Banking & Insurance
Treasury bill yields mixed at Tuesday’s auction; 91-day bill rate unchanged
Treasury bill rates were mixed at Tuesday’s auction, with the market waiting for better cues on the direction of interest rates.
GCash-enabled cash transfers now possible with select US banks
GCash, the country’s top finance app and largest cashless ecosystem, has partnered with Meridian, a US-based instant payments provider, to enable cash transfers directly from over 12,000 US banks to any GCash account.
Manulife to redeem USD750 million debentures starting August 20
Manulife Financial Corp., a global financial services provider headquartered in Canada, said it plans to redeem all outstanding USD750 million principal amount of 3.049 percent fixed/floating subordinated debentures on August 20.
China Bank new PSE ticker symbol: CBC
The Philippine Stock Exchange Inc. and China Banking Corp. on Wednesday held a special bell ringing ceremony marking the first time that Chinabank traded under the stock symbol CBC from CHIB.
NG deposits, bond proceeds help push May BOP into surplus
The country’s balance of payments (BOP) stood as a surplus of USD 2 billion in May, a reversal from the USD 439 million deficit recorded a year earlier.
