Banking & Insurance
Security Bank 9-month profit rises 12%, boosted by strong revenue growth
Security Bank Corporation reported a 12 percent annual increase in net profit for the first nine months of 2024, posting P8.5 billion compared to P7.6 billion in the same period last year.
BSP warns of fraudulent group using its name to solicit funds
The Bangko Sentral ng Pilipinas (BSP) on Tuesday issued a warning regarding a group named “12 Stars Sunflower Holding Corporation” and its alleged leader, “Princess Jonah A. Seneca,” who are reportedly using the BSP’s name to solicit money from the public.
BSP orders GCash to resolve unauthorized deductions
The Bangko Sentral ng Pilipinas (BSP) has intervened in the ongoing issue of unauthorized deductions from GCash accounts, directing G-Xchange, Inc. (GXI) to swiftly address the problem and expedite refunds for affected users.
Treasury bill yields mixed at auction
Average rates for treasury bills were mixed at the auction held by the Bureau of the Treasury on Monday, as the prospects of further easing by the Bangko Sentral ng Pilipinas were weighed against the weakness of the Philippine peso versus the U.S. dollar.
Manulife launches Wealth Guarantee Plan to boost Filipinos’ financial security
Manulife Philippines and Manulife China Bank Life Insurance Corporation have launched Wealth Guarantee, a new single-payment insurance plan that offers Filipinos a comprehensive savings and investment option.
