Banking & Insurance
Treasury yields mostly lower at Monday’s auction after central bank cut overnight rate
Treasury bill yields were largely lower at the auction Monday, a few days after the Bangko Sentral ng Pilipinas cut overnight rates for the first time in four years.
BPI wins big at the Asian Banking and Finance Awards 2024
The Bank of the Philippine Islands (BPI) and its subsidiaries won seven awards at the Asian Banking and Finance (ABF) Awards 2024.
Globe takes out P22 billion from lenders for refinancing, network upgrade
Globe Telecom Inc. on Friday reported taking out a P22 billion loan from local banks to finance network upgrades and to restructure existing debt.
R&I upgrades Manila credit standing to A minus
Japan’s Rating and Investment Information, Inc. (R&I) has upgraded the country's credit rating to A minus (A-) with stable outlook, which reflects robust investor confidence in the country’s high economic growth, strong fiscal position, and promising outlook.
Average rates on shorter-dated treasury bills higher at Monday’s auction
Yield on shorter-dated treasury bills rose at the auction Monday, days after the Philippine Statistics Authority reported that July inflation overshot the Bangko Sentral ng Pilipinas target range of 2 percent to 4 percent.
