Category: Business Insider
TDF yields rise ahead of BSP meet
BW FILE PHOTO YIELDS on the term deposit facility (TDF) of the Bangko Sentral ng Pilipinas (BSP) continued to rise on Wednesday, as the 14-day…
Metrobank expects 50-bp rate hike, launches financial education e-book
AN OFFICIAL from the Metropolitan Bank & Trust Co. (Metrobank) forecasts another 50-basis-point (bp) rate increase by the Philippine central bank in response to the…
Microinsurance providers’ collection of premiums up in Q1
THE TOTAL PREMIUMS collected by microinsurance providers rose in the first quarter, the Insurance Commission (IC) reported on Wednesday. The IC said in a statement…
Gov’t fully awards T-bonds at lower rates as market awaits outcome of key meetings
BW FILE PHOTO THE GOVERNMENT fully awarded the reissued seven-year Treasury bonds (T-bonds) it auctioned off on Tuesday at a lower average rate as the…
AUB sees rising demand for dollar-denominated assets
BW FILE PHOTO ASIA UNITED BANK Corp. (AUB) expects dollar-denominated investments to be in high demand amid the peso’s depreciation as the US Federal Reserve…
Peso closes at P57.48 a dollar
BW FILE PHOTO THE PESO weakened versus the dollar on Tuesday as market players expect the US Federal Reserve to remain aggressive in its meeting…
Treasury partly awards T-bills before key meetings
BW FILE PHOTO THE GOVERNMENT partially awarded the Treasury bills (T-bills) it auctioned off on Monday as traders demanded higher yields in anticipation of more…
PhilRatings gives ‘PRS A’ grade, ‘stable’ outlook to Nat Re
THE NATIONAL Reinsurance Corporation of the Philippines (Nat Re) has obtained a “PRS A” financial strength rating with a “stable” outlook from local debt watcher…
Peso strengthens on balance of payments data, lower oil prices
BW FILE PHOTO THE PESO strengthened versus the dollar on Monday, amid the narrower balance of payments (BoP) deficit in August and lower oil prices….
Treasury bills, bonds seen to fetch higher rates
BW FILE PHOTO RATES of government securities (GS) on offer this week could rise on expectations of aggressive tightening by the US Federal Reserve and…
Yields on gov’t debt rise as US CPI stays elevated
YIELDS on government securities (GS) rose last week as August US consumer inflation exceeded market expectations, strengthening the possibility of another aggressive rate hike from…
Peso may recover vs the dollar on expectations of BSP rate increase
BW FILE PHOTO THE PESO may rebound against the dollar this week as the Bangko Sentral ng Pilipinas (BSP) is widely expected to continue increasing…
InstaPay, PESONet transactions grow
DAVID DVORACEK-UNSPLASH ONLINE TRANSACTIONS coursed via PESONet and InstaPay rose by 43% year on year to P5.37 trillion in the first seven months, driven by…
Yen intervention will not stop sharp declines, official warns
JAPANEXPERTERNA.SE/FLICKR TOKYO — Japan’s efforts to stop the yen’s sharp falls through unilateral market intervention would only have a limited impact, a senior member of…
IC chief steps down as Asian Re head
INSURANCE Commissioner (IC) Dennis B. Funa has stepped down from his post as chairman of the Asian Reinsurance Corp. (Asian Re) effective Aug. 31, the…
Cultivating hope, celebrating digital creators
PHILIPPINE agriculture has not recovered yet to pre-pandemic levels as of the first half of this year. According to the latest quarterly report from the…
Peso drops further on oil’s rise, slower remittance growth
BW FILE PHOTO THE PESO weakened further against the greenback on Thursday after the latest correction in global oil prices and slower growth in cash…
Yields on BSP’s term deposits rise on rate hike expectations
BW FILE PHOTO YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) term deposits climbed further on Wednesday, with the 14-day papers slightly undersubscribed, amid expectations…
Pru Life bullish on growth despite risks
PRU LIFE UK remains optimistic about its growth prospects this year despite high inflation and rising interest rates. “We’re confident that in the medium to…
Maya Bank hits P5B in deposits, over 650,000 customers in three months
DIGITAL LENDER Maya Bank, Inc. recorded over 650,000 customers and P5 billion in deposit balances as of end-July, just three months after its launch. “Our…