Australia’s Afterpay settles with regulator for loans issued without license
AUSTRALIA’S buy-now-pay-later firm Afterpay Ltd. will refund late fees paid by customers in California for loans, which were deemed “illegal” by the US state’s financial regulator, the two sides said as part of a settlement.
Government borrowings drop in March
THE NATIONAL government’s borrowings declined 79% to P66 billion in March from the P308.218 billion recorded a year ago, according to data from the Bureau of the Treasury (BTr).
Gov’t fully awards bonds
THE GOVERNMENT fully awarded the reissued five-year Treasury bonds (T-bonds) it offered on Wednesday on the back of low rates and strong demand as investors continue their flight to safer assets.
Peso strengthens ahead of US data
THE PESO strengthened anew on Wednesday as the dollar slipped due to the stronger euro and ahead of the release of US trade balance data.
Treasury bill rates seen moving sideways at auction
TREASURY BILLS (T-bill) on offer today will likely see their rates move sideways amid continued strong demand as investors look for more signals that domestic inflation is already decelerating, as expected by the central bank.
Australia’s bank watchdog raps Macquarie, HSBC, Rabobank for liquidity report breach
SYDNEY — Australia’s banking regulator said on Wednesday it has ordered Macquarie Group Ltd. and the domestic units of Rabobank and HSBC to tighten their local funding arrangements, saying the banks had breached liquidity reporting requirements.
Pag-IBIG collects P30B in home loan payments
THE HOME Development Mutual Fund (Pag-IBIG Fund) reported home loan payments rose 12% to a record-high P30.44 billion in the first six months of 2019.
Indonesia slashes interest rates to support growth
INDONESIA cut interest rates for a second straight month to spur an economy facing increasing risks from a global slowdown and intensifying trade war.
Gov’t debt yields end flat
YIELDS on government securities (GS) ended mixed last week as investors tracked auction results amid the lack of fresh leads.
Peso slightly strengthens vs dollar, touches P51 level
THE PESO slightly strengthened against the dollar on Tuesday, touching the P51 level intraday, due to weaker-than-expected jobs data in the United States.
The local...
Peso rebounds on profit taking
THE PESO recovered against the dollar on Monday as investors pocketed gains following the local currency’s fresh low last week.
The peso ended Monday’s session...
Gov’t partially awards T-bills as rates rise
THE GOVERNMENT made a partial award of the Treasury bills (T-bill) on offer yesterday as investors priced in the slower-than-expected inflation print for last month.