Gov’t makes full award of T-bills on strong demand amid tightening bets
THE GOVERNMENT made a full award of the Treasury bills (T-bills) it offered on Monday as rates declined on strong demand for short-term securities amid expectations of monetary policy tightening and as oil prices eased.
PNB aims to list property unit this year
BILLIONAIRE Lucio C. Tan’s Philippine National Bank (PNB) brought forward its plan to list its property unit, now aiming to float the asset by the end of this year to boost capital.
Peso sinks to P52:$1 level on hawkish Fed, ongoing war
THE PESO sharply retreated to return to the P52 level versus the greenback on Monday amid hawkish signals from the US Federal Reserve and expectations of a prolonged war between Russia and Ukraine.
Rates of Treasury bills, bonds may move sideways this week
RATES of government securities on offer this week are expected to move sideways following a decline in secondary market yields due to lower oil prices.
PayMaya rolls out cryptocurrency feature in app
PAYMAYA Philippines, Inc. has rolled out a cryptocurrency feature in its mobile app, it said in a statement last week.
Yields on gov’t debt mixed on inflation, Fed minutes
YIELDS on government securities (GS) were mixed last week after the release of March inflation data and minutes of the US Federal Reserve’s latest meeting.
More counterfeit banknotes documented in 2021
THE CENTRAL BANK documented more fake money last year as the economy reopened, which allowed for an increase in cash transactions.
Peso may rise vs dollar on remittance inflows ahead of Holy Week break
THE PESO may appreciate versus the greenback this week due to expected remittance inflows for the Holy Week holidays and amid the recent decline in oil prices.
BSP looking to ease Islamic banks’ capital requirements
THE BANGKO SENTRAL ng Pilipinas (BSP) is looking into reducing the minimum capital requirement needed to set up Islamic banking units to attract more players.
Rediscount facility untouched in March
BANKS left the rediscount facility of the central bank untouched in March as there was ample liquidity in the financial system to service their lending requirements as the economy reopened further.
Pandemic boosts insurance, investment awareness among Filipinos
FILIPINOS are becoming more aware of and committed to increasing their insurance coverage and investments as the pandemic brought to light the importance of preparing for the unexpected, industry experts said.
Social differences and the middle class
By Benel D. Lagua
WHEN Pulse Asia released the socio-economic profile of its respondents in its recent survey, it is notable that the class AB was not covered. Class C composed 8% of respondents, Class D1 was the biggest chunk at 61%, Class D2 at 18% and Class E at 13%.