Business groups urge gov’t to return PDIC dividend remittances
BUSINESS GROUPS are pressing the Department of Finance and Congress to return the Philippine Deposit Insurance Corp.’s (PDIC) dividend remittances to the national Treasury,...
T-bills upsized as investors position for rate cut
THE GOVERNMENT increased the volume of Treasury bills awarded on Monday despite softer demand, with mixed yields reflecting expectations of another rate cut by the Bangko Sentral ng Pilipinas (BSP) next month.
Peso strengthens as investors look past flood scandal
THE PHILIPPINE PESO strengthened against the dollar on Monday as investors shifted focus from a widening corruption scandal linked to state flood control projects.
It...
BDO expects above-industry loan growth
BDO UNIBANK, Inc. expects above-industry loan growth this year despite weakening business sentiment as it looks to expand its lending to middle-market clients.
The bank...
Holiday spending seen lifting banks’ Q4 profits
PHILIPPINE BANKS may post faster earnings growth in the fourth quarter as holiday spending and remittance inflows revive credit demand after a subdued third...
PHL debt yields may track drop in secondary market on rate cut bets
PHILIPPINE Treasury bill and bond rates may extend their recent decline this week as traders position for another Bangko Sentral ng Pilipinas (BSP) rate cut in December.
Peso may trade sideways ahead of delayed US economic data
THE PESO is expected to move within a tight band this week as traders wait for a batch of delayed US economic reports following...
Philippine bond yields decline
YIELDS on Philippine government securities fell last week due to strong demand and as investors expect the central bank to cut interest rates sooner following a sharp slowdown in economic growth.
Rate of one-month BSP debt paper slips further at auction
YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) one-month securities fell on Friday amid strong demand.
Total bids of the BSP 28-day bills reached P129.481...
Philippine banks to see ‘robust’ credit growth as rates go down
PHILIPPINE BANKS may see strong demand for loans until next year as the economy remains strong and as borrowing costs continue to go down...
BPI looks to sustain 12-13% loan growth
BANK of the Philippine Islands (BPI) is looking to sustain its loan growth at the mid-teens range next year as it continues to expand...
Bank of Commerce targets to increase lending to retail sector
BANK of Commerce (BankCom) is looking to increase the share of retail loans in its portfolio to help boost its margins amid easing borrowing...