BPI looking to raise P5 billion from 1.5-year bonds next month
BANK of the Philippine Islands (BPI) is looking to raise P5 billion from 1.5-year bonds to be offered next month, with the proceeds to go to funding requirements for small businesses.
BSP’s rediscount window left untouched last month
PHILIPPINE BANKS did not tap the rediscount facility of the central bank in November amid easing bad loans, continued recovery in credit growth, and ample liquidity in financial markets.
Peso rises on oil’s decline
THE PESO strengthened further against the dollar on Wednesday on lower global oil prices and better Philippine employment and factory data.
Gov’t fully awards bond offer on strong demand, dovish BSP bets
THE GOVERNMENT fully awarded the reissued 25-year Treasury bonds (T-bonds) it offered on Tuesday at a lower average rate amid strong demand and even as inflation reached a fresh peak in November.
HSBC Philippines set to absorb retail banking arm
HSBC PHILIPPINES is set to absorb its retail banking unit HSBC Savings Bank as the lender aims to streamline its operations in the country.
BPI taps TerraPay to boost remittances
BANK of the Philippine Islands (BPI) has teamed up with financial technology company (fintech) TerraPay for remittances, the bank said on Tuesday.
Peso rebounds on rate hike expectations
THE PESO strengthened versus the dollar on Tuesday despite profit taking after the release of November inflation data that cemented expectations of another rate hike from the Bangko Sentral ng Pilipinas (BSP) this month.
T-bills partially awarded ahead of CPI
THE GOVERNMENT partially awarded the Treasury bills (T-bills) it auctioned off on Monday as investors asked for higher yields on expectations of faster November inflation, which could lead to another big rate hike from the central bank next week.
Balanga court convicts former bank owners for faking loans, documents
FORMER OWNERS of a now-closed Bataan rural bank were found guilty of creating fake loans and falsifying documents, for which they were sentenced to imprisonment.
Bank Indonesia chief says digital rupiah currency can be used in metaverse
JAKARTA — Indonesia’s central bank Governor Perry Warjiyo said on Monday its planned digital rupiah currency can be used in the future to buy products in the metaverse.
Peso weakens on strong US data
THE PESO ended weaker against the dollar on Monday following stronger US employment data and the downward revision to Philippine economic managers’ growth forecast for next year.
Rates of Treasury bills, bonds to move sideways ahead of CPI
RATES of government securities on offer this week could move sideways ahead of the release of November inflation data.