YIELDS on the central bank’s term deposits climbed on Wednesday, with market players positioning ahead of an expected aggressive hike by the US Federal Reserve and amid growing inflation pressures at home.

INSURANCE CLAIMS related to coronavirus disease 2019 (COVID-19) paid out by the industry reached P2.93 billion in the first quarter, based on a study conducted by the Insurance Commission (IC) to assess the impact of the pandemic on the sector.

BANK of the Philippine Islands (BPI) will offer exclusive financing products for vehicles and housing during an in-branch loan festival next week.

THE PESO declined anew against the greenback on Wednesday on expectations of aggressive tightening by the US Federal Reserve and losses at the local stock market.

THE GOVERNMENT partially awarded the reissued Treasury bonds (T-bonds) it offered on Tuesday as investors continued to asked for higher yields as the Bangko Sentral ng Pilipinas (BSP) and the US Federal Reserve said they intend to raise rates anew to tame rising inflation.

BANKS should develop more affordable products as unserved and underserved Filipinos expect their need for credit to increase in the coming years, which, a study conducted by information solutions firm TransUnion Philippines showed.

LAND BANK of the Philippines (LANDBANK) and the Social Security System (SSS) have signed a memorandum of agreement for streamlined disbursements to SSS members and claimants.

THE PESO rebounded against the dollar on Tuesday, correcting after three straight days of decline on positive market sentiment as the benchmark stock index rallied.

THE GOVERNMENT partially awarded the Treasury bills (T-bills) it offered on Monday as investors wanted higher yields, with the Bangko Sentral ng Pilipinas (BSP) and the US Federal Reserve expected to raise borrowing costs further this year due to rising inflation.

PHILIPPINE universal and commercial banks (U/KB) continued to grow as economic conditions and credit activity improved amid the ongoing health crisis, the Bangko Sentral ng Pilipinas (BSP) said.

THE PESO fell to an over three-year low against the dollar on Monday after US inflation soared to a 40-year high in May, which could prompt aggressive tightening by the US Federal Reserve at its meeting this week.

RATES of government securities are expected to rise this week ahead of the central bank’s planned rate hike and the recent inflation data that prompted investors to seek higher returns.