Gov’t to raise P30-B via 5-yr retail bond issue
The government is set to raise at least P30 billion via the issue of five-year retail Treasury bonds (RTBs) beginning next week to boost...
DBP to adjust lending portfolio to ‘maximize’ benefit to slowing economy
THE Development Bank of the Philippines (DBP) said it is adjusting its lending portfolio to favor priority sectors with the most potential development impact...
NPL ratio could double to 4-5% due to faltering economy – S&P
The banking industry’s non-performing loan ratio (NPL) could hit 4-5% due to the pandemic, which has weakened businesses and thrown many out of work.
"In...
Gov’t increases stake in UCPB to 97%
The government increased its stake in the United Coconut Planters Bank (UCPB) to 97% from 75% previously, the Department of Finance (DoF) said, while...
Peso weakens on collapse in May trade
The peso weakened against the dollar following the release of dismal trade data in May, reflectng the shutdown of economic activity during the lockdown.
The...
BPI’s CARE bond offering attracts strong demand
BANK OF THE Philippine Islands (BPI) has cut short the offer period for its COVID Action Response (CARE) bonds on strong demand.
New beginnings
By J. Albert Gamboa
At the Threshold of New Beginnings is the title of a coffee-table book launched by the Rotary Club of Makati West (RCMW) last month. The book traces the history of RCMW starting from the tumultuous year of 1969 up to the last ‘old normal’ year of 2019 and even beyond, touching on the early months of the current global crisis.
Peso strengthens as US stocks post record gains
THE PESO strengthened against the greenback on Thursday after gains in the US stock market.
TDF yields inch higher ahead of RTB offer
YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) term deposits inched up on Wednesday ahead of the retail Treasury bond (RTB) offering and following the release of the quicker-than-expected June inflation data.
Metrobank to issue $500 million in unsecured 5.5-year dollar debt
METROPOLITAN Bank & Trust Co. (Metrobank) has raised $500 million via its offer of senior unsecured fixed-rate notes to finance its short-term borrowings.
Peso rebounds on lower oil prices
THE peso strengthened against the greenback on Wednesday as oil prices slipped on worries of oversupply.
Gov’t fully awards fresh 10-year bonds
THE GOVERNMENT made a full award of the fresh Treasury bonds (T-bonds) it auctioned off on Tuesday on the back of strong liquidity and benign inflation.