BDO Leasing turns profit
BDO LEASING and Finance, Inc. (BDOLF) posted an P81-million net income in the first half to bounce back from the net loss logged a year ago as it addressed margin compression issues.
Peso inches sideways after BSP cuts small banks’ RRR
THE PESO closed sideways against the greenback on Tuesday following the reduction in the reserve requirement for smaller lenders and as investors await clarity on further fiscal support in the United States.
T-bills fully awarded as rates drop further
THE GOVERNMENT made a full award of the Treasury bills (T-bills) it auctioned off on Monday as rates dropped across-the-board.
Tailor-fit regulations sought for fintech industry
FINANCIAL TECHNOLOGY (fintech) players are hoping for legislation tailor-fit for the industry to address its issues.
Peso rallies to three-year high
THE PESO strengthened against the greenback on Monday to log its best close since November 2016 on prospects of a new stimulus package in the United States.
Rates of Treasury bills seen moving sideways
RATES OF Treasury bills (T-bills) on offer on Monday will likely move sideways on ample demand and while the retail Treasury bonds (RTBs) are on sale.
Yields on government debt end flat
YIELDS ON government securities (GS) ended flat last week after the Bangko Sentral ng Pilipinas (BSP) said it will keep an accommodative policy over the next two years as well as the recent outcome of the retail Treasury bond (RTB) offering.
Peso to rise ahead of data releases
THE peso is expected to extend its gains this week ahead of the release of key economic data on the country’s balance of payments (BoP) and budget deficit.
Former Wall Street trader seeks to make sense of crypto world
Hunter Merghart comes from a traditional finance background, having spent over a decade on equity trading desks in New York at investment banks including Credit Suisse Group AG and Barclays Plc. But, like many of his peers, he became interested in the crypto market and made the transition to that world in 2018.
System checks show Wirecard money did not enter PHL – BSP
THE CENTRAL BANK has maintained that the missing money related to the Wirecard AG incident did not enter the Philippines, noting the country has...
Peso strengthens on as Moody’s keeps country’s credit rating
THE PESO rallied against the greenback on Friday as Moody’s Investors Service affirmed the country's credit rating.
The local unit closed at P49.44 per dollar...
BPI books lower net income in 2nd quarter
BANK OF THE Philippine Islands (BPI) booked a lower net income in the second quarter as it continued to boost loan provisions amid the coronavirus crisis.