Dollar edges up as focus shifts to data
THE DOLLAR hugged tight ranges on Wednesday ahead of a slew of US economic data that could set the tone for the US Federal...
Global regulators softening bank capital rules
LONDON/WASHINGTON — Seventeen years on from the global financial crisis, regulators are cutting red tape for their banks in a bid to keep lenders...
Young Filipino adults prefer human financial advisers over online tools
YOUNG ADULTS in the Philippines prefer to get financial and insurance advice from humans over online resources, a study by Prudential plc showed.
“Young adults...
Term deposit yields move sideways on inflation report, rate cut ex-pectations
YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) seven-day term deposits moved sideways on Wednesday amid strong demand and as the market reacted to...
BDO seeks to raise at least P5 billion from latest sustainability bond of-fer
BDO UNIBANK, Inc. (BDO) wants to raise at least P5 billion through an offering of sustainability bonds.
The bank on Wednesday kicked off the public...
Soft inflation, weak economy leave room for further easing
THE BANGKO SENTRAL ng Pilipinas (BSP) still has space for further easing this year as inflation remains subdued and as weak investor sentiment due...
Philippine peso drops to fresh record low as BSP says February rate cut on...
The Philippine peso declined to a new record low after the central bank signaled an interest-rate cut and as traders assessed its tolerance for...
Gov’t fully awards dual-tranche T-bond offering
THE GOVERNMENT made a full award of the dual-tranche Treasury bonds (T-bonds) it offered on Tuesday at mixed rates as players moved to buy...
PDIC studying return of P107-billion remittance after Supreme Court ruling
THE PHILIPPINE Deposit Insurance Corp.’s (PDIC) legal team is now reviewing whether it can get back the over P107 billion in funds it remitted...
EastWest Bank partners with PayMongo for online payments acceptance
EAST WEST Banking Corp. (EastWest Bank) has partnered with PayMongo Philippines, Inc. to allow the bank’s business clients to accept online payments at cheaper...
Peso nears record low as inflation picks up
THE PESO weakened to a fresh one-month trough against the dollar on Tuesday to close just a shade higher than its record low as...
Gov’t hikes Treasury bill award as demand soars
THE GOVERNMENT upsized the award of the Treasury bills (T-bills) it offered on Monday as it saw strong market demand, with rates also lower...