Term deposit yields go down as Fed turns dovish

YIELDS on the term deposits offered by the Bangko Sentral ng Pilipinas (BSP) inched lower on Wednesday amid dovish signals from the US Federal...

BSP pushes wider use of PERA program as take-up remains slow

WIDER USE of the Personal Equity and Retirement Account (PERA) can help increase government savings, which could be used for other investments that would...

BDO ends bond offer early amid strong demand

BDO UNIBANK, Inc. on Tuesday ended the public offer period for its third peso-denominated ASEAN Sustainability Bond issue, three days ahead of the original...

Peso strengthens on US rate cut bets

THE PESO hit a new near two-month high against the dollar on Wednesday on growing expectations of a September rate cut by the US...

ADB slightly raises 2024 growth forecast for developing Asia

MANILA - The Asian Development Bank (ADB) slightly raised its growth forecast for developing Asia this year due to stronger domestic demand and export growth,...

Reissued bonds fetch lower rates

THE GOVERNMENT made a full award of the reissued Treasury bonds (T-bonds) on Tuesday at lower rates as the offer was met with robust...

PHL financial system’s resources expand by 10.69% as of end-May

THE TOTAL RESOURCES of the Philippine financial system expanded by 10.69% as of May, mainly driven by big banks, preliminary data from the Bangko...

UnionDigital CEO to step down by August

THE PRESIDENT and chief executive officer (CEO) of the digital banking arm of Union Bank of the Philippines, Inc. (UnionBank) will step down by...

BSP conducts annual Corporate Financial Trends Survey

THE BANGKO SENTRAL ng Pilipinas (BSP) will be conducting the fourth Corporate Financial Trends Survey (CFTS) this quarter, it said on Tuesday. “The CFTS is...

Peso rebounds vs dollar as dovish Powell comments bolster easing view

THE PESO rebounded against the dollar on Tuesday as dovish comments from the US Federal Reserve chief bolstered bets of a rate cut from...

Dollar wobbles as comments of Fed’s Powell put focus on Sept rate cut

SINGAPORE - The dollar crept off five-week lows on Tuesday, as investors weighed the case for a September rate cut after comments by Fed Chair Jerome Powell and...

Demand for T-bills surges on rate cut bets

THE GOVERNMENT upsized the volume of Treasury bills (T-bills) it awarded on Monday even as rates mostly inched up as it saw strong demand...