Banking & Insurance
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.
Publication cites Security Bank’s Wave Mastercard with Best New Product Launch citation
Security Bank’s Wave Mastercard has been awarded the Best New Product Launch Strategy in the Philippines by The Asian Banker (TAB) at the Philippine Finance Awards 2024 in September. The honor marks the fourth award the Wave Mastercard has received this year.
Recto assures equitable treatment on all digital businesses subject the VAT on DSPs
Finance Secretary Ralph G. Recto lauded on Thursday new legislation ensuring the equitable tax treatment of businesses providing digital services in the Philippines and boosting much-needed revenue collection in the process.
