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.
Yields on government debt climb on US Treasuries’ movement, inflation
YIELDS ON government securities (GS) jumped last week amid rising inflation expectations and US Treasury rates.
Peso expected to weaken vs dollar as focus turns to vaccines
THE PESO will likely weaken against the greenback this week on risk-off sentiment due to the recurring delay in vaccine delivery, which is seen dimming prospects for the country’s recovery, as well as expectations of quicker inflation.
Hot money posts net inflow of $97.92-M in January
Foreign portfolio investment (FPI) posted a net inflow of $97.92 million in January, as overall sentiment improved due to the swearing in of the...