Banks shorten operating hours, temporarily close branches amid virus surge
SOME BANKS are temporarily closing or limiting the operating hours of their branches to curb an ongoing surge in coronavirus cases.
Peso strengthens vs dollar
THE PESO strengthened against the dollar on Monday after the government said it in unlikely to tighten mobility restrictions further.
Rates of T-bills, bonds may fall
RATES of government securities on offer this week could fall on continued rejections made for Treasury bond (T-bond) auctions amid the state’s comfortable cash position
InLife expects steady growth amid demand
INSULAR LIFE Assurance Co., Ltd. (InLife) expects sustained growth in 2022 backed by demand for life insurance and the use of digital platforms for transactions, according to the company’s top official.
Peso seen to weaken ahead of trade data
THE PESO could depreciate versus the dollar this week on expectations of a wider trade deficit and ahead of the announcement of the restriction measures to be implemented for the second half of January.
Yields on government debt end mixed
YIELDS on government securities (GS) ended mixed last week following slower-than-expected inflation in December and the Treasury’s rejection of bids for its offer of reissued seven-year papers.
BSP fully awards offer of short-term bills
THE CENTRAL BANK fully awarded the short-term securities it auctioned off on Friday as the tenor's average yield eased on increased demand.
The Bangko Sentral ng Pilipinas...
Central bank books higher net profit in first 11 months of 2021
THE BANGKO SENTRAL ng Pilipinas (BSP) posted higher earnings in the first 11 months of 2021 as its interest income increased.
Data released on its...
Banks leave rediscount facility untouched in December
LENDERS did not tap the central bank's rediscount facility in December as loan growth remained relatively slow.
"For the period 01 January to 31 December...
Peso declines vs dollar as COVID-19 cases continue to climb
THE PESO weakened against the dollar on Friday as coronavirus disease 2019 (COVID-19) cases continued to surge.
The local unit closed at P51.35 per dollar...
BPI starts offering of two-year fixed-rate bonds
BANK of the Philippine Islands (BPI) on Thursday started its offering of two-year bonds, with proceeds set to fund its digitalization, among other corporate needs, and to refinance its debt.
DBP extends P700-million loan to industrial park developer
DEVELOPMENT Bank of the Philippines (DBP) has extended a P700-million loan to an industrial park developer to finance its projects as the manufacturing sector recovers.