Banking & Insurance
Treasury bill yield eases at Monday auction on strong demand
Treasury bill rates averaged lower at Monday’s auction, with demand for short-term debt papers driven higher by anticipation of further monetary policy easing by the Bangko Sentral ng Pilipinas.
RCBC plans USD bond issuance to support sustainability
Rizal Commercial Banking Corp., the Philippines' sixth-largest bank by assets, scheduled on Monday a marketing call with fixed-income investors on its plan to issue benchmark-sized USD senior unsecured sustainability notes.
Pru Life UK partners with Islamic bank in promoting takaful in PH
Takaful licensed Pru Life UK on Monday announced a strategic partnership with Al Amanah Islamic Investment Bank of the Philippines (AAIIBP) to promote Shariah-compliant insurance products and enhance financial inclusion, particularly in Muslim-majority regions like the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM).
WEF Report highlights growing global risks and urges urgent cooperation
The 20th edition of the World Economic Forum’s Global Risks Report, released Wednesday, paints a sobering picture of the global risk landscape, highlighting the growing fragility of the international system.
Personal remittances rise 3.5% in November 2024, helping drive economic growth
Personal remittances from overseas Filipinos (OFs) grew by 3.5 percent to reach USd3.12 billion in November 2024, up from only USD3.02 billion in the same month last year, according to data from the Bangko Sentral ng Pilipinas (BSP).
