DBP raises P12B from bond offer
DEVELOPMENT BANK of the Philippines (DBP) raised P12 billion from its latest bond issuance to fund development projects and initiatives in its priority sectors.
Peso down as Fed minutes affirm hawkish stance
THE PESO dropped against the dollar for the fourth straight session on Thursday after minutes of the US Federal Reserve’s latest meeting showed they plan to continue raising borrowing costs to fight inflation.
Marcos names new finance chief and central bank governor
MANILA - Philippine President-elect Ferdinand Marcos Jr. on Thursday announced the current central bank governor Benjamin Diokno would be his finance minister when he...
Yields on BSP’s term deposits rise after rate hike
YIELDS on the term deposits of the central bank climbed on Wednesday after the regulator raised benchmark interest rates last week and on lingering inflation concerns here and abroad.
CitySavings to improve digital capabilities
CITY SAVINGS Bank, Inc. (CitySavings) is improving its digital capabilities to offer more accessible financing options and services to its customers.
Payment firm Stripe launches new Bitcoin conversion service
PAYMENT company Stripe, Inc. plans to give customers access to Bitcoin four years after suspending support for the cryptocurrency.
European Central Bank’s battle lines shift with Lagarde urged to speed up tightening
THE European Central Bank (ECB) might be slower than its peers to embrace the idea of hiking interest rates, but its public debate over how aggressively to act is suddenly shifting very fast indeed.
InLife posts higher net earnings
INSULAR LIFE Assurance Co., Ltd. (InLife)’s net income in 2021 soared to P4.7 billion, a 168% increase from the year before, which the company attributed to easing pandemic restrictions, digitalization, and improved hiring.
Peso weakens as gov’t lowers growth goal
THE PESO inched lower against the dollar for the third straight session on Wednesday after the country’s economic managers narrowed its growth target for the year.
Gov’t fully awards 10-year bonds at higher rate
THE government fully awarded the reissued Treasury bonds (T-bonds) it offered on Tuesday as investors asked for higher rates after the central bank hiked borrowing costs and amid expectations of further monetary tightening here and in the United States.
BSP proposes rules on operation of real-time gross settlement payment system
THE CENTRAL BANK is proposing rules for the operation of the Peso Real-Time Gross Settlement Payment System (RTGS PS), based on a draft circular on its website.
Peso inches lower vs dollar on global inflation concerns
THE PESO moved sideways versus the greenback on Tuesday amid inflation concerns as the protracted war between Russia and Ukraine and coronavirus lockdowns in China roil global fuel prices.