Bad loans to ease until 2024 — Moody’s

NONPERFORMING loans (NPL) in the Philippine banking industry may continue to ease in the coming months, an analyst from Moody’s Investors Service said on Thursday.

August ‘hot money’ outflows lowest in 3 months

SHORT-TERM foreign investment outflows slowed in August, as the Bangko Sentral ng Pilipinas (BSP) and central banks globally further increased borrowing costs.

When intuitive decision-making matters

By Benel D. Lagua
A CLASSIC Harvard Business Review article by Eric Bonabeau entitled “Don’t Trust Your Gut” discusses how intuition plays an important role in decision-making but warns that it can be dangerously unreliable.

Peso closes stronger as dollar demand eases

THE PESO appreciated on Thursday as demand for dollars declined due to the Bank of England’s (BoE) emergency action to launch a bond program to avoid a meltdown in the gilts market.

Cyber risks may affect banks’ credit ratings — S&P

LENDERS across the region should be vigilant against rising digital risks as potential profit losses, poor risk management, and reputational damage could affect banks’ credit ratings, S&P Global Ratings said.

TDF yields rise as BSP, Fed further hike rates

YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) term deposits climbed further on Wednesday following continuous rate hikes locally and in the United States.

Gov’t rejects all bids in T-bond auction

THE GOVERNMENT rejected all bids for reissued 20-year Treasury bonds (T-bonds) it offered on Wednesday as the market demanded higher rates in anticipation of more rate hikes to combat inflationary pressures.

BillEase, PayMongo to help retailers through buy-now-pay-later service

CONSUMER finance platform BillEase has partnered with online payments company PayMongo to offer a transparent card-free buy-now-pay-later (BNPL) service that would help businesses expand.

Treasury partially awards T-bills amid hawkish central banks

THE GOVERNMENT partially awarded the Treasury bills (T-bills) it auctioned off on Tuesday as traders demanded higher returns on the back of tightening monetary policy from central banks.

Bankers see BSP delaying RRR cut

THE BANGKO SENTRAL ng Pilipinas (BSP) might postpone the reduction in big banks’ reserve requirement ratio (RRR) this year as interest rates rise to contain inflation, officials from banks said.

Peso closes at P58.99 on signals from US Fed

THE PESO further weakened versus the dollar on Tuesday following fears of a global recession as US Federal Reserve officials remained hawkish after delivering a large rate increase last week.

Crisis-level risks loom in Asia as major currencies yuan, yen crack

ASIAN MARKETS risk a reprise of crisis-level stress as two of the region’s most important currencies crumble under the onslaught of relentless dollar strength.
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