Peso may strengthen on progress of stimulus bills
THE PESO is expected to appreciate further against the US dollar this week in anticipation of developments on vaccines against coronavirus disease 2019 (COVID-19) and on pending stimulus bills.
Liquidity, lending growth hit multi-year lows in October
LIQUIDITY GROWTH eased further in October as credit expansion slumped to its slowest in nearly 14 years amid continued cautiousness among banks and consumers...
BSP fully awards offer of one-month securities
THE BANGKO SENTRAL ng Pilipinas (BSP) fully awarded its offer of short-term securities on Friday on the back of strong demand.
The BSP raised P60...
BSP releases guidelines for establishment of digital banks
THE BANGKO SENTRAL ng Pilipinas (BSP) has released the guidelines for establishing digital banks in the country, giving it a distinct classification to boost...
Peso edges higher on vaccine news, remittances
THE PESO continued to strengthen against the greenback on Friday, supported by vaccine hopes and remittances from overseas Filipino workers (OFWs).
The local unit closed...
UnionBank raises P9 billion from bond offering
UNIONBANK OF THE Philippines, Inc. raised P9 billion from its sale of two tenors of bonds, which will be used to ramp up the bank’s funding capacity and expand business operations.
BSP sets rules for nonbanks’ crime reporting
THE CENTRAL BANK has laid out guidelines for the reporting of crimes and its resulting losses for nonbank financial institutions (NBFIs).
Signals of recession and recovery
By J. Albert Gamboa
The Philippine economy’s performance in the third quarter was worse than expected. Contracting 11% year on year, the country’s gross domestic product went into negative territory for the third consecutive quarter.
Peso inches up on easing unemployment
THE PESO strengthened slightly against the greenback on Thursday following the release of data showing lower unemployment as of October.
Yields on BSP’s term deposits inch down on inflation outlook
YIELDS ON term deposits offered by the Bangko Sentral ng Pilipinas (BSP) on Wednesday slipped on expectations of faster inflation in November.
Gov’t makes full award of three-year bond offer
THE GOVERNMENT made a full award of the reissued three-year Treasury bonds (T-bonds) it offered on Wednesday as its yield declined following the surprise rate cut of the central bank and amid continued uncertainty in the economic environment.
Facebook-backed digital coin Libra renamed Diem to signify independence in quest for regulatory OK
LONDON — Facebook-backed cryptocurrency Libra has been rebranded “Diem” in a renewed effort to gain regulatory approval by stressing the project’s independence.