Banking & Insurance
Land Bank partners with KITA Agritech and TAO Foods to boost financial services for small farmers
The Land Bank of the Philippines has announced strategic partnerships with KITA Agritech Corp. and TAO Foods Co. Inc., aimed at enhancing financial access and modernization for small farmers.
Ayala Corp. secures $200 million long-term loan from Metrobank
Ayala Corp. on Tuesday announced securing a USD200 million senior long-term loan from the Metropolitan Bank and Trust Co. (Metrobank) under a business partnership that has flourished the past three decades.
GIR hits new high of $112.0 billion in September
The country’s gross international reserves (GIR) level, an indication of capacity to pay for foreign currency-denominated obligations, reached an all-time high of USD112 billion as of end-September 2024 from the end-August 2024 level of USD107.9 billion.
Unicapital recomputes higher PSEi this year and next
Broker Unicapital Securities Inc. on Monday recomputed the benchmark Philippine Stock Exchange index (PSEi) to round the year higher to 7,600 points from 7,000 points previously on the back of still lower interest rates at the close of 2024.
Treasury bill yields rise at auction Monday; total bids decline sharply
Treasury bill rates average higher at the auction Monday, with demand easing sharply from last week.
