ECB tightening worrying for Italy — minister
ROME — The prospect of subsequent hikes in interest rates by the European Central Bank (ECB) is worrying for highly indebted countries like Italy,...
Yields on gov’t debt slip on Fed, BSP
YIELDS on government securities (GS) slipped last week after both the US Federal Reserve and the Bangko Sentral ng Pilipinas raised benchmark interest rates by 50 basis points (bps).
Peso likely to move sideways on rate hike bets
THE PESO is expected to move sideways against the dollar this week as both the US Federal Reserve and the Bangko Sentral ng Pilipinas...
MSMEs see growth after getting financing from digital platforms
MICRO, small, and medium-sized enterprises (MSMEs) posted improved net profit, revenue, employment and performance after tapping financial technology and online lending firms for financing,...
Fed’s Powell says inflation battle not won, more rate hikes coming
WASHINGTON — The US Federal Reserve will deliver more interest rate hikes next year even as the economy slips towards a possible recession, Fed...
Preserving a 100-year legacy of banking
By J. Albert Gamboa
THE country’s first privately owned commercial bank, China Banking Corp. (China Bank), marked its 100th anniversary in August 2020. While preparing to celebrate its...
Peso extends climb vs dollar as Bangko Sentral hikes benchmark interest rates
THE PESO strengthened against the dollar on Thursday after the Bangko Sentral ng Pilipinas (BSP) raised borrowing costs anew at its policy meeting in...
S&P sees slower credit loss for Philippine banks
S&P GLOBAL RATINGS has forecast credit loss for banks in the Philippines to decline in 2023 due to a positive outlook on the country’s...
TDF yields inch higher ahead of BSP meeting
YIELDS on the term deposits auctioned off by the Bangko Sentral ng Pilipinas (BSP) climbed on Wednesday, ahead of its policy meeting today (Dec....
State bank to supply DoF staff with gov’t purchase cards
STATE-LED Land Bank of the Philippines has signed a memorandum of agreement with the Finance department to supply the agency’s employees with government purchase...
Peso strengthens after US CPI release
THE PESO strengthened against the dollar on Wednesday after the recent release of positive US consumer inflation data.
The local currency ended at P55.745 against...
SLIMTC expects PSEi to reach 7,800 level in 2023
SUN LIFE Investment Management and Trust Corp. (SLIMTC) expects the Philippine Stock Exchange index (PSEi) to reach the 7,800 level next year on the back of expectations of continued recovery in companies’ earnings.