Peso returns to P48:$1 level on Duterte’s remarks
THE PESO surged to return to the P48-per-dollar level on Tuesday following signals from President Rodrigo R. Duterte that the stricter lockdown in Metro Manila will be lifted by next week.
Peso declines vs dollar as COVID-19 cases continue to climb
THE PESO weakened against the dollar on Friday as coronavirus disease 2019 (COVID-19) cases continued to surge.
The local unit closed at P51.35 per dollar...
Clarida picked as Fed vice-chair; Powell’s inner circle takes shape
US PRESIDENT Donald Trump announced his intention to nominate Richard Clarida, a respected monetary economist and Pacific Investment Management Co. global strategic adviser, as...
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.
Peso may strengthen further vs dollar as jobs data boost Fed easing expectations
THE PESO could strengthen further against the dollar this week after US unemployment increased less than expected in August, bolstering expectations of a rate...
Peso down on weak US factory production
THE PESO declined against the greenback on Thursday on weak US industrial production and cautious trading ahead of the release of US jobless claims data.
Security Bank joins IFC-led global alliance for green commercial banks
SECURITY BANK CORP. is the first Philippine lender to join a global green bank alliance founded and managed by the World Bank’s private sector...
PNB sees 13-14% growth
PHILIPPINE National Bank (PNB) intends to grow its net income by 13-14% this year on the back of the continued expansion of its core...
Trump’s US Treasury pick Bessent says dollar must remain world’s reserve currency
WASHINGTON - Scott Bessent, U.S. President-elect Donald Trump's choice to head the Treasury Department, on Wednesday vowed to ensure that the dollar remains the...
Gov’t fully awards reissued 10-year bonds
THE GOVERNMENT made a full award of the reissued 10-year Treasury bonds (T-bonds) it auctioned off on Tuesday as its average rate was below...
UnionBank looking to issue P20-billion unsecured debt
UNIONBANK of the Philippines, Inc. wants to issue up to P20 billion unsecured subordinated debt as well as to redeem voluntarily P7.2 billion worth of unsecured subordinated debt due 2025.
TDF bids remain weak despite cut in offerings
TERM DEPOSITS offered by the central bank yesterday continued to see tepid demand, settling below the reduced auction volume ahead of an expected rate...