Banking & Insurance

The Bangko Sentral ng Pilipinas (BSP) on Wednesday announced a 25 basis point reduction in its key interest rates, lowering the target reverse repurchase rate to 6 percent.

EastWest Banking Corp., in collaboration with industry experts, successfully hosted an economic briefing at Solaire Resort North in Quezon City focusing on the evolving Philippine economic landscape and real estate trends.

Personal remittances from overseas Filipinos (OFs) saw a robust growth of 3.3 percent in August 2024, reaching USD3.20 billion, up from USD3.10 billion in August 2023.

The Philippine Bank of Communications on Monday launched its inaugural peso bond issuance with an initial size of P2.0 billion with an oversubscription option to diversify its funding sources and support loan growth.

Malayan Insurance Co. Inc. (MICO) has appointed Eden R. Tesoro as chief operations officer (COO) and Adelo A. Abeleda as chief underwriting officer (CUO). These leadership changes come as the company prepares to celebrate its 95th anniversary.