up long-term interest rates months from now.
Peso strengthens against dollar on continued drop in oil prices
THE PESO strengthened further on Tuesday after continued drop in global oil prices as well as prospects of a gradual reopening of some parts of the US economy.
Treasury raises P24 billion from T-bills on strong market demand
THE GOVERNMENT upsized its award of Treasury bills (T-bills) on Monday due to strong demand following central bank’s remarks on further monetary easing and the Treasury’s announcement of a dollar bond issue.
UnionBank net income climbs 22% in 1st quarter
UNIONBANK OF THE Philippines, Inc. booked a higher net profit in the first three months of the year amid better revenues and higher net interest income.
Liquidity growth slows in February amid outbreak
MONEY SUPPLY growth in February slowed, with markets already factoring in the possible impact of the coronavirus disease 2019 (COVID-19) on the economy.