Banking & Insurance
Thrift banks post growth despite menu of challenges
The Chamber of Thrift Banks (CTB), the umbrella organization of the country’s thrift units, reported the sector showing remarkable stability and growth underpinned by key indicators that highlight its robust performance despite the challenges faced the past year.
Alipay+ adds new e-wallets
Ant Group, the global cross-border digital payments and marketing services operator of Alipay+, announced Tuesday that mobile wallets AlipayHK (Hong Kong SAR), Kakao Pay (South Korea), Touch ‘n Go eWallet (Malaysia) and Alipay (Chinese mainland) are now accepted in the Philippines.
BTr partially rejects tenders at auction of 3-year bonds
The Bureau of the Treasury awarded a total P21.19 billion of the P30 billion in three-year bonds it offered at the auction held Tuesday.
Strong demand sends T-bill rates lower
The National Treasury awarded in full P15 billion worth of Treasury bills it auctioned Monday as strong demand sent average yields lower.
BOC bares above-target collection in August
The Bureau of Customs (BOC) reported better than expected collection in August this year having surpassed the target set by the Development Budget Coordination Committee (DBCC).
