Bonds recover with traders on US inflation watch
Bonds climbed, clawing back some of Monday’s slump in the buildup to US inflation figures that are crucial to the debate over when the Federal Reserve will start to cut interest rates.
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Bonds climbed, clawing back some of Monday’s slump in the buildup to US inflation figures that are crucial to the debate over when the Federal Reserve will start to cut interest rates.
DIGIDO Finance Corp., operator of the Unacash app, announced the roll out of its installment loans service amounting from P3,000 to P5,000, with flexible repayment terms between two months to 12 months.
Consumers are divided over Bitcoin’s staying power, with about one-third expecting the world’s largest cryptocurrency to slide below $20,000 by the end of the year, according to a survey by Deutsche Bank.
FWD Life Insurance Corp. (FWD PHL) dislodged Allianz PNB Life Insurance Inc. as the third-largest insurer in terms of New Business Annual Premium Equivalent (NBAPE) with P4.59 billion in total sales last year.
THE rapid growth of the “new car market” has led Security Bank Corp. (PSE: SECB) and Mitsubishi Motors Corp. to enter into a joint venture agreement to offer financing services to Mitsubishi Motors’ customers in the Philippines.
FUSE Lending Inc., the credit arm of GCash-platform owner Globe Fintech Innovations Inc. (GFII), has disbursed over P118 billion in loans by the end of 2023.
THE national government borrowed a total of P35.6 billion from the combined auction of Treasury bills (T-bills) and bonds (T-bonds), which saw mixed results due to higher average auction yields for both debt papers.
LOCAL cryptocurrency exchange platform Philippine Digital Asset Exchange (PDAX) recently expressed optimism on the government regulatory bodies on their positive stance on cryptocurrency stressing that this level of oversight is crucial for platform integrity and user trust.
SEVERAL warehouses in Cavite with a total tax liability of P5.4 billion were raided in a large-scale operation by personnel of the Bureau of Internal Revenue (BIR) in its bid to stop the illicit trade of cigarettes in the country.
SHOPPERS availing of buy-now-pay-later (BNPL) payments can benefit from CIMB Bank Philippines Inc. (CIMB Bank PH) latest partnership with Lazada E-Services Philippines Inc.
OVERSEAS Filipinos affected by the magnitude 7.2 earthquake that hit Taiwan on Wednesday will soon be eligible to avail of the calamity loan offered by the Social Security System (SSS).
THE Brunei Darussalam Central Bank (BDCB) and Bank of the Lao PDR (BOL) become the latest addition to the Regional Payment Connectivity Initiative (RPC) in the Association of Southeast Asian Nations (Asean).
THE Philippine Council of Associations and Association Executives (PCAAE) recently organized a webinar entitled HLeadership Elevated: Transforming Managers into Visionary Leaders” conducted by Dr. Celia Chomón Zamora, CAE and Director of Professional Learning and Certification for the American Council on the Teaching of Foreign Languages (ACTFL).
THE Hong Kong and Shanghai Banking Corp. (HSBC) committed new investments in the country during a courtesy meeting with President Ferdinand R. Marcos, Jr. last Thursday.
THE Philippine banking system posted a non-performing loan (NPL) ratio of 1.56 percent in February, latest data released by the Bangko Sentral ng Pilipinas (BSP) showed.
THE Bank Marketing Association of the Philippines (BMAP) announced it is set to celebrate its golden anniversary this year with the theme “BMAP@50: Tradition to Transformation.” A statement read the theme “reflects on the significant milestones and achievements of BMAP through the years but also sets the stage for a future where it continues to lead the way in driving innovation in the banking sector.”
THE Bureau of Customs (BOC) announced last Wednesday of having exceeded its revenue target for March, bringing its total collection of P219.385 billion in duties and taxes for the first quarter of the year.
THE Bureau of Internal Revenue (BIR) announced on Wednesday its personnel confiscated smuggled vape products with an estimated total tax liability of P151.1 million in several warehouse raids.
SMALL borrowers who are looking to expand their businesses are expected to benefit from a new credit line facility that Asialink Finance Corp. secured from Taiwan’s Cathay United Bank Co. Ltd. (CUB).
LITHUANIA, which established itself as a hub for financial-technology startups over the past decade, will weed out many of the crypto companies operating there when it starts awarding licenses next year.
THE “buy now pay later” (BNPL) app operator First Digital Finance Corp. (DBA BillEase) announced last Wednesday of an “exceptional growth” in its preliminary unaudited financial report for 2023. The consumer finance company said it doubled revenues to $57 million and generated a net income of $7 million after serving over 800,000 customers.
ASSET liquidation efforts of the Philippine Deposit Insurance Corp. (PDIC) for corporate and closed bank portfolios reached P330 million in total sales for 2023.
BITCOIN investors facing pronounced swings in Asia may be grappling with the fallout of automated trading protocols reacting to flows data for US exchange-traded funds holding the cryptocurrency.
The Philippine Stock Exchange Inc. has added new features on its PSE Electronic Allocation System (PSE EASy) website, a platform that enables local small investors (LSIs) to participate in initial public offerings (IPO) and follow-on offerings.
To further protect your debit card with the Bank of the Philippine Islands (BPI), you need to buy an insurance product.
GLOBAL bonds dropped, tracking the previous day’s selloff in Treasuries, as traders priced the possibility of fewer interest-rate cuts this year from the Federal Reserve.
“IT is not the strongest of the species that survive, nor the most intelligent, but the ones most responsive to change” -Charles Darwin
THE Land Bank of the Philippines (LandBank) announced it has sold close to half a billion or P438-million worth of Retail Treasury Bonds Tranche 30 (RTB-30) investments through its online channels.
THE national government on Tuesday successfully borrowed P30 billion from the tender of Treasury bonds (T-bonds) despite slightly higher investors’ asking rates amid the possible delay in Fed rate cuts.
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