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Tag: Karl Angelo N. Vidal
INFLATION could settle below the official full-year target this quarter as food and oil prices ease, BSP Governor Benjamin E. Diokno told reporters on Tuesday, citing “base effects” due to multi-year-high rates last year.
UNIONBANK of the Philippines, Inc. piloted its cross-border remittance service for local rural banks through blockchain, as it aims to push financial inclusion in rural areas.
THE NATIONAL GOVERNMENT’s fiscal balance swung to a deficit in June after two straight months of surplus -- even amid relatively flat state spending and a double-digit hike in tax collections -- with the first half nevertheless yielding a much smaller budget gap than a year ago, the Bureau of the Treasury reported on Monday.
PRU LIFE Insurance Corp. of UK (Pru Life UK) is eyeing to launch its asset management and trust subsidiary before the year ends, with the insurer already ironing out internal processes and requirements.
FOR much of history, banking was done in branch offices, but beginning in the late 20th Century, digitization began to creep in, allowing account holders ever more banking convenience without needing to leave their homes or offices. With tech revolutionizing banking, how will financial institutions keep their networks relevant?
RATES OF THE Treasury bills (T-bill) on offer today will likely end mixed amid expectations of policy rate cuts from the local and US central banks.
PHILIPPINE Clearing House Corp. (PCHC) saw a jump in electronic fund transfers (EFT) in 2018 following the launch of the Philippine EFT System and Operations Network (PESONet).
THE Department of Finance (DoF) said it has developed courses for current and future employees of the Bureau of Customs (BoC) and Bureau of Internal Revenue (BIR) under the Philippine Tax Academy (PTA).
DIGITAL consumer lending firm AsiaKredit expects 50% growth in its disbursed loans this year as it banks on responsible lending practices.
VIRTUAL BANKING in emerging markets (EM) is seen to pick up as large unbanked populations and greater adoption of technologies present opportunities for the success of digital banks, S&P Global Ratings said.
THE PESO continued to strengthen against the dollar on Tuesday to hit a new high on the back of profit taking ahead of the release of some US economic data.
THE NON-LIFE industry will lobby to prevent the increase of insurance firms’ minimum capital requirement to P1.3 billion by the end of 2022, the Philippine Insurers and Reinsurers Association (PIRA) said.
PHILIPPINE SAVINGS Bank (PSBank) raised P6.3 billion in fresh funds via two-year fixed-rate bonds as it saw robust demand from investors.
INSURANCE COMMISSIONER Dennis B. Funa was elected as chairman of Asian Reinsurance Corp. (Asian Re), the Insurance Commission (IC) said.
THE INSURANCE Commission (IC) issued a cease and desist order against health maintenance organization (HMO) Caritas Health Shield, Inc. due to alleged fraudulent card swiping and misrepresentation of sales agents.
THE PESO gained a tad against the dollar on Tuesday as it moved sideways ahead of the testimony of Federal Reserve chair Jerome Powell before the US Congress.
THE GOVERNMENT made a full award of the Treasury bills (T-bill) on offer yesterday, with rates dropping across all tenors on overwhelming demand brought by the second phase of reductions to banks’ reserve requirement ratios (RRR) as well as limited supply of short-dated securities.