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PRU LIFE Insurance Corp. of UK (Pru Life UK) is planning to launch an asset management and trust unit within the year.
FITCH SOLUTIONS on Tuesday added its voice to expectations that debt woes of Hanjin Heavy Industries and Construction Philippines, Inc. (HHIC-Phil) will not likely shake the Philippines’ financial sector, as four of the affected local banks disclosed some details of their exposure to the troubled Korean shipbuilder.
FINANCIAL TECHNOLOGY firm Fexco EasyDebit saw robust growth last year, processing over P1 billion in transactions since its launch in 2017.
TREASURY BILLS (T-bill) offered yesterday saw strong demand, with the government upsizing its award for the longest tenor even as it partially awarded the 91-day papers and even opening its tap and over the counter (OTC) facilities to accommodate bids.
THE MERGER of Philippine Business Bank (PBB) and Insular Savers Bank, Inc. (A Rural Bank) (ISBI) is expected to be completed within six months following the central bank’s approval of the transaction.
GOVERNMENT SECURITIES on offer this week are expected to fetch lower rates as investor demand returns following the holiday season.
THE Bureau of the Treasury (BTr) will likely tap the retail bond market should there be any shortfall in demand in the coming government security auctions, ANZ Research said.
THE THRIFT banking subsidiary of Rizal Commercial Banking Corp. (RCBC) expects to sustain its lending growth this year as it plans to improve the efficiency of its channels.
CHINA BANKING Corp. (China Bank) is eyeing to penetrate developing parts of the country with as it continues to expand its branch network this year.
ROBINSONS BANK Corp. said it is considering offering fixed-rate peso bonds following the central bank’s relaxed regulations on lenders’ fund raising.
THE PESO is seen to weaken further against the dollar this year as the surge of capital goods to support the infrastructure push of the government is expected to widen the trade deficit.
MOBILE LENDING platform Cashalo is on track to hitting a million customers by the first half of 2019 as it plans to tie up with more retail stores.
SECURITY BANK Corp. expects its lending business to continue growing as the central bank is seen to take a pause in its interest rate hike cycle amid normalizing inflation.
THE Government Service Insurance System (GSIS) said it extended for a year its housing loan condonation program to help members stave off foreclosure on their properties.