Banking & Insurance
PSBank’s P5B bonds draw strong demand
Philippine Savings Bank (PSBank), the thrift banking unit of the Metrobank Group, successfully listed P5 billion worth of fixed-rate bonds on the Philippine Dealing & Exchange Corp. On Monday. This issuance represents the third tranche under the Bank’s P40 billion bond program.
GCash rejects revenue hit from gambling site delinking mandate
E-wallet giant GCash said the Bangko Sentral ng Pilipinas’ (BSP) regulatory directive to sever links with online gambling platforms has had no material impact on its revenue flow, citing the company’s diversified income streams.
T-Bill yields fall further amid policy easing outlook
Yields on Treasury bills continued to decline at Monday’s auction, as expectations of further monetary policy easing gained ground amid slowing inflation.
RTB-31 raises P507B, breaks ground digitally
The Bureau of the Treasury (BTr) has successfully concluded the offer period for the 31st tranche of Retail Treasury Bonds (RTB-31), raising a total of P507.16 billion—a strong show of investor confidence.
Lender, insurer in deal boosting business risk coverage
Security Bank has partnered with Stronghold Insurance Company, Inc. to expand access to non-life insurance products tailored for businesses, in a move positioned as a safeguard against contingent events such as fire, theft, and natural disasters.
