Remittances rise as host economies reopen
By J. Albert Gamboa
OVERSEAS Filipino workers (OFWs) sent home a total of $5.75 billion in the first two months of 2022, based on the latest data from the Bangko Sentral ng Pilipinas (BSP). This reflected a 1.9% growth over the corresponding level last year.
Peso up on profit taking amid hawkish Fed, softer US home sales data
THE PESO strengthened versus the greenback on Thursday amid profit-taking following hawkish signals from Federal Reserve officials and softer US economic data.
TDF yields rise on Fed official’s hawkish remarks
YIELDS on the term deposit facility (TDF) of the Bangko Sentral ng Pilipinas (BSP) increased on Wednesday as the offer was undersubscribed after a US Federal Reserve official said the central bank should consider aggressive rate hikes amid soaring inflation and with the peso retreating versus the greenback.
Peso down as Evans signals support for 50-bp increases
THE PESO weakened versus the greenback on Wednesday as another US Federal Reserve official said he supports aggressive rate hikes in their coming meetings.
Gov’t makes full award of bonds at higher rate on inflation fears
THE GOVERNMENT made a full award of the reissued Treasury bonds (T-bonds) it offered on Tuesday at a higher average rate due to inflation fears and hawkish comments from US Federal Reserve policymakers.
BPI AIA sees stronger growth as economy reopens
BPI AIA Life Assurance Corp. sees stronger growth this year as the economy continues to reopen and amid the government’s improved management of the pandemic.
BI keeps stance unchanged to support economy
INDONESIA’S central bank kept its benchmark interest rate unchanged to support the economy’s recovery, while downgrading its growth outlook and saying it will keep a watch on price pressures fueled by the Russia-Ukraine conflict.
Fed’s Bullard says 75-basis-point hike could be option if needed
FEDERAL RESERVE Bank of St. Louis President James Bullard said the central bank needs to move quickly to raise interest rates to around 3.5% this year with multiple half-point hikes and that it shouldn’t rule out rate increases of 75 basis points.
Peso weakens on hawkish Fed
THE PESO retreated versus the greenback on Tuesday as oil prices shot up and with a US Federal Reserve official floating the idea of bigger rate increases to tame inflation.
Gov’t fully awards T-bills
THE GOVERNMENT fully awarded the Treasury bills (T-bills) it offered on Monday as rates moved sideways amid strong demand for short-term debt papers and expectations of aggressive rate hikes from central banks due to growing inflation risks.
Central bank raises P140 billion from 28-day securities
THE CENTRAL BANK fully awarded the 28-day bills it offered on Monday as accepted rates went down after the government’s latest bond issuance.
Agencies approve creation of Shari’ah Supervisory Board
GOVERNMENT AGENCIES have approved the establishment of a Shari’ah Supervisory Board (SSB) in the Bangsamoro Autonomous Region of Muslim Mindanao (BARMM) to boost the regulatory environment for Islamic banking.