Peso weakens on hawkish comments from Fed official
THE PESO weakened against the dollar on Tuesday after a US Federal Reserve official said the central bank may hike rates by 50 basis points (bps) several times to curb rising inflation.
BTr rejects all bids for one-year T-bills as rates rise on hike bets
THE GOVERNMENT partially awarded the Treasury bills (T-bills) it offered on Monday at lower rates as investors flocked to shorter tenors on expectations of more hikes from the Bangko Sentral ng Pilipinas (BSP) and the US Federal Reserve.
Basic deposit accounts climb to 7.9 million as of end-December 2021
MORE FILIPINOS became part of the financial system through basic deposit accounts (BDAs) as of December last year, according to the Bangko Sentral ng Pilipinas (BSP).
Worst COVID outbreak leaves Taiwan insurers bracing for more than $1 billion in claims
TAIWAN’S worst coronavirus disease 2019 (COVID-19) outbreak has left the island’s insurers bracing for more than $1 billion in claims that the financial regulator is urging them to honor.
Thailand poised for record sale of bonds to retail investors next month
THAILAND will sell 55 billion baht ($1.6 billion) of sovereign bonds to retail investors next month, on course to raise a record amount from savings notes to lower its reliance on the volatile institutional market for funding.
Inflation fight, monsoon may take pressure off RBI, former official says
INDIA’S coordinated fiscal and monetary efforts to tame inflation, plus a good agricultural production outlook, may take pressure off the central bank to aggressively raise interest rates later in the year, according to a former Reserve Bank of India (RBI) official.
Peso inches up vs dollar on BSP signals
THE PESO inched higher against the dollar on Monday after the Bangko Sentral ng Pilipinas (BSP) chief hinted at another rate increase next month.
Peso seen stronger as safe-haven demand eases
THE PESO may start to appreciate versus the dollar this week on easing safe-haven demand due to rate hikes from global central banks.
Treasury bill, bond rates expected to move sideways ahead of inflation data
RATES of government securities are seen to move sideways this week ahead of release of the inflation data and amid expectations for further rate hikes in June.
LANDBANK cuts Link.BizPortal payment fees to P7 from P15
LAND BANK of the Philippines (LANDBANK) reduced Link.BizPortal transaction fees to provide more accessible services and meet the growing digital needs of its customers.
Yields on gov’t debt end mixed after BSP signal, June borrowing plan
YIELDS on government securities (GS) were mixed last week following the latest signal from the Bangko Sentral ng Pilipinas (BSP) to increase borrowing cost anew next month and the higher June borrowing plan.
EGov Pay transactions surge by 467% as consumers shift online
EGOV PAY transactions jumped by 467% to over 91,000 at the end of 2021 from just around 16,000 a year earlier, the Bangko Sentral ng Pilipinas (BSP) said on Thursday.