Banking & Insurance
MB heads off expanded price pressures with off-cycle policy rate adjustment to 6.5%
The regular meeting of the monetary board (MB) of the Bangko Sentral ng Pilipinas (BSP) on Thursday turned into a rate-setting meeting instead as the six-man MB raised the rate at which it lends to banks by 25 basis points to 6.5 percent, effective tomorrow, Friday, 27 October.
Ex-Senator Drilon joins BDO’s board as director
Former Senate President Franklin Drilon is joining the board of BDO Unibank Inc. as independent director, the country’s largest bank by assets said Wednesday.
UnionBank relaunches credit card business
The Union Bank of the Philippines has relaunched its Citi credit card business and bared four new products under the UnionBank brand to cater to the different needs and lifestyles of its customers.
National Treasury awards in full P30B worth 10Y bonds in auction
The National Treasury awarded in full the P30 billion worth of Treasury bonds (T-bonds) due in August 2033, with total tenders at the Tuesday auction over 1.6 times the offered amount.
How Security Bank helped WeeComm grow into a lead property developer
When Cesar L. Wee, Jr. stepped away from his family’s successful business to start his own property development company, he needed to find a bank that was willing to give him the funding necessary to turn his real estate dreams into reality.
