Banking & Insurance
GSIS ready to help members, pensioners in Davao affected by flash floods, landslides
Government Service Insurance System (GSIS) president and general manager Wick Veloso said the pension fund is prepared to extend emergency loan to members and pensioners in Davao Del Norte, Davao de Oro, Davao Oriental and Davao City beset by continuous rainfall, resulting in flash floods and landslides.
PLDT strengthens partnership with Tarlac’s Signabank
PLDT Enterprise, the business arm of listed telecom giant PLDT Inc., has strengthened its partnership with Signabank Rural Bank of Sta. Ignacia, an expanding rural lender in Tarlac.
CIMB PH launches next generation, high interest time deposit product
CIMB Bank Philippines, cited by Forbes as the Best Bank in the Philippines, has expanded its product offering with the launch of the new MaxSave Time Deposit product. The service offers the highest interest rate in the market of up to 7.5 percent per annum.
Strong demand for 10-year bonds allows BTr to open tap facility, upsize bond issue
Strong demand for 10-year government bonds at the auction Tuesday allowed the Bureau of the Treasury to open its tap facility to borrow more funds for budgetary support.
Remolona says rates to ‘stay sufficiently tight’
Reuters - Monetary policy would have to remain "sufficiently tight" with inflation currently forecast to stay above its 2 percent to 4 percent target, making a rate cut at its next meeting unlikely, Bangko Sentral ng Pilipinas governor Eli Remolona said on Monday.
