Treasury bureau rejects all bids for 7-year bonds
THE GOVERNMENT rejected all bids for reissued seven-year Treasury bonds (T-bonds) it offered on Tuesday as the market asked for higher rates due to expectations of further monetary tightening amid inflation pressures.
RCBC planning to borrow P200B under new bond and commercial paper program
RIZAL COMMERCIAL Banking Corp. (RCBC) has approved a P200-billion bond and commercial paper program to raise funds for its operations.
UnionBank looking to launch digital lender by next month
UNIONBANK of the Philippines, Inc. targets to launch its digital bank in July, an official said on Tuesday.
Peso rises on stock market gains
THE PESO strengthened versus the dollar on Tuesday on continued gains at the local stock market.
Gov’t partially awards T-bills as rates rise further
THE GOVERNMENT partially awarded its offer of Treasury bills (T-bills) on Monday at higher rates as investors remained cautious on expectations of further tightening by the US Federal Reserve and the Bangko Sentral ng Pilipinas (BSP).
PHL bond market expands faster in Q1
THE PHILIPPINE bond market grew faster in the first quarter on higher government borrowings due to a retail bond offering and central bank issuances, the Asian Development Bank (ADB) said.
Marcial named as new head of BPI’s wealth unit
THE WEALTH MANAGEMENT arm of listed Bank of the Philippine Islands (BPI) has appointed a new president and chief executive officer (CEO), it said in a statement on Monday.
Peso up on profit taking after drop
THE PESO strengthened versus the dollar on Monday, even after hitting the P55 level intraday, on profit taking after last week’s decline and gains at the local stock market.
Treasury bills, bonds to fetch higher rates
RATES of government securities on offer this week are expected to move sideways with a slight upward bias as the market expects the Bangko Sentral ng Pilipinas (BSP) to continue hiking borrowing costs.
AUB sees better asset quality as economy rebounds
ASIA United Bank Corp. (AUB) expects banks’ asset quality to improve this year amid a better economic environment, but fiscal and monetary risks will continue to cloud the outlook.
Yields on government debt mixed after BSP decision
YIELDS on government securities (GS) ended mixed after moving sideways last week after the Bangko Sentral ng Pilipinas (BSP) raised borrowing costs by another quarter percentage point, as expected, to contain soaring inflation.
Peso may depreciate further on US recession fears due to hawkish Fed
THE PESO may continue to depreciate against the dollar this week on fears of a recession in the United States after the US Federal Reserve chief said they are committed to bringing inflation within target.