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Gov’t rejects all bids for 7-year bonds

THE GOVERNMENT rejected all bids for the reissued seven-year Treasury bonds (T-bonds) it offered on Tuesday as investors demanded higher rates ahead of the August policy meeting of the central bank.

PSBank gets BSP nod for LTNCDs

PHILIPPINE SAVINGS Bank (PSBank) has received regulatory approval to raise up to P15 billion in long-term negotiable certificates of deposit (LTNCD) to expand its consumer banking segment.

Peso up ahead of Powell speech

THE PESO bounced back on Tuesday as the dollar weakened across major currencies ahead of the testimony of US Federal Reserve Chairman Jerome Powell and following the stronger remittance data released Monday.

Treasury opts for partial award of T-bills

THE GOVERNMENT made a partial award of the Treasury bills (T-bill) it auctioned off on Monday, with rates on the longer tenors rising amid persistent concerns over domestic inflation.

Robinsons Bank raises P1.78B from LTNCDs

ROBINSONS BANK Corp. raised P1.78 billion from the first tranche of its P5-billion long-term negotiable certificates of deposit (LTNCD) program, which it wants to use to support its loan growth.

Peso drops to fresh 12-year low as Trump calls EU a...

THE PESO weakened against the dollar to hit a fresh 12-year low due to continuous corporate demand for the dollar as well as the negative statement of US President Donald J. Trump against the European Union (EU).

Rates of T-bills, T-bonds to rise

GOVERNMENT SECURITIES on offer this week will likely fetch higher rates, with demand expected to continue focusing on the shorter tenor amid lingering concerns over domestic inflation.

China Bank to open 8-10 more branches

CHINA BANKING Corp. (China Bank) is set to open more branches this year amid its digital push and an ongoing rationalization of offices.

Peso seen moving sideways

THE PESO is seen to move sideways against the dollar this week ahead of likely mixed economic data in the US as well as key summits abroad.

China Bank raises P10.25 billion from LTNCD offer

CHINA BANKING Corp. (China Bank) raised P10.25 billion from its long-term negotiable certificates of deposit (LTNCD), which it wants to use to stabilize its cost of funding and expand its business.

Peso ends flat following positive US data, renewed trade tensions

THE PESO ended flat against the dollar on Thursday following upbeat US producer price data and renewed trade tensions between China and the US.

Credit Information Corp. not keen on naming more accessing entities

STATE-RUN Credit Information Corp. (CIC) is reluctant to accredit more credit bureaus as Filipinos’ access to formal lending institutions remains low.

Peso slips to near two-week low

THE PESO weakened on Wednesday, slipping to a near two-week low against the dollar, due to a fresh escalation in trade tensions between China and the United States.

ACOM starts local lending operations

ACOM Consumer Finance Corp. has started its lending operations as it aims to reach out to 1.5 million Filipinos in Metro Manila.

BPI eyes increased use of electronic channels

BANK of the Philippine Islands (BPI) wants to double the number of clients using electronic channels in the next five years as it ramps up its digitalization push.

Peso weakens on PHL trade data

THE PESO depreciated against the dollar on Tuesday after local data showed a wider trade deficit.

T-bills partially awarded as rates of long tenors rise

THE GOVERNMENT partially awarded the Treasury bills (T-bill) it placed on the auction block on Monday, with yields on the longer tenors climbing as investors expect the central bank to hike interest rate following the faster-than-expected June inflation print.

Peso climbs slightly as dollar slips after mixed US jobs data

THE PESO strengthened a tad against the dollar on Monday following the release of unemployment data in the United States last Friday.

T-bills to fetch higher rates due to thin demand

TREASURY BILLS (T-bills) on offer this week will likely fetch higher yields amid lower demand as the market expects the local central bank to raise its policy rates anew following the faster-than-expected June inflation print.

Peso to move within tight range after positive US data

THE PESO will likely move sideways against the dollar this week on the back of likely mixed economic data in the United States and as well as potentially weak Philippine trade figures.

GSIS sets minimum rating for reinsurance bidders

GOVERNMENT SERVICE Insurance System (GSIS) is now requiring firms wishing to join the pension fund’s bidding for reinsurance contracts to carry a minimum credit rating of B+.

PHL signs social security deals with Germany, Japan

THE Philippines’ two major pension funds have signed social security arrangements (SSAs) with Germany and Japan to extend benefit coverage to Filipino residents of that country.

Nat Re 2017 net profit down 35% at P50-M

NATIONAL Reinsurance Corp. of the Philippines (Nat Re) said net profit fell in 2017 due to reinsurance payouts for calamities and fires.

Peso flat vs. dollar in rangebound trading

THE peso ended flat against the dollar on Friday after the release of the minutes of the June meeting of the US Federal Reserve.

BPI eyes to expand branch network

BANK OF THE Philippine Islands (BPI) is growing its branch network in the provincial areas in line with its financial inclusion goal and digitalization push.

IC shuts operations of pre-need firm Paz Life Plans

THE Insurance Commission (IC) has suspended the operations of pre-need firm Paz Life Plan, Inc. after it failed to comply with the capitalization requirement.

Peso drops as inflation picks up in June

THE PESO depreciated against the dollar on Thursday as headline inflation for the month of June accelerated to a fresh five-year high.

Pre-need firm Paz Life suspended for failing to comply with capital...

THE Insurance Commission (IC) has suspended the operations of pre-need firm Paz Life Plan, Inc. after it failed to comply with the capitalization requirement. In...

GSIS evaluating managers for $800-M fund

THE GOVERNMENT Service Insurance System (GSIS) is evaluating the external asset managers that applied to manage $800 million worth of its investments — a move to diversify its funds.

RCBC launches online FX trading facility

RIZAL COMMERCIAL Banking Corp. (RCBC) has launched an online platform allowing its clients to buy and sell currencies.

Peso inches up vs dollar

THE PESO strengthened a tad against the dollar on Wednesday as the market looked ahead to the release of local inflation data as well as the minutes of the US Federal Reserve’s June meeting.

Treasury rejects all bids for 10-year bonds

THE GOVERNMENT rejected all bids for the 10-year Treasury bonds (T-bond) it offered yesterday as investors demanded higher rates ahead of the June inflation print.

Robinsons Bank to open more branches

ROBINSONS BANK Corp. is set to open more branches this year as it intends to expand its market reach.

Peso up ahead of inflation report

THE PESO rebounded slightly on Tuesday as the market waits for the release of local inflation data and as the dollar weakened due to positive developments in Germany.

Gov’t borrows P11.9B via Treasury bills

THE GOVERNMENT opted for a partial award of the Treasury bills (T-bills) on offer yesterday as yields on the longer tenors rose, with the market pricing in their expectations on inflation and of another rate hike from the central bank.

Bank of Makati posts P507-M income in Q1

BANK OF MAKATI (A Savings Bank), Inc. (BMI) netted P507 million in the first three months of the year buoyed by loans for motorcycles and by small businesses.

More lenders expected to use InstaPay platform

PHILIPPINE PAYMENTS Management, Inc. (PPMI) expects more lenders to start using automated clearing house InstaPay to spur more digital transactions in the country.

Peso weakens anew on concerns over trade war, positive US data

THE PESO weakened anew on Monday as the dollar strengthened due to lingering trade war concerns and following upbeat personal consumption data in the United States.

Demand for T-bills, bonds to ease

YIELDS ON government securities on offer this week will likely move sideways on weak demand as the market waits for the release of inflation data expected to show a further acceleration in price increases.

Gov’t plans to raise up to P300B in Q3 debt

THE BUREAU of the Treasury said on Thursday it plans to raise as much as P270 billion from the sale of Treasury bills and bonds next quarter, 17% less than it had programmed for the current quarter.

Robinsons Bank offering LTNCDs

ROBINSONS BANK Corp. has started its offer of long-term negotiable certificates of deposit (LTNCD), which it plans to list on July 16.

MCBL launches dollar VUL fund

MANULIFE China Bank Life Assurance Corp. (MCBL) has launched a financial product combining insurance coverage and investment yields.

Peso slips to new low

THE PESO weakened anew on Thursday, slipping to a fresh 12-year low, as the dollar went up amid renewed trade war concerns.

May sees infra, other capital outlays rise

INFRASTRUCTURE and other capital outlays continued to surge in May, the Department of Budget and Management (DBM) said on Wednesday, backing projections that gross domestic product (GDP) growth caught up with the official target this quarter.

AUB completes migration to EMV cards

ASIA UNITED Bank Corp. (AUB) has completed its migration to microchip-based bank cards, meeting the end-June deadline set by the central bank.