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ROBINSONS BANK Corp. expects its merchant acquiring business to be approved by the central bank within the month as it aims to expand its product offering and maximize its big retail ecosystem.
THE BUREAU of the Treasury (BTr) will use a new settlement system starting next week as part of efforts to modernize its auction platform and the registry of securities.
ALLIANZ PNB Life Insurance, Inc. plans to venture into the microinsurance business to help narrow the country’s protection gap.
HSBC (Philippines), Ltd. said its president and chief executive officer Jose Arnulfo “Wick” A. Veloso has stepped down from his position.
THE PESO strengthened slightly against the dollar on Monday as markets await the minutes of the latest meeting of the US Federal Reserve and trade talks between Washington and Beijing.
UNITED Coconut Planters Bank (UCPB) said net profit was flat in the first half with operating income growth tempered by higher provisioning for loan losses.
SECURITY Bank Corp. is considering establishing more branch-lite units to expand its network to untapped and unbanked areas.
THE peso firmed against the dollar on Friday as the announcement of trade talks between China and the United States next week encouraged some risk-on sentiment on the market, though trading came in a narrow range and volume declined.
THE Department of Transportation (DOTr) said it will be able to tackle the license plate backlog by November as license plates are now being manufactured in the country.
BPI DIRECT BanKo, Inc., the microfinance arm of listed Bank of the Philippine Islands (BPI), expects its loans to grow sixfold this year supported by its aggressive branch expansion.
THE PESO strengthened slightly against the dollar on Thursday as Qatar’s investment pledge supported the Turkish lira.
THE INSURANCE INDUSTRY booked a double-digit increase in the first half as all sectors posted robust growth, the Insurance Commission (IC) said on Wednesday.
ALLIANZ PNB Life Insurance, Inc. is gearing up to attract more young Filipinos to get protected as it launched an insurance product designed for millennials.
YIELDS on government securities on offer this week will likely move sideways following the policy tightening by the central bank.
PHILIPPINE SAVINGS Bank (PSBank) reported higher net earnings in the first half of the year on the back of strong net interest income and service fees.