TDF demand thins amid lingering uncertainties
DEMAND for term deposits grew even weaker yesterday, with banks crowding the week-long tenor as they take a wait-and-see stance on developments in financial markets.
Microinsurers collect more premiums in Q1
THE MICROINSURANCE industry saw increases in its total premium production and number of people covered in the first quarter, the Insurance Commission (IC) said.
Moody’s assigns CRRs to PHL banks
MOODY’S INVESTORS Service has assigned counterparty risk ratings (CRR) to 10 Philippine banks, assessing the lenders’ capability to carry out their contractual obligations.
New Pru Life UK subsidiary to offer trust, asset management products
LIFE INSURER Pru Life UK is set to offer asset management and trust products after getting the central bank’s approval to establish a trust corporation.
Peso weakens anew vs US dollar
THE PESO slid against the dollar on Wednesday as investors remain wary about trade tensions overseas and amid the decision of the local central bank to raise its interest rates.
Treasury makes partial award of 20-year bonds as yields pick up
THE GOVERNMENT partially awarded the reissued 20-year Treasury bonds (T-bonds) it offered Tuesday with yields picking up as the rising interest rate environment prompted investors to be more cautious.
RCBC to launch blockchain remittance service in Japan
RIZAL COMMERCIAL Banking Corp. (RCBC) is set to launch a remittance service in partnership with two Japanese banks using the blockchain technology for a cheaper and faster way of sending money.
Cyber-insurance pushed as threats emerge
REINSURANCE BROKER Jardin Lloyd Thompson (JLT) Philippines emphasized the need for companies to insure themselves versus cyber attacks amid escalated threats worldwide.
Peso rebounds slightly on remittances
THE PESO regained some strength against the dollar on Tuesday on the back of stronger remittances in April.
Treasury bills partially awarded as rates rise ahead of BSP meet
THE GOVERNMENT partially awarded the Treasury bills (T-bills) it offered on Monday, rejecting all bids for the shortest tenor, as the market awaits the policy decision of the local central bank.
BDO Unibank partners with Bank of Fukuoka
BDO UNIBANK, Inc. has partnered with a Japanese regional bank to help Japanese firms enter the Philippine market.
Cryptocurrencies to perform worse as they get bigger
LONDON — Cryptocurrencies are not scalable and are more likely to suffer a breakdown in trust and efficiency the greater the number of people using them, the Bank of International Settlements (BIS) said on Sunday in its latest warning about the rise of virtual currencies.