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NG outstanding debt drops to P9.37 trillion

THE National Government’s (NG) total outstanding debt stood at P9.369 trillion at the end of September, 2.6% down from the previous month after the repayment of its short-term loan from the Bangko Sentral ng Pilipinas (BSP).

China Bank posts higher profit as core businesses continue to grow

CHINA BANKING Corp. (China Bank) posted higher net earnings in the third quarter as its core businesses continued to grow despite the coronavirus pandemic.

Peso weakens versus the dollar on higher foreign external debt

THE PESO weakened slightly versus the dollar on Thursday on data showing increased borrowings from the foreign market and as coronavirus cases in the United States increased.

Gov’t plans to borrow P140B in Nov.

THE government is planning to borrow at least P140 billion from the domestic market through the sale of government securities in November, as investors remain liquid and cautious amid the pandemic.

Peso ends flat against the dollar on uncertainty over US stimulus

THE PESO was steady versus the dollar on Wednesday after the House of Representatives transmitted the 2021 national budget bill to the Senate and amid further delays in the passage of a stimulus measure in the United States.

Peso climbs on BoP surplus, vaccine news

THE PESO strengthened against the dollar on Tuesday as the country logged a balance of payments (BoP) surplus last month and on news that patients in the clinical trials of drug company AstraZeneca Plc showed a positive response to its coronavirus vaccines.

Gov’t makes full award of T-bills as rates drop on strong...

THE GOVERNMENT made a full award of the Treasury bills (T-bills) it auctioned off on Monday as yields inched down as the market remains awash with cash and despite lingering uncertainties due to the coronavirus pandemic.

BDO books higher net profit in 3rd quarter

BDO Unibank, Inc. posted a higher net income in the third quarter as its core businesses continued to grow despite the coronavirus pandemic.

UnionBank net income climbs 11% in Q3

UNIONBANK of the Philippines, Inc. booked a higher net earnings in the third quarter driven by double-digit growth in its recurring income.

Peso strengthens further vs dollar on vaccine hopes

THE PESO strengthened versus the dollar on Monday as the country continued to record fewer cases of the coronavirus disease 2019 (COVID-19) and amid hopes for a vaccine availability in the United States by next month.

Rates of T-bills likely to inch up as market tracks US...

TREASURY BILLS (T-bills) on offer this week are expected to fetch slightly higher rates as investors take their cue from offshore developments amid a lack of local leads.

Peso likely to rise on fewer virus cases

THE PESO may continue climbing versus the dollar this week as the economy further reopens due to expectations of fewer cases of the coronavirus disease 2019 (COVID-19) in the country and strong liquidity.

Insurers evaluating pay-per-use, small payments as users tighten belts

INSURERS said they are adjusting to the economic damage sustained by their clients during the pandemic by evaluating products like pay-per-use auto coverage and offering schemes that feature smaller payments.

Peso strengthens as US officials continue talks on fresh stimulus

THE PESO strengthened against the dollar on Wednesday as the United States government continues talks on a fresh stimulus to boost activity in the world’s largest economy amid the ongoing coronavirus pandemic.

Insurers urge motorcycle owners to disclose use of vehicles in delivery

THE Philippine Insurers and Reinsurers Association (PIRA) encouraged motorcycle owners to disclose their use of the vehicle for delivery, and warned of delayed claims processing times for accident damage if the information is not provided.

BTr fully awards 10-year bonds on lower yield, strong demand

THE GOVERNMENT made a full award of the reissued 10-year Treasury bonds (T-bonds) it offered on Tuesday as its yield dropped on expectations of benign inflation in the next two years.

Peso drops vs dollar as virus spreads in the US

THE PESO weakened versus the dollar on Tuesday as coronavirus disease 2019 (COVID-19) cases increased in the United States and after Metro Manila mayors recommended keeping current restrictions for the rest of the year.

Gov’t makes full award of Treasury bills

THE GOVERNMENT made a full award of the Treasury bills (T-bills) it offered on Monday as the rates mostly inched down on the back of strong liquidity in the financial system.

Peso climbs on eased public transportation rules, US stimulus talks

THE PESO strengthened on Monday after the government eased public transportation rules within Metro Manila and as opposition lawmakers in the United States said they expect a deal on a fresh stimulus fund by this week.

Rates of T-bills, bonds to move sideways as market stays liquid

RATES OF government securities on offer this week will likely move sideways as demand remains strong on the back of ample cash in the financial system.

Peso expected to rise on eased quarantine rules

THE PESO may strengthen this week following the passage of the 2021 national budget and the easing of quarantine measures in the country.

PNB plans major asset disposals by year’s end

Philippine National Bank (PNB) said hopes to dispose of underperforming assets, including real estate, this year to raise funds for more lending. “The real estate...

PNB considering setting up digital bank

Philippine National Bank said it is studying establishing a digital bank and is actively reviewing the regulatory regime to determine whether it is more...

Peso rebounds on easing of lockdown rules, Budget special session

The peso rebounded Friday after the government eased lockdown rules for minors as young as 15 and senior citizens as old as 65, and...

Peso drops further vs dollar on delayed passage of US stimulus

THE PESO extended its decline versus the dollar on Thursday after the US Treasury said the passage of a stimulus may be delayed further.

Peso weakens as US Senate sets vote on stimulus

THE PESO weakened further on Wednesday as the market waits for the House’s approval of the 2021 national budget and after lawmakers in the United States rejected a proposal for a fresh stimulus fund amid the coronavirus pandemic.

Peso declines further on budget, US stimulus talks

THE PESO weakened further on Tuesday as Congress continued deliberations on the 2021 national budget and amid prolonged talks in the United States on an economic stimulus program amid the coronavirus pandemic.

Gov’t fully awards T-bill offer on strong liquidity, easing inflation

THE GOVERNMENT made a full award of the Treasury bills (T-bill) it offered on Monday as rates inched down across-the-board amid strong liquidity in the market and expectations of manageable inflation.

Peso weakens as market awaits 2021 budget approval

THE PESO weakened against the dollar on Monday as the market waits for developments in the 2021 national budget deliberations and amid stimulus hopes in the United States.

Treasury bills to fetch lower rates on strong liquidity in the...

RATES OF Treasury bills (T-bills) on offer today (Oct. 12) may remain unchanged or move sideways as investors remain awash with cash and cautious over long-term securities.

Peso climbs on stimulus hopes

THE PESO rebounded on Thursday as sentiment improved following progress on a vaccine against the coronavirus disease 2019 and a fresh economic stimulus fund in the United States.

Gov’t fully awards 3-year bonds as rate drops on strong demand

THE GOVERNMENT made a full award of its reissued three-year Treasury bonds (T-bonds) it offered on Tuesday as its rate declined following the release of data showing slower inflation in September.

Insurance industry developing ASEAN-wide digital skill certification

THE ASEAN Insurance Council (AIC) said it is developing a diploma course on digital-age skills for its workers that will be recognized across the region.

Gov’t makes full award of T-bills as rates drop on inflation...

THE GOVERNMENT made a full award of the Treasury bills (T-bills) it offered on Monday as yields inched lower across-the- board on expectations of a slower inflation print last month.

Insurers studying pandemic-related products

INSURERS are looking at introducing products to address the needs of consumers affected by a pandemic like the coronavirus disease 2019 (COVID-19).

Peso inches up vs dollar

THE PESO strengthened on Monday on expectations of slower inflation last month and following tepid manufacturing data from the United States.

T-bill, bond rates to inch lower

RATES OF government securities will likely move sideways to down as investors expect inflation to remain within the central bank’s target in the next two years.

Peso set to climb ahead of inflation, trade data

THE PESO is expected to strengthen this week ahead of the release of local inflation and trade data.

CIC touts credit-score app amid increased borrowing during pandemic

State-run Credit Information Corp. encouraged potential borrowers to check their credit scores on its mobile application to size up their prospects of obtaining credit...

Insurers warned of data risk as firms move to self-service

A cyber security expert said insurance firms adapting to new processes during the pandemic must be aware of the security risks and take steps...

Peso weaker on dollar safe-haven plays after Trump tests positive for...

The peso weakened Friday as investors sought a safe haven in the dollar after US President Donald J. Trump tested positive for coronavirus disease...

Sun Life sees insurance market expanding as outlook improves

SUN LIFE of Canada (Philippines), Inc. sees a bigger market for insurance by the end of the year as economic uncertainties ease following the extension of a looser quarantine in the country. 

Peso strengthens further ahead of BSP policy decision

THE PESO strengthened further on Thursday as the market expected the central bank to keep rates steady at its policy meeting set to conclude later in the day.

Peso inches up versus the dollar on eased lockdown

THE PESO inched up versus the dollar on Wednesday amid the extended implementation of the general community quarantine in Metro Manila and expectations the central bank will keep rates unchanged at its meeting today (Oct. 1).

Government to borrow P140 billion in October

THE government plans to borrow P140 billion from the domestic market in October, less than the P160-billion program this month, as investors remain highly liquid but more cautious.