Yields on BSP’s term deposits slip with inflation seen to slow
YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) term deposits slipped on Wednesday amid expectations of slower inflation this month.
The central bank’s term deposit...
T-bills likely to fetch lower yields
TREASURY BILLS (T-bills) on offer today are expected to fetch lower yields, as strong demand for the shorter-tenored government securities remains amid a looming...
From wishbone to backbone
By Marivic Españo
Micro, small and medium-sized enterprises (MSMEs) are often called the “backbone of the economy.” After all, they comprised 99.57% of all Philippine establishments as of 2016 and accounted for 25% of the country’s total exports revenue, according to the Department of Trade and Industry.
BSP requires money service businesses to tighten internal controls
THE CENTRAL BANK has required money changers and remittance agents to set up internal control systems and follow stricter rules on record-keeping, as the...
Peso strengthens as Diokno signals steady policy stance
THE PESO strengthened against the greenback on Monday as the central bank chief signaled rates are likely to be maintained in the upcoming policy-setting meeting.
Peso falls on tariff news
THE PESO dropped against the dollar on Monday after US President Donald J. Trump threatened to impose higher import tariffs on additional countries and...
Gov’t debt rates seen mixed
GOVERNMENT SECURITIES (GS) on offer this week will likely end mixed propelled by higher US Treasury yields and amid anticipation of policy action from the local central bank.
Banks tap rediscount window in September
LENDERS tapped the central bank’s rediscount facility again in September after leaving it untouched in August amid improved demand for credit.
Treasury bills to fetch flat rates
YIELDS on Treasury bills (T-bills) on offer today are likely to move sideways as market players are expected to park their funds in the...
BSP sees P28B in fresh liquidity from deposit substitute tweak
BANGKO SENTRAL ng Pilipinas (BSP) Governor Benjamin E. Diokno is positive that the change in the definition of deposit substitutes to exclude interbank borrowings so they are not subject to reserve requirements will help boost liquidity in the financial system.
Moody’s keeps stable outlook for Philippine banking system
MOODY’S Investors Service kept its stable outlook for the Philippine banking system as their operating environment is expected to benefit from the reopening of the economy, but soured loans that remain above pre-pandemic levels will continue to pose risks.
Reissued T-bonds fetch higher rates
THE GOVERNMENT partially awarded the reissued Treasury bonds (T-bonds) it offered on Wednesday as markets again reacted to a hawkish US Federal Reserve and an expected tightening by the Bangko Sentral ng Pilipinas (BSP) at the next Monetary Board meeting.