Banking & Insurance
Strong demand drives down T-bill rates
Strong demand for Treasury bills (T-bills) at Monday’s auction led to a drop in average rates for shorter-dated securities while keeping the yield on one-year paper stable. The Bureau of the Treasury received tenders worth ₱90.6 billion for the ₱22 billion in bills offered, a sign of robust investor appetite.
Foreign currency reserves hit US$106.7 Billion in February
The country's gross international reserves (GIR), an indicator of capacity to pay for trade and maturing debt, saw a significant rise in February, reaching USD106.7 billion, up from USD103.3 billion in January, according to the latest data from the Bangko Sentral ng Pilipinas (BSP).
Chinabank board approves renewal of insurance JV with Manulife
China Banking Corp., an affiliate of the Sy Group and the 5th largest lender in the country by assets, said Thursday its board has approved...
February inflation offers relief to lower-income households
Finance Secretary Ralph G. Recto hailed the significant drop in inflation to 2.1 percent in February, marking the lowest rate since October 2024. He said the reduction provides vital relief to lower-income families, particularly on food prices. The bottom 30 percent income group's inflation rate fell to 1.5 percent, further easing the financial strain on vulnerable sectors.
Lender outlook highlights PH growth and prime investment opportunities
BDO Capital president Eduardo V. Francisco recently emphasized the country's promising growth prospects, positioning the country as a key player in the evolving global economy. Francisco said that the Philippines remains resilient, with growing international confidence and heightened foreign interest in the country's investment potential.
