Yields on term deposits move up to track higher US Treasury rates
YIELDS on the term deposits auctioned off by the Bangko Sentral ng Pilipinas (BSP) inched up on Wednesday, amid higher rates of US Treasury...
AUB board elects Jonathan Ng as new chairman
ASIA UNITED Bank Corp. (AUB) on Wednesday said it selected Jonathan C. Ng as the lender’s new board chairman.
Mr. Ng was elected during the...
GoTyme Bank set to launch its first loan product in September
GOTYME BANK is set to hold the soft launch of its first lending product in September ahead of its first investment product in the...
Peso climbs to three-month high versus US dollar
THE PESO rose to a three-month high on Wednesday as markets await the US June inflation report to be released overnight.
The local currency closed...
Gov’t fully awards new T-bonds
THE GOVERNMENT fully awarded the fresh 15-year Treasury bonds (T-bonds) it auctioned off on Tuesday at a coupon rate higher than secondary market levels...
PHL banks’ exposure to the real estate sector climbs at end-March
THE EXPOSURE of Philippine banks and trust entities to the property sector increased to 21.08% as of March from 20.98% as of December last...
Fed closing in on end of rate hike cycle, central bank officials say
THE US FEDERAL RESERVE will likely need to raise interest rates further to bring down inflation that is still too high, but the end...
Peso rebounds ahead of US CPI
THE PESO rebounded against the dollar on Tuesday after the greenback fell to a two-month low amid comments from US Federal Reserve officials and...
Gov’t partially awards T-bills
THE GOVERNMENT made a partial award of the Treasury bills (T-bills) it offered on Monday with mixed rates amid policy comments from the new...
BSP unlikely to cut key rate before Fed
THE BANGKO SENTRAL ng Pilipinas (BSP) is unlikely to cut rates ahead of the US Federal Reserve due to the country’s wider current account...
AMLC issues freeze orders on assets of six individuals
THE ANTI-MONEY Laundering Council (AMLC) has ordered financial institutions and government agencies to immediately carry out freeze orders on accounts and assets of six...
Peso drops further vs dollar on US jobs report
THE PESO weakened further against the dollar on Monday amid recession fears due to softer US labor data.
The local currency closed at P55.69 versus...