T-bill rates may rise after cautious Fed remarks
TREASURY BILL (T-bill) rates may rise this week despite strong demand after the US Federal Reserve gave cautious signals on its easing cycle.
Peso weakens to near two-month low as Iran, Israel exchange attacks
THE PESO sank to a near two-month low against the dollar on Monday as the conflict between Israel and Iran continued to escalate.
The local...
DBP sells $300 million in global bonds to refinance debt maturing this month
STATE-RUN DEVELOPMENT Bank of the Philippines (DBP) sold $300 million in 10-year global bonds to refinance its current obligations set to mature this month, the Department of Finance (DoF) said on Wednesday.
Loan demand to grow this quarter — BSP survey
BANKS expect both business and consumer loans to expand in the April to June period backed by the economy’s gradual recovery as mobility restrictions are relaxed.
High oil prices hit rupiah, rupee; other Asian units eke out gains
THE CURRENCIES of Indonesia and India fell on Tuesday, as the two countries face higher oil import bills due to global energy market developments, while most other regional ones eked out tiny gains.
China’s cash operation, stronger data dampen broad policy easing bets
A REDUCTION in China’s reserve requirement ratio looks increasingly unlikely after the authorities rolled over all policy loans coming due and data surprised on the upside, suggesting that bonds will have little room to gain.
CA upholds MB decision to charge former RCBC Bacolod branch manager
THE COURT of Appeals (CA) Manila 11th Division upheld an administrative indictment against a former Rizal Commercial Banking Corp. (RCBC) Bacolod branch manager for unsound banking practices, the Philippine Deposit Insurance Corp. (PDIC) said.
Treasury bills seen to fetch higher yields
YIELDS on Treasury bills (T-bills) on auction today are seen to move sideways following the release of minutes of the January meeting of the...
CIMB targets 500,000 virtual card users
CIMB BANK Philippines, Inc. (CIMB Bank PH) is aiming to have half-a-million sign-ups for its virtual debit card products by yearend.
If realized, this would...
Peso to weaken ahead of BSP meeting
THE PESO is seen to weaken against the dollar this week amid expectations of a cut in banks’ reserve requirements and mixed US data.
Peso weakens further as BoP deficit widens
THE PESO sank further versus the greenback on Tuesday as the country’s balance of payments (BoP) position was at a wider deficit in May.
Peso seen sideways on US data
THE PESO may move sideways against the dollar in the first two days of the week following better-than-expected economic growth data in the United States and the upgrade of a Japanese debt watcher of the country’s rating outlook.