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.
Peso down on hawkish Fed
THE PESO depreciated versus the greenback on Monday as a US central bank official said they plan to raise rates fast to tame rising inflation.
Rates of Treasury bills, bonds seen mixed on inflation fears
RATES of government securities on offer this week may end mixed as demand for shorter tenors is expected to remain strong while that for longer-dated debt stays weak due to lingering inflation concerns, which could cause global monetary authorities to unwind pandemic-driven easy policies more aggressively.
Yields on gov’t debt move sideways
YIELDS on government securities (GS) ended mixed last week as trading was cut short due to non-working days for Holy Week.
Peso may drop vs dollar on rising oil prices, war in Ukraine
THE PESO may depreciate versus the greenback this week as fuel prices climbed and as the war in Ukraine rages on.
Economic risk trend for PHL banks revised to ‘stable’ amid eased restrictions
S&P GLOBAL RATINGS has revised its economic risk trend for Philippine banks to “stable” from “negative” as the easing of mobility restrictions could help improve lenders’ asset quality.
TDF yields mixed on hawkish Fed, Samurai bond issuance
YIELDS on the term deposit facility (TDF) of the Bangko Sentral ng Pilipinas (BSP) were mixed following hawkish statements from US Federal Reserve officials and the Philippine government’s latest yen-denominated bond issuance.
Peso up on remittance flows
THE PESO rebounded versus the greenback on Wednesday on remittance flows ahead of the Holy Week break and the government’s latest bond issuance.
Finance app for women partners with First Shoshin for its marketplace and e-wallet features
Bixie, a financial empowerment app for women, partnered with FirstShoshin Holdings Corp. (FSHC) for the development of its upcoming features -- slated for launch in the third quarter of 2022.