Peso rebounds ahead of key US data
THE PESO rebounded against the dollar on Wednesday as investors awaited the release of key US economic data and scheduled speeches from US Federal...
Fed cites volatility, uncertainty as reasons to go slow on rate cuts
WASHINGTON — Federal Reserve officials appeared divided at their meeting earlier this month over how much farther they may need to cut interest rates,...
Gov’t fully awards reissued five-year T-bonds
THE GOVERNMENT made a full award of the Treasury bonds (T-bonds) it offered on Tuesday on the back of strong demand for higher-yielding instruments...
Gov’t may issue peso Sukuk bonds next year
THE GOVERNMENT could issue peso-denominated Sukuk bonds next year, a central bank official said.
“No amount yet. But in terms of timeline, Sukuk is part...
AUB looks to increase e-wallet market share
ASIA UNITED Bank Corp. (AUB) is planning to add new features to its e-wallet HelloMoney as it plans to grow its customer base and...
S&P revises ratings outlook for DBP, PSALM to ‘positive’
S&P GLOBAL RATINGS has revised its ratings outlook for the Development Bank of the Philippines (DBP) and the Power Sector Assets and Liabilities Management...
PHL banks’ regulatory framework favors credit growth, says Fitch
THE PHILIPPINES’ banking regulatory framework favors credit growth, Fitch Ratings said.
In a report released on Tuesday, the Philippines was given a “bb+” rating for...
Legazpi Savings Bank eyes double-digit loan growth in next five years
LEGAZPI SAVINGS Bank, Inc. (LSB) is aiming to achieve a double-digit compounded annual loan growth rate over the next five years, it said on...
Peso hits record low on Trump tariff vow
THE PESO dropped to its record low of P59 per dollar anew on Tuesday after US President-elect Donald J. Trump said he would slap...
Treasury bill rates inch up on inflation concerns
THE GOVERNMENT made a full award of the Treasury bills (T-bills) it offered on Monday at slightly higher rates across the board amid inflation...
InLife launches retirement insurance
THE Insular Life Assurance Co., Ltd. (InLife) has launched a retirement insurance product with guaranteed monthly cash payouts.
InLife Retire Assure gives policyholders guaranteed monthly...
Coin deposit machine collections hit P1.082B
THE BANGKO SENTRAL ng Pilipinas’ (BSP) coin deposit machines have collected P1.082 billion worth of coins as of Nov. 15.
This was 7.3% higher than...
