BSP’s relief measures boost lending growth

THE targeted relief measures of the Bangko Sentral ng Pilipinas (BSP) for lenders has helped sustain credit growth amid the recovery of the economy...

Peso rises on BoJ decision, stock market’s gains

THE PESO strengthened against the dollar on Wednesday following the Bank of Japan’s (BoJ) decision to keep rates ultra-low and amid expectations that the...

Gov’t upsizes T-bond award amid strong demand

THE GOVERNMENT upsized the volume of the Treasury bonds (T-bonds) it awarded on Tuesday amid strong demand as investors were looking for high-yielding instruments...

BPI expects merger with Robinsons Bank to boost income, revenues

BANK of the Philippine Islands (BPI) expects its net income to climb by 5-6% and its revenues to rise by around 7% once its...

UnionDigital books P4.8B in loans, P9B in deposits

UNIONDIGITAL Bank, the digital lender of UnionBank of the Philippines, Inc., recorded P4.8 billion in loans and P9 billion in deposits just five months...

Peso weakens on China GDP data

THE PESO declined against the dollar on Tuesday as economic growth in China was stronger than expected in the fourth quarter, boosting the greenback...

Gov’t makes full award of Treasury bills

THE GOVERNMENT fully awarded the Treasury bills (T-bills) it auctioned off on Monday as rates were only marginally higher across all tenors amid strong...

NY court junks motion to dismiss case versus RCBC over $81-M heist

THE SUPREME COURT of the State of New York (NY) on Saturday denied Rizal Commercial Banking Corp.’s (RCBC) motion to dismiss the case filed...

Peso rises to new six-month high vs dollar

THE PESO posted a fresh six-month high against the dollar on Monday as easing US inflation in December 2022 fanned hopes of smaller rate...

T-bill, bond rates to track secondary mart levels

RATES of government securities on offer this week could be broadly steady and track secondary market yields amid the release of US consumer inflation...

IC affirms cease-and-desist orders against two firms

THE Insurance Commission (IC) has affirmed its cease-and-desist orders (CDO) against Mortuaries’ Cooperation Internment Assistance Group, Inc. (MCIA Group, Inc.) and Future Life Care...

Yields on government debt mixed

YIELDS on government securities (GS) were mixed last week as central banks signaled slower policy tightening amid expectations of easing inflation. Bond yields, which move...
ADVERTISEMENT
ADVERTISEMENT
BusinessWorld Online