Peso sinks ahead of BSP decision
THE PESO retreated further versus the greenback on Wednesday due to foreign selling at the stock market and cautiousness ahead of the central bank’s policy review.
The scourge of celebrities in politics
By Benel D. Lagua
With elections looming in 2025, this writer is amazed at the audacity of celebrities and movie/TV personalities who have signified their intent to run...
BSP proposes guidelines for sustainable investing
THE BANGKO SENTRAL ng Pilipinas (BSP) is proposing guidelines for banks’ integration of sustainability principles in their investment activities.
Firms eye customized banking services
LOCAL COMPANIES are looking to avail of customized banking services to improve the efficiency of their transactions, according to UnionBank of the Philippines, Inc.
Gov’t makes full award of bonds as yield ends flat on BSP easing
THE GOVERNMENT made a full award of the reissued three-year Treasury bonds (T-bond) it auctioned off yesterday following monetary easing moves by the Bangko Sentral ng Pilipinas (BSP) last week and amid easing inflation.
Debt yields decline on BSP easing bets
YIELDS ON government securities (GS) fell across-the-board last week following comments by Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno on the possibility of cutting key policy rates by more than 25 basis points (bps) to shield the economy from the negative economic impact of the coronavirus disease 2019 (COVID-19) outbreak.
Philippine banks told to target elderly, poor to boost inclusion
FINANCIAL INSTITUTIONS in the Philippines should target the elderly and marginalized groups in expanding their customer base to boost inclusion, a report from the...
Regulator tells UBS to strengthen crisis plans
ZURICH — UBS must improve its emergency plans following its takeover of Credit Suisse to ensure the bank can be wound down or sold...
IC chief Regalado named Asian Re chairperson
INSURANCE COMMISSIONER Reynaldo A. Regalado has been named chairperson of the Asian Reinsurance Corp.’s (Asian Re) management board for a two-year term.
Mr. Regalado was...
Yields on government debt mostly drop on dovish BSP, Q3 borrowing program
YIELDS on government securities (GS) moved mostly lower last week amid dovish signals from the Bangko Sentral ng Pilipinas (BSP) and following the release...
Metrobank sees strong loan demand boosting income
METROPOLITAN Bank & Trust Co. (Metrobank) expects loan demand this year to be boosted by stronger economic growth and rate cuts from the Bangko...
Term deposit yields climb on expectations of BSP rate hike
YIELDS on the term deposit facility (TDF) of the Bangko Sentral ng Pilipinas (BSP) continued to rise on Wednesday ahead of the Monetary Board’s...