Peso weakens amid uncertainty over Brexit, US gov’t shutdown
THE peso declined further against the dollar on Friday due to continued concerns over the UK’s exit from the European Union as well as the partial US government shutdown.
IC outlines regulatory relief for insurers
THE Insurance Commission (IC) eased rules on insurance firms’ quarterly compliance with the minimum net worth requirement and also announced other relief measures to help companies stay afloat amid the coronavirus crisis.
Peso strengthens vs dollar
THE PESO strengthened versus the dollar on Tuesday following the speech of the Federal Reserve chairman as well as the trade pact between US and Mexico.
CredoLab looking to diversify clientele
SINGAPORE-BASED financial technology (fintech) player CredoLab is targeting to “diversify” its clientele in the Philippines and offer its data analytics solutions to non-bank firms by next year, a senior official said.
Peso strengthens on profit-taking, remittances
THE peso recovered against the dollar on profit-taking, closing at its high with the US unit’s value taking a hit from surging remittances.
The peso...
Indonesian banks likely to see ‘more than 12%’ loan growth
LONDON -- Indonesian banks will see “more than 12%” loan growth in 2018 thanks to a recovering global economy and a pickup in commodity...
Peso weakens on rising Russia-Ukraine tensions
THE PESO depreciated versus the greenback on Monday amid growing tensions between Russia and Ukraine, which escalated further amid some pro-Russian separatist movements.
Peso climbs on BoP surplus, vaccine news
THE PESO strengthened against the dollar on Tuesday as the country logged a balance of payments (BoP) surplus last month and on news that patients in the clinical trials of drug company AstraZeneca Plc showed a positive response to its coronavirus vaccines.
Peso could weaken on safe-haven demand for dollar
THE PESO is expected to weaken this week as the dollar’s strength may persist on safe-haven demand as investors await the details of the...
Peso drops as investors await minutes of Fed’s June meeting for policy hints
THE PESO fell against the dollar on Wednesday on expectations of hawkish signals from the minutes of the US Federal Reserve’s meeting last month.
The...
Thrift bank sector expands despite growing challenges
THE THRIFT banking industry saw its assets and loans grow despite challenges brought by increasing digitalization in the financial sector.
“The past year has been...
Offer of T-bills seen twice oversubscribed
DEMAND for Treasury bills (T-bills) at today’s auction may exceed the amount on offer on the back of lower yields, with market players looking...