Yields on BSP’s term deposits rise on rate hike expectations
YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) term deposits rose on Wednesday as investors expect central banks in the Philippines and the United...
Life insurers optimistic on prospects for the year despite elevated inflation
LIFE INSURERS are optimistic but remain guarded about the industry’s growth prospects this year as the economy’s ongoing recovery could be stunted by elevated...
Bank of Commerce net income up 49% in 2022
BANK of Commerce (BankCom) booked a net income of P1.8 billion in 2022, up by 49% from P1.207 billion in the year prior, it...
Peso strengthens versus the dollar as US CPI data support dovish Fed bets
THE PESO strengthened against the dollar on Wednesday as US consumer inflation eased in February, supporting expectations of a smaller hike from the US...
Treasury fully awards reissued bonds as global yields decline
THE GOVERNMENT made a full award of the reissued 25-year Treasury bonds (T-bonds) it auctioned off on Tuesday on the back of strong demand...
ECB’s hawkish plans set to face bolder opposition on SVB fallout
THE EUROPEAN Central Bank’s (ECB) plans for more big interest rate hikes are set to meet stronger opposition this week after the collapse of...
Peso weakens vs dollar as trade deficit widens to five-month high in Jan.
THE PESO weakened against the dollar on Tuesday after the country’s trade deficit reached a five-month high in January.
The local currency closed at P55.08...
Philippine banks not exposed to Silicon Valley Bank – BSP governor
MANILA - Philippine banks have no reported exposure to the collapsed Silicon Valley Bank, the Southeast Asian nation's central bank governor said on Monday.
Banks'...
Gov’t partially awards T-bill offer as investors ask for higher yields
THE GOVERNMENT partially awarded the Treasury bills (T-bills) it auctioned off on Monday due to tepid demand as investors wanted higher yields.
The Bureau of...
BSP approves consolidation of three cooperative banks
THE BANGKO Sentral ng Pilipinas (BSP) has approved the consolidation of three cooperative banks and allowed a rural bank to start its operations.
The central...
Peso climbs vs dollar on dovish Fed bets after collapse of two US banks
THE PESO strengthened on Monday as concerns over the US banking sector weighed on the greenback.
The local currency closed at P54.93 versus the dollar...
Treasury bill, bond rates seen to move sideways
RATES of Treasury bills (T-bills) and Treasury bonds (T-bonds) may move sideways due to US economic data that could affect the US Federal Reserve’s...