Peso weakens on strong US data

THE PESO ended weaker against the dollar on Monday following stronger US employment data and the downward revision to Philippine economic managers’ growth forecast for next year.

Rates of Treasury bills, bonds to move sideways ahead of CPI

RATES of government securities on offer this week could move sideways ahead of the release of November inflation data.

Global central banks extend rate hike push in Nov.

LONDON — The pace and scale of rate hikes delivered by central banks in November picked up speed again as policy makers around the globe battle decade high inflation.

Yields on gov’t debt drop on dovish Fed comments

YIELDS on government securities (GS) dropped week on week after the US Federal Reserve hinted at slower rate hikes to help avoid a hard landing for the world’s largest economy.

Peso may continue to climb vs dollar ahead of inflation data

THE PESO may continue to strengthen against the dollar this week ahead of the release of November inflation data that could give the Bangko Sentral ng Pilipinas (BSP) impetus to hike interest rates further.

BSP conducts currency exchange initiative in Davao

THE BANGKO SENTRAL ng Pilipinas (BSP) Mindanao Regional Office has conducted a currency exchange initiative to allow the public to swap banknotes and coins unfit for circulation for e-money. 

Fed’s Powell: Rate hikes to slow, but adjustment just beginning

US FEDERAL RESERVE Chair Jerome H. Powell on Wednesday said it was time to slow the pace of coming interest rate hikes while also signaling a protracted economic adjustment to a world where borrowing costs will remain high, inflation comes down slowly and the United States remains chronically short of workers.

Redeveloping the Lion City’s tourism hub

By J. Albert Gamboa
SENTOSA ISLAND — Located off the southern coast of Singapore, this popular tourist destination opened in 1975 and is currently undergoing redevelopment along with nearby Pulau Brani Island in a mega-project whose long-term transformation blueprint was unveiled by national planners in 2019.

Peso strengthens further vs the dollar on dovish Fed comments

THE PESO continued to strengthen against the dollar on Thursday following remarks from the US Federal Reserve chief that cemented market expectations of slower rate hikes moving forward. 

AUB, Alipay+ plan e-wallet for cross-border payments

ASIA United Bank Corp. (AUB) has partnered with Alipay+ to enable the bank’s e-wallet, HelloMoney, for cross-border transactions and to provide an efficient payment experience for users whenever they go out of the country.

BSP to release banknotes with signatures of Marcos, Medalla

THE BANGKO SENTRAL ng Pilipinas (BSP) is looking to release banknotes bearing the signatures of President Ferdinand R. Marcos, Jr. and central bank chief Felipe M. Medalla.

Citi banker says Wall Street’s cuts are culls, not mass pullback

RECENT JOB CUTS across Wall Street are the typical culling of underperformers rather than a sign the industry is undergoing a mass retrenchment, said a top Citigroup, Inc. banker.
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