Banking & Insurance
Ayala Corp. secures first yen-denominated loan for $200M
Conglomerate Ayala Corp. has successfully signed its first yen-denominated term loan, totaling approximately USD200 million, or P11.5 billion, marking a significant milestone in its corporate financing strategy.
Ride-hailing firms manage contingent driver risks with AXA, Philinsure cover
Grab Philippines and motorcycle taxi platform MOVE IT have tapped AXA Philippines and PhilPacific Insurance Brokers & Managers, Inc. (Philinsure) to strengthen the social protection of their driver, delivery, and rider-partners.
Higala secures $2.8M seed fund to push digital payment solutions in PH
Higala, a trailblazer in inclusive instant payment solutions in the Philippines, has secured an additional $2.8 million in seed funds to support the launch of its platform banking technology.
Treasury bill yields ease on strong demand at auction
Average rates on treasury bills drifted lower at the auction Monday as demand continued to increase after the central bank confirmed its commitment to further monetary policy easing this year.
2024 BOP still a surplus at USD609M but 16 percent lower vs 2023
The country's balance of payments (BOP) position for the fourth quarter of 2024 shifted to a deficit of USD4.5 billion, a stark contrast from the USD1.9 billion surplus recorded in the same period of 2023.
