Peso weakens further due to US, China data
THE PESO weakened further against the dollar on Wednesday following slower-than-expected US retail sales data and amid persistent worries over the weak China gross...
Gov’t fully awards bonds amid strong demand
THE GOVERNMENT fully awarded the reissued seven-year Treasury bonds (T-bonds) it offered on Tuesday amid strong demand for the offer.
The Bureau of the Treasury...
Basic deposit accounts increase to 8.1M
BASIC deposit accounts (BDAs) opened in the first quarter of 2022 increased year on year, boosting efforts towards reaching the Bangko Sentral ng Pilipinas’...
Peso slips as weak China growth weighs on sentiment
THE PESO inched down against the dollar on Tuesday due to recession fears following weak China gross domestic product (GDP) growth data.
The local currency...
Gov’t fully awards T-bills at lower rates
THE GOVERNMENT made a full award of the Treasury bills (T-bills) it offered on Monday as rates went down across all tenors on expectations...
RCBC looks to make all loan products available via digital platforms
RIZAL COMMERCIAL Banking Corp. (RCBC) is looking to make all its loan products available through multiple digital channels, starting with the launch of its...
Peso strengthens vs dollar
THE PESO climbed to a new three-month high versus the dollar on Monday following hawkish comments from the Bangko Sentral ng Pilipinas (BSP) chief.
The...
T-bill, bond rates to drop
RATES of Treasury bills and bonds on offer this week could track the decline seen at the secondary market amid softer US inflation, which...
Financial system’s resources rise as of May
THE TOTAL resources of the country’s financial system continued to rise at end-May, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed.
Resources of...
Yields on gov’t debt end lower on US inflation data
YIELDS on government securities (GS) fell last week as US consumer inflation posted its slowest increase in more than two years, reducing the possibility...
Peso may strengthen on dovish central bank bets
THE PESO may continue to rise against the dollar this week on expectations that the US Federal Reserve may cut rates early next year...
Security Bank raises P18.5B from issuance of fixed-rate bonds
SECURITY BANK Corp. on Thursday said it raised P18.5 billion from the issuance of fixed-rate peso corporate bonds due 2025.
The size of the issuance,...