PHL banks’ real estate exposure ‘modest’
PHILIPPINE BANKS’ “modest” property exposures and robust demand for real estate loans help mitigate risks from the sector amid a challenging operating environment, Fitch Ratings, Inc. said in a report.
Central bank rolls out enhanced credit and equity exposure reporting system
FINANCIAL INSTITUTIONS are required to submit monthly reports on their credit and equity exposures starting July as the Bangko Sentral ng Pilipinas (BSP) seeks...
Peso expected to rise on eased quarantine rules
THE PESO may strengthen this week following the passage of the 2021 national budget and the easing of quarantine measures in the country.
RCBC books more home loans as of May, sees soured debt dropping by year’s...
RIZAL COMMERCIAL Banking Corp. (RCBC) saw its housing loans grow by 4% in the first five months of the year and expects to reduce its stock of bad debt in the sector by yearend amid improving economic conditions.
Yields up as CPI tempers Fed cut bets
YIELDS on government securities (GS) climbed across all tenors last week following faster US consumer inflation that caused markets to scale back their expectations...
Gov’t rejects all bids for T-bills
THE GOVERNMENT rejected all bids for the Treasury bills (T-bills) it offered on Monday following the surge in rates as investors prefer to keep their cash amid the coronavirus disease 2019 (COVID-19) pandemic.
S&P flags delayed economic recovery as risk to PHL banks
S&P Global Ratings said weak economic activity and a prolonged lockdown are adding to the risks for Philippine banks
In a statement late Thursday, S&P...
IRR of law placing casinos under AMLA coverage out next month
By Krista A.M. Montealegre,
National Correspondent
THE PHILIPPINES is set to release next month the implementing rules and regulations (IRR) of a law that placed casinos...
Yields on government debt drop after data
YIELDS on government securities (GS) went down last week following the release of the latest Philippine inflation and gross domestic product (GDP) data and strong demand for the retail Treasury bond (RTB) offering.
Peso rises ahead of Fed minutes
THE PESO strengthened further against the dollar on Tuesday on heavy greenback selling ahead of the release of the minutes of the US Federal Reserve’s last policy meeting.
BSP drafts rules for national payment system’s clearing switch operations
THE BANGKO SENTRAL ng Pilipinas (BSP) is looking to create a framework for clearing switch operations within the national payment system to ensure quick...
BSP eases credit weight of banks’ MSME loans
THE CENTRAL BANK will ease the weight of loans extended by banks to small businesses until end-2021 to free up capital which can be used for lending amid the pandemic.