Peso strengthens versus dollar as Nov. budget deficit narrows
THE PESO strengthened slightly on Thursday due to the narrowing of the government’s budget deficit for November.
The local currency closed at P55.09 against the...
TDF yields rise on BSP rate hike
YIELDS on term deposit climbed on Wednesday as both tenors on offer were oversubscribed, after the Bangko Sentral ng Pilipinas’ (BSP) policy meeting last...
Court convicts former bank officer for creating fake loans
A FORMER rural bank officer was sentenced to a year of imprisonment for creating fake loan accounts in a financial statement submitted to the...
Peso maintains strength on possible future interest rate increases
THE PESO further appreciated on Wednesday after the central bank’s hawkish view on future rate hikes, driving the local currency’s strength not seen since...
China bonds being left behind in clamor for emerging market debt
WITH BOND INVESTORS seen returning to emerging markets en masse next year, the biggest of them all might get the shortest shrift.
Expectations of a...
Global markets jolted as Bank of Japan surprises with change in yield policy
THE BANK of Japan’s (BoJ) surprise policy shift is sending shock waves through global markets that may just be getting started, as the developed...
English money featuring King Charles III unveiled
THE BANK of England has unveiled its first banknotes featuring King Charles III, following the death of Queen Elizabeth II.
The notes are expected to...
Peso gains on economic optimism
THE PESO strengthened further on Tuesday as the National Economic and Development Authority (NEDA) expressed optimism about reaching its target economic growth for the...
Manulife IM expects peso to continue weakening in 2023
MANULIFE Investment Management expects the Philippine peso to continue weakening, albeit at a slower pace for the coming year, assuming that the US dollar...
BSP backs warehouse receipts financing
THE PHILIPPINE central bank has pushed for amendments to the Warehouse Receipts Law of 1912, in which warehouse receipts financing would help provide loans...
UNO Digital Bank partners with fintech Trusting Social
UNO DIGITAL BANK has partnered with technology firm Trusting Social to offer more Filipino consumers greater access to loans with the help of data...
Peso strengthens further on continued inflows
THE PESO strengthened further on Monday because of the weakening of the US dollar and a continued increase in foreign exchange inflows.
The local currency...