Thursday, June 27

Tag: Banking & Finance

Treasurer pleased with T-bill auction

Business
The Bureau of the Treasury (BTr) has awarded all tenor buckets in its latest Treasury bills (T-bills) auction on Monday amounting to a total of P15 billion, with market rates within the the Treasury’s internal estimates. National Treasurer Rosalia V. de Leon told reporters the auction committee decided to fully award the T-bills with a total of P15 […]

PHL dollar reserves slip to $81.2 billion in January

Business
Efforts by the Bangko Sentral ng Pilipinas (BSP) to put order in the foreign-exchange market helped push the country’s dollar reserves lower in January. Latest data from the BSP showed the country’s gross international reserves (GIR), representing the country’s holdings of foreign currency and gold, fell during the month to only $81.2 billion. The BSP, […]

BAP supports amendments to Access Devices Act

Business
The Bankers Association of the Philippines (BAP) commends the unanimous act of the House of Representatives to pass House Bill 6710, or “An Act Amending Republic Act 8484 Otherwise Known as the Access Devices Regulation Act of 1998,” on third and final reading without a single objection. The House of Representatives, through the able leadership […]

BSP governor faces his first major test

Business
Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla Jr. faces his first major test on Thursday: striking a balance between curbing inflation and calming financial markets. Inflation is at the highest in more than three years, the currency is under pressure and financial markets are experiencing wild moves this week. Espenilla has to decide […]

MWSS unveils ecotourism hub master plan

Business
As part of its quest to bring new avenues for growth and revenues, Metropolitan Waterworks and Sewerage System (MWSS) recently unveiled its Water Eco-Tourism Hub Master Plan as it kick started its 140th founding celebration this month. The plan was done by urban planner architect Felino Palafox to bring the 79-hectares Old Balara Picnic Grove […]

UCPB start-up bancassurance business takes off in 2017

Business
UCPB’S partnership with life insurance company, Cocolife, and nonlife insurance company, UCPB General Insurance Co. Inc., is paying solid dividends for the bank. In the nine months following its launch in April 2017, the bancassurance partnership generated total premiums of P1.05 billion from the sale of insurance policies of the two companies to the bank’s, […]

PLDT debuts virtual rewards wallet and card

Business
Leading telecom and digital service provider PLDT on Wednesday launched the PLDT group’s converged rewards program that will benefit customers of PLDT, Smart, TNT and Sun subscribers. Dubbed the Most Valuable Partner program or MVP, customers can enroll Error! Hyperlink reference not valid. PLDT Home, Smart, TNT and Sun accounts and conveniently link it to […]