Banking & Insurance
Treasury bill yields continue rise; one-year paper top 6% at Monday’s auction
Treasury bill yields were up at the auction Monday after the central bank last week kept overnight rates high on lingering concern over further inflation acceleration.
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.
