Banking & Insurance
T-bill rates average higher at auction on BSP inflation outlook
Treasury bill yields were higher at the auction Monday, lifted by the Bangko Sentral ng Pilipinas’ inflation projection for June that suggests monetary authorities could keep interest rates higher for longer.
Philippines gross savings hit P6.6 trillion in 2023, exceeds pre-pandemic levels
The country’s gross savings recovered substantially in 2023, exceeding pre-pandemic levels and providing a good sign for future growth in capital investments.
National Reinsurance posts record results in 2023, optimistic for 2024
National Reinsurance Corporation of the Philippines, better known as Nat Re, posted a record net profit of P536.1 million last year, bolstered by strong gains in underwriting, investments and other income.
National Treasury awards entire P30 billion offer for May 2044 bond
The National Treasury on Wednesday awarded in full the P30 billion it offered at the auction of treasury bonds due May 2044.
Treasury bill yields mixed at Tuesday’s auction; 91-day bill rate unchanged
Treasury bill rates were mixed at Tuesday’s auction, with the market waiting for better cues on the direction of interest rates.
