Peso dips on expectations of steady BSP policy
THE PESO weakened against the dollar on Thursday on expectations that the central bank will keep benchmark interest rates untouched at record lows.
Dollar struggles for traction after soft U.S. inflation
SINGAPORE - The dollar was pinned near two-week lows on Thursday, as softer-than-expected U.S. inflation and another Federal Reserve promise to keep interest rates...
TDF yields mixed ahead of BSP meeting
YIELDS ON THE Bangko Sentral ng Pilipinas’ (BSP) term deposits ended mixed on Wednesday, with investors preferring the shorter seven-day papers ahead of the central bank’s policy decision on Thursday.
CitySavings buys stake in Batangas-based thrift lender
UNIONBANK of the Philippines, Inc. has acquired a majority stake in Batangas-based thrift lender Bangko Kabayan, Inc. (BK) through its own thrift unit, further expanding the Aboitiz group’s banking network.
Rediscount facility left untouched in January on strong market liquidity
BANKS did not tap the central bank’s rediscount facility last month as liquidity in the financial system remained ample.
Peso rises vs dollar on proposed stimulus
THE PESO gained against the greenback on Wednesday, supported by hopes for the timely passage of key measures that could help the economy rebound from the coronavirus crisis.
Three-year RTBs priced at 2.375% as strong liquidity boosts demand
By Beatrice M. Laforga, Reporter
The government on Tuesday sold an initial P221.218 billion in three-year retail Treasury bonds (RTBs) on strong investor demand due to robust liquidity in...
Gov’t readies debt consolidation plan
By Beatrice M. Laforga, Reporter
The National Government has started working on a plan to bring down its debt stock to 40% of gross domestic product (GDP) after the...
Fed to include climate risk in bank oversight
SAN FRANCISCO — The US Federal Reserve is beginning to incorporate the impacts of global warming into its regulatory writ, following in the footsteps...
House approves GUIDE bill
THE HOUSE of Representatives approved on final reading a proposed law that will provide state-run banks P10 billion to lend to distressed micro, small,...
Peso closes flat vs dollar on stimulus, Wall Street
The peso closed flat versus the greenback on Tuesday on gains in US stocks and hopes of the passage of a bigger stimulus package...
Gov’t hikes T-bill award as rates continue to drop
THE GOVERNMENT hiked the volume of the Treasury bills (T-bills) it awarded for the sixth straight week on Monday as rates continued to decline across the board.