Peso extends decline vs dollar

THE PESO plunged against the dollar on Wednesday due to upbeat sentiment on the US tax package and cautiousness over US employment data. The local...

Manulife Chinabank Life appoints new president

MANULIFE Chinabank Life Assurance Corp. (MCBL) has appointed Amy T. Gochuico as its new president and chief executive officer (CEO) effective April 1. Ms. Gochuico...

Let the magic begin

By Marivic Españo
They are some of the biggest success stories today: Tony Tan Caktiong, the poor boy from China whose small ice cream franchise turned into Jollibee, the world’s fast-rising fastfood superstar; Injap Sia II, self-made billionaire before he turned 40, courtesy of a fastfood chicken barbecue chain called Mang Inasal; and Dennis Uy, another young tycoon from Davao City who is building a vast empire out of Phoenix Petroleum and a diverse range of shipping, logistics, and real estate ventures.

Peso to weaken further on virus

THE PESO may continue to weaken this week with markets following developments related to the spread of the coronavirus disease 2019 (COVID-19) outside China and as they factor in key local data to be released this week.

Green financing

By Flor G. Tarriela
What is green finance? Green finance is the financing of investment that encourage the development of a more sustainable economy. Green finance also refers to financial support for green growth. What is green growth? It is promoting economic growth and development while safeguarding the use of natural resources in a sustainable manner.

ECB could end bond purchases this year; rate hike on the horizon

FRANKFURT -- The European Central Bank could end bond purchases this year while an interest rate hike in 2019 is not unrealistic if the...

Lenders leave rediscount facility untapped in July

LENDERS left the rediscount facility of the Bangko Sentral ng Pilipinas (BSP) untouched in July as banks remained well-capitalized and as the cut in...

Peso rises on BSP rate cut

THE peso strengthened on Friday, returning to its P51-a-dollar level on the back of the expected 25-basis-point policy rate cut by the central bank on Thursday despite weaker-than-expected economic growth in the second quarter.

Gov’t rejects banks’ bids for T-bills as rates go up

THE GOVERNMENT rejected all bids at yesterday’s auction of Treasury bills (T-bill) as it saw weak demand due to its recent offer of retail...

T-bill rates to climb as virus cases surge

YIELDS on Treasury bills (T-bills) on offer on Monday will likely increase further on concerns over rising coronavirus cases in the country, as this could lead investors to flock to safe havens.

Demand for term deposits up as BSP doubles offer volume

BANKS’ DEMAND for term deposits rose on Wednesday as the Bangko Sentral ng Pilipinas (BSP) doubled the amount on offer.

Gov’t makes full award of T-bills as yields decline on BSP rate cut

THE GOVERNMENT borrowed P15 billion as planned at its Treasury bills (T-bill) auction yesterday, with yields declining across all tenors following the policy rate cut of the Bangko Sentral ng Pilipinas (BSP).