Yields on BSP securities inch up even as offer goes oversubscribed
YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) short-term securities inched higher on Monday, with both tenors being oversubscribed.
The BSP securities auctioned off on...
Former RCBC, DBP president Gil Buenaventura passes away
FORMER Rizal Commercial Banking Corp. (RCBC) and Development Bank of the Philippines President and Chief Executive Officer (CEO) Gil A. Buenaventura has died.
“It is...
PDIC enhances loan program for closed banks’ borrowers
THE PHILIPPINE Deposit Insurance Corp. (PDIC) has enhanced and extended its Closed Bank Loan Incentive Program (CLIP) to help borrowers of shuttered banks settle...
Peso surges to near 7-month high as dollar extends slide
THE PESO jumped to a near seven-month high on Monday as the dollar continued to reel amid tariff concerns and US President Donald J....
Treasury bills may fetch steady or lower rates
RATES of the Treasury bills (T-bills) to be offered this week may move sideways, with ample demand seen for shorter tenors even amid the...
Banks’ assets up 8% at end-February
THE PHILIPPINE banking sector’s assets rose by 8% year on year as of end-February, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed.
Philippine...
Debt yields end mixed
YIELDS on government securities (GS) traded in the secondary market ended mixed last week before the Holy Week trading break.
GS yields, which move opposite...
Peso may climb on strong US data
THE PESO could strengthen against the dollar this week following positive US data released over the trading break.
The local unit closed at P56.80 per...
Yields on term deposits fall amid hopes for further BSP easing
YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) term deposits dropped sharply on Wednesday, even as the two-week paper was undersubscribed, on expectations of...
Moody’s affirms Security Bank’s ratings, revises outlook to negative
MOODY'S RATINGS has affirmed Security Bank Corp.'s ratings but revised the outlook to "negative" from "stable" as it expects its capital position and asset...
BSP, IFC pushing for movable asset financing to boost credit access
THE BANGKO Sentral ng Pilipinas (BSP) has signed a memorandum of understanding (MoU) with the International Finance Corp. (IFC) to jointly develop the country’s...
PDIC renews bilateral cooperation deal with Korean counterpart
THE PHILIPPINE Deposit Insurance Corp. (PDIC) has renewed its bilateral cooperation agreement with the Korea Deposit Insurance Corp. (KDIC).
PDIC President and Chief Executive Officer...
