RCBC’s digital banking app records increase in deposit transactions, usage
THE all-digital banking app Diskartech owned by Rizal Commercial Banking Corp. (RCBC) has seen an increase in deposit transactions as more clients continue to join the platform.
BDO Leasing sees 2020 net income climb by 439% amid restructuring
BDO LEASING and Finance, Inc. (BDOLF) registered a higher net profit last year despite booking lower revenues on the back of decreased funding costs.
Central bank at cusp of reflation trade prepares for long fight with the market
THE Reserve Bank of Australia (RBA) signaled it’s ready for a prolonged battle with bond traders betting on a reflation wave sweeping across the global economy.
Peso climbs vs dollar on stock market’s gains
THE PESO strengthened against the greenback on Tuesday amid positive market sentiment on the back the gains in the local stock market.
FOREX | Dollar rises to one-month high; riskier currencies fall as shares falter
LONDON - The dollar rose to its highest level in a month against its basket on Tuesday and riskier currencies fell back, as underlying...
Gov’t fully awards T-bills even as rates climb on inflation bets
THE GOVERNMENT made a full award of the Treasury bills (T-bills) it offered on Monday even as the papers fetched higher rates due to market expectations of a quicker rise in the consumer price index.
Debt engineers tackling climate change with bonds to rewild land
FOR GREEN FINANCE enthusiasts, a new flavor of debt could emerge this year — nature bonds.
DBP dollar bond issue gets ‘BBB’ rating
THE DEVELOPMENT BANK of the Philippines’ (DBP) planned issuance of dollar-denominated unsecured notes has been given an expected grade of “BBB” by Fitch Ratings.
Peso steady on PMI data, vaccination
THE PESO closed unchanged versus the greenback on Monday as the market priced in steady manufacturing activity in February and the start of the government’s vaccination drive.
T-bill rates to rise as demand weakens
RATES OF THE Treasury bills (T-bills) on offer this week could increase further as investors become more concerned over high inflation and with demand seen to weaken as the retail Treasury bond (RTB) sale continues.
LANDBANK looking to expand lending program for small firms
STATE-RUN Land Bank of the Philippines (LANDBANK) plans to expand its lending program for small businesses and cooperatives further to extend credit to more borrowers at a lower interest rate.
House panel approves bill lifting bank secrecy
THE HOUSE Committee on Banks and Financial Intermediaries approved a bill calling for the partial lifting of the Bank Secrecy Law, which will include a provision to protect financial institutions from cases or suits in connection with deposit examinations.