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THE PESO could depreciate this week versus the dollar ahead of an anticipated rate hike in the United States, although optimism towards the local stock market and the rollout of economic reforms could temper such weakness.
THE INSURANCE business could support a twofold digit development in its premiums for the entire year, the controller's boss stated, with firms to ride on the nation's strong development. The Insurance Commission (IC) is bullish that the segment can keep up a 20% expansion in its aggregate premium salary for 2017 after both life and non-disaster protection firms booked a 19.51% ascent in premiums to P57.035 billion in the main quarter.
THE CENTRAL BANK will open another credit surety finance (CSF) in La Union this week, which is relied upon to stretch out access to credit for little scale firms in the region. Thirteen cooperatives will pool P3.7 million for the new La Union credit surety finance.
THE BANGKO SENTRAL ng Pilipinas (BSP) will soon oblige banks to set aside finances for extortion misfortunes on the off chance that they have not finished the issuance of chip-based cards to their record holders, as the controller pushes every known limit for all inclusive consistence.