Yields on term deposits inch up ahead of RTB offering
YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) term deposits inched up on Wednesday ahead of the retail Treasury bond (RTB) offering of the government.
Cybersecurity risks rise as customers go online
LENDERS NEED to boost spending to strengthen cybersecurity with digital transactions on the rise amid quarantine measures, a bank official said.
Peso rebounds on data showing record dollar reserves
THE PESO rallied against the greenback on Wednesday on the back of continued growth in the country’s dollar reserves.
MUFG on the prowl for more investments in technology, startups after notching Grab deal
THE DAYS OF aggressively buying Southeast Asian banks appear over for Japan’s biggest lender, which is now focusing on digital investment to reach new customers and streamline operations.
BAP says banks can stand risks from ABS-CBN loans
THE BANKING INDUSTRY can weather possible credit risks from their exposure to ABS-CBN Corp. following the network’s denied franchise renewal on the back of their strong capitalization and liquidity levels.
Peso weakens vs dollar on fresh tensions between US and China
THE PESO weakened against the greenback on Tuesday as fresh tensions emerged between Washington and Beijing.
Gov’t makes full award of T-bills
THE GOVERNMENT made a full award of the Treasury bills (T-bills) it auctioned off on Monday as rates continued to drop across-the-board amid strong liquidity in the market.
GCash to offer Singlife products
MOBILE WALLET firm GCash and digital insurance company Singapore Life (Singlife) Philippines have teamed up to launch an online marketplace to sell life insurance products.
Bill allowing sale of bad loans to asset management firms filed in Senate
A measure allowing financial institutions to sell bad loans to asset management companies has been filed in the Senate as banks anticipate a rise in nonperforming assets.
Peso strengthens on positive sentiment
THE PESO appreciated against the greenback on Monday, supported by positive market sentiment after progress in the clinical trial of an anti-viral drug for patients of the coronavirus disease 2019 (COVID-19).
T-bill rates seen sideways ahead of retail bond offer
THE STEADY DROP in yields of Treasury bills (T-bills) is expected to ease this week as market participants gear up for the upcoming retail Treasury bond (RTBs) sale.
Yields on gov’t securities drop on auctions
YIELDS on government securities declined following auctions conducted last week, with investors and traders deploying their excess liquidity to get these papers.