Banking & Insurance
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.
GCash-enabled cash transfers now possible with select US banks
GCash, the country’s top finance app and largest cashless ecosystem, has partnered with Meridian, a US-based instant payments provider, to enable cash transfers directly from over 12,000 US banks to any GCash account.
Manulife to redeem USD750 million debentures starting August 20
Manulife Financial Corp., a global financial services provider headquartered in Canada, said it plans to redeem all outstanding USD750 million principal amount of 3.049 percent fixed/floating subordinated debentures on August 20.
