Term deposit yields climb on tightening bets
YIELDS on the central bank’s term deposits rose on Wednesday as still-elevated inflation could prompt the Bangko Sentral ng Pilipinas (BSP) to further tighten...
S&P expects slower loan growth due to rate hikes
S&P GLOBAL RATINGS expects Philippine banks to post slower loan growth this year due to higher interest rates as the central bank continues to...
Natural disasters, climate issues to affect PHL banks
CLIMATE RISKS are expected to have long-lasting negative effects on the banking sector, especially in disaster-prone countries like the Philippines, the World Bank said.
“There...
Peso drops on hawkish remarks from US Federal Reserve chair
THE PESO weakened against the dollar on Wednesday due to hawkish remarks from US Federal Reserve Chair Jerome H. Powell.
The local currency closed at...
Gov’t makes full award of 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 lower...
LANDBANK digital transactions grow in terms of value, volume
DIGITAL TRANSACTIONS coursed through Land Bank of the Philippines (LANDBANK) grew by 126% year on year in terms of value and by 14% in...
BSP’s rediscount window left untapped last month
LENDERS left the central bank’s rediscount facility untouched in February amid ample liquidity in the country’s financial system.
There were no loan availments made from...
Peso down as inflation data dampen hawkish BSP hopes
THE PESO weakened against the dollar on Tuesday, with investors expecting the central bank to deliver a smaller hike this month after headline inflation...
Gov’t partially awards Treasury bill offer
THE GOVERNMENT partially awarded the Treasury bills (T-bills) it auctioned off on Monday as rates rose on expectations of faster inflation in February, which...
E-receipts, online gov’t transactions to boost digital payments in PHL
THE ADOPTION of electric invoices and receipts and digitizing more government transactions can help the Bangko Sentral ng Pilipinas (BSP) achieve its target to...
Bill proposes tighter rules for physical transfers of foreign currency
A BILL requiring a written declaration for the cross-border transfer of foreign currencies and monetary instruments higher than $10,000 in value is now being...
Peso drops ahead of inflation data
THE PESO declined against the dollar on Monday due to expectations of faster February inflation.
The local currency closed at P54.88 versus the greenback on...