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Tag: Karl Angelo N. Vidal

Peso to drop ahead of Fed, BSP

THE PESO will likely weaken anew this week due to escalated geopolitical tensions overseas and in anticipation of the possible policy tightening of the local and US central banks.

Metrobank, BPI to raise funds from debt papers

METROPOLITAN BANK & Trust Co. (Metrobank) and Bank of the Philippine Islands (BPI) are set to issue peso-denominated bonds to raise fresh funds.

Bond issue to fund Marawi rehab expected to raise P50-60 billion

THE government is hoping to raise P50-60 billion from retail Treasury bonds (RTB) next month to fund the rehabilitation of Marawi City, Task Force Bangon Marawi (TFBM) said Thursday.

Peso weakens on BSP, Fed rate hike bets

THE PESO weakened against the dollar on Thursday due to corporate demand ahead of expected monetary policy tightening by the local and US central banks.

Security Bank raises $300M via five-year fixed rate note facility

SECURITY BANK Corp. raised $300 million through a senior unsecured note drawdown to expand its funding base and extend term liabilities.

Allianz PNB Life Insurance books 162% growth in premium income

ALLIANZ PNB Life Insurance, Inc. reported robust growth in the first half of the year on the back of rising incomes.

Peso climbs as US-China trade tensions escalate

THE PESO strengthened on Wednesday as safe-haven demand for the dollar declined even as trade tensions between the United States and China escalated further.

Growing prime-age population to boost PHL banks

THE PHILIPPINE banking system will likely benefit from fast-growing prime-age populations, Moody’s Investors Service said, flagging concerns on proximity to lenders as a key hurdle to penetration.

PBCom offers 5.5-year LTNCDs for long-term funding

THE PHILIPPINE Bank of Communications (PBCom) started offering long-term negotiable certificates of time deposit (LTNCD) on Monday to strengthen its long-term funding.

Peso rebounds on stronger remittances in July

THE PESO recovered slightly against the dollar on Tuesday on the back of stronger-than-expected remittances data and amid corporate demand.