BSP sells P60 billion in 28-day bills
THE BANGKO SENTRAL ng Pilipinas (BSP) made a full award of the 28-day securities it offered on Friday amid excess liquidity in the financial...
Peso climbs after BSP rate cut
THE PESO strengthened versus the dollar on Friday following the central bank’s decision to cut benchmark interest rates to fresh record lows.
The local unit...
Bills modernizing PHL banking sector pushed
A LAWMAKER on Friday pushed for the passage of several measures aimed to modernize the country’s banking sector.
During a virtual hearing of the House...
Banks resilient, have enough buffers vs shocks, says Diokno
BANKS CONTINUE to be armed by strong buffers as defense versus the impact of the coronavirus pandemic on their asset quality, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said.
TCC eyes majority stake in BPICTL
TOKYO CENTURY Corp. (TCC) is taking majority ownership of Bank of the Philippine Islands’ (BPI) leasing firm, which is a joint venture with the foreign firm.
Strategic planning in this time of crisis
By Reynaldo C. Lugtu, Jr.
The last decade before the pandemic, we had seen good times in the global and domestic economies. The world gross domestic product growth rate had been hovering in the three percent level. In the Philippines, we had seen a range of six to seven percent growth.
Peso weakens ahead of BSP meeting
THE PESO weakened versus the dollar on Thursday ahead of the central bank’s latest policy decision and after the New York City government ordered schools to close again amid rising cases of the coronavirus disease 2019 (COVID-19) there.
TDF yields mixed ahead of BSP review
YIELDS ON term deposits offered by the Bangko Sentral ng Pilipinas (BSP) ended mixed on Wednesday as the market awaited for the central bank’s latest policy decision.
Negative rate risk, QE overload may push central banks towards yield caps
LONDON — Central banks are delving further into their tool kits to help economies recover from the coronavirus — cue yield curve control (YCC), a form of pinning down borrowing costs that more countries might need to embrace in the months and years ahead.
Banks told to detail plans for transition from LIBOR
THE CENTRAL BANK is requiring lenders to submit reports on their transactions that involve the London Interbank Offered Rate (LIBOR) and their transition to the use of alternative reference rates, with the LIBOR set to be sustained only until end-2021.
China’s credit jitters deepen a sell-off in bonds
THE CREDIT DEFAULT shock waves rippling through China are hurting demand for sovereign bonds, with market watchers seeing the slide lasting the rest of 2020.
Peso climbs vs dollar on US data
THE PESO rebounded against the dollar on Wednesday as drug firms in the United States race to launch vaccines against the coronavirus disease 2019 (COVID-19) and after US retail sales grew slower than expected in October.