EastWest Bank launches voluntary PERA contribution program for employees
EAST WEST Banking Corp. (EastWest Bank) has rolled out its voluntary Personal Equity and Retirement Account (PERA) contribution program in partnership with DragonFi Securities,...
T-bill yields surge as war heightens inflation fears
THE GOVERNMENT partially awarded the Treasury bills (T-bills) it offered on Monday as yields surged, with prolonged Middle East conflict continuing to push up...
Banks’ Q1 net profit rises to P104.8 billion
THE PHILIPPINE banking sector booked a slightly higher combined net income in the first quarter despite the onset of the Middle East war, data...
Peso sinks to new record low for third straight day as war drags on
THE PESO dropped to new record low on Monday as the Strait of Hormuz’s continued closure due to the standoff between the United States...
AUB net income climbs to P3.2B
ASIA United Bank Corp. (AUB) saw its net income rise by 1.8% in the first quarter, supported by the continued growth of its core...
Metrobank offers yields of up to 5% per annum on online time deposits
METROPOLITAN Bank & Trust Co. (Metrobank) is offering higher yields on its online time deposit product, letting customers earn up to 5% per annum...
T-bill, T-bond yields may rise on rate hike outlook
RATES of Treasury bills (T-bills) and Treasury bonds (T-bonds) to be offered this week could rise further as investors continue to demand higher returns amid market uncertainty, persistent inflation concerns and expectations of additional interest rate increases.
Peso may test P62 versus dollar on Iran war, local political turmoil
THE PESO could weaken further and test the P62-a-dollar level this week as the unresolved US-Israel war on Iran continues to boost demand for the greenback and drive oil prices higher, while political tensions at home weigh on sentiment.
PHL yields climb on inflation, BSP hike bets
YIELDS on government securities (GS) traded in the secondary market rose sharply across all maturities last week as persistent inflation concerns and expectations of...
Penetration tops 2% as insurance premiums rise
THE INSURANCE INDUSTRY posted higher premium income in the first quarter as insurance penetration breached the 2% level for the first time in five...
BSP bill yields rise for 4th straight week amid strong investor demand
YIELDS on Bangko Sentral ng Pilipinas’ (BSP) short-term securities edged higher for a fourth straight week even as investor demand remained strong.
The 28-day BSP...
Metrobank sees slower asset growth, steady profit outlook
METROPOLITAN BANK & Trust Co. (Metrobank) expects asset growth to ease to single digits as weaker consumer demand drags expansion, even as higher interest...