Banking & Insurance
LGUs propose debt aggregating P48.9 billion to fund constituent infrastructure needs
The various local government units (LGU) proposed borrowing P48.9 billion in the second half of 2023 for purposes of funding mostly public infrastructure projects that impact their constituents, the policy-making monetary board of the Bangko Sentral ng Pilipinas (BSP) said.
Credit cards, car loans remain top draws as bank products
Car loans and credit cards remain the banks' most popular products in latest data showing consumer loans having grown slightly above 25 percent in February this year.
Metrobank gets mandate to manage P1.5-B SSS balanced fund
Metrobank Trust, the trust banking arm of Metropolitan Bank & Trust Co. (Metrobank), has been selected by state-pension fund Social Security System (SSS) to oversee a P1.5 billion balanced fund.
Telco extends medical insurance at the cost of a few promotional points
Globe has partnered with life insurer Singlife in a health insurance plan costing only 5 Globe Rewards points, making protection virtually free.
Monetary Board raises forecast inflation a notch higher but keeps policy settings unchanged
The policy-making Monetary Board of the Bangko Sentral ng Pilipinas (BSP) on Monday held its benchmark interest rate, also known as target reverse repurchase (RRP) rate at 6.50 percent for the fourth time in a series, meeting market expectations.
