Gov’t to borrow P150 billion from domestic market in Oct.
THE NATIONAL Government (NG) plans to borrow P150 billion from the domestic market in October, the Bureau of the Treasury (BTr) said on Thursday.
The...
Dollar surge brings ‘pseudo tightening’ to Southeast Asia
SOUTHEAST ASIAN central banks are using tools other than rate hikes to defend their currencies against the surging dollar as bets on higher-for-longer US...
Handling cyberattacks
By Benel D. Lagua
They say what happens in Las Vegas stays in Las Vegas. But the lessons of ransomware and cyberattacks need to be digested so that...
Peso drops to new 10-month low
THE PESO dropped to a new 10-month low against the dollar on Thursday due to market worries over possibilities of a US government shutdown.
The...
TDF yields drop on hawkish Fed, BSP bets
YIELDS on the central bank’s term deposits went down on Wednesday amid hawkish signals from the Bangko Sentral ng Pilipinas (BSP) and the US...
China’s central bank to use ‘precise, forceful’ policy to bolster recovery
BEIJING — China’s central bank said on Wednesday it would step up policy adjustments and implement monetary policy in a “precise and forceful” manner...
Italy seeks Monte Paschi deal in push to create banking hub
ITALY is seeking to turn Banca Monte Paschi di Siena SpA into the country’s third-largest bank by merging it with one of its peers.
The...
Peso inches up before US economic data
THE PESO inched up versus the dollar on Wednesday on expectations of a weak US durable goods report overnight.
The local currency closed at P56.95...
Gov’t rejects all bids for reissued 3-year T-bonds
THE GOVERNMENT rejected all bids for the reissued three-year Treasury bonds (T-bonds) it offered on Tuesday due to weak demand and as investors asked...
PESONet, InstaPay transactions climb
TRANSACTIONS coursed via PESONet and InstaPay continued to rise at end-August, data from the Bangko Sentral ng Pilipinas (BSP) showed.
The total value of transactions...
Peso sinks to 10-month low vs dollar
THE PESO weakened to a 10-month low against the dollar on Tuesday as the US currency generally strengthened against Asian currencies due to elevated...
Gov’t awards T-bills with higher rates
THE GOVERNMENT made a full award of the Treasury bills (T-bills) it offered on Monday with higher rates due to hawkish signals from both...