Treasury turns down all bids for 35-day T-bills as rates increase
THE GOVERNMENT rejected all bids for the one-month Treasury bills (T-bills) it auctioned off on Tuesday as investors continue to ask for higher yields amid uncertainties caused by the coronavirus disease 2019 (COVID-19) pandemic.
Rediscount window untapped in Feb.
BANKS left the central bank’s rediscount facility untouched in February as loan demand remains relatively slow amid the crisis.
Gov’t fully awards bond offer as yields drop on rate cut bets
THE GOVERNMENT made a full award of the reissued Treasury bonds (T-bonds) it offered on Tuesday at a lower average rate amid strong demand...
Peso closes flat ahead of second-quarter GDP data
THE PESO was unchanged versus the greenback on Tuesday as the market stayed on the sidelines ahead of the release of the second-quarter gross domestic product (GDP) data.
Peso climbs further as sentiment improves
THE PESO strengthened against the greenback on Wednesday backed by risk-on sentiment following the extension of key measures for the government's pandemic response as well as a likely Democrat win in the Georgia senatorial runoff elections.
UnionBank’s net profit climbs 26% in the first nine months
UNIONBANK of the Philippines, Inc. recorded a higher net profit in the first nine months of the year as earnings from its core businesses improved and as its loan loss provisions declined.
FSCC releases systemic risk crisis management framework
THE BANGKO SENTRAL ng Pilipinas (BSP)-led Financial Stability Coordination Council (FSCC) introduced a framework to identify and manage risks in the financial system through a structured monitoring and evaluation process.
Peso strengthens as inflation eases in December
THE PESO rebounded versus the greenback on Wednesday as inflation was slower than expected in December.
Trump attacks on Fed threaten central banks’ independence
US PRESIDENT Donald J. Trump’s continued attacks on US Federal Reserve Chair Jerome H. Powell pose a threat to global central banks’ independence, the...
Peso rebounds as Federal Reserve plans to buy corporate bonds
THE peso appreciated versus the greenback on Tuesday on risk-off sentiment after the US Federal Reserve bared plans to buy corporate bonds.
BPI Direct BanKo to have 200 branches by yearend
BPI DIRECT BanKo Inc., the microfinance unit of listed Bank of the Philippine Islands (BPI), is set to hit its target of 200 branches by yearend as it leverages on the branch-lite initiative of the central bank.
Peso weakens ahead of RRR cut
THE PESO declined against the dollar to hit a fresh one-month low as market players awaited the central bank’s decision to trim lenders’ reserve requirement ratio (RRR).