Peso nearly flat vs dollar on election
THE PESO inched up versus the dollar on Wednesday on data showing the country’s trade deficit narrowed in September and amid uncertainties on the results of the presidential election in the United States.
Gov’t fully awards offer of T-bills as rates decline across the board
THE GOVERNMENT made a full award of the Treasury bills (T-bills) it offered on Tuesday as yields declined across the board due to strong market liquidity and expectations of benign inflation.
BDO AUMs hit P1 trillion at end-Sept.
BDO UNIBANK, Inc. (BDO) saw its assets under management (AUM) grow to P1 trillion as of September on the back of strong demand for its unit investment trust fund (UITF) products amid the coronavirus pandemic.
BSP backs easing data connectivity restrictions for financial inclusion
THE CENTRAL BANK is backing legislative measures that seek to narrow the digital divide in the country to push financial inclusion in rural areas, said Bangko Sentral ng Pilipinas Governor Benjamin E. Diokno.
Peso slips as data show contraction in manufacturing activity
THE PESO slipped versus the dollar on Tuesday on data showing the manufacturing industry contracted in October and ahead of the results of the presidential election in the United States.
ECB policy action pledge has banks, marts guessing
THE EUROPEAN CENTRAL Bank’s (ECB) exceptionally clear pledge to come up with a new package of monetary stimulus at its next policy meeting has given markets plenty to think about.
Insurers urged to digitize as consumers go online
INSURERS need to digitize quicker as more consumers in the so-called “discovery generation” who prefer shopping online are seen to increase to over 310 million in the next five years, a product consultant said.
CTA denies BIR petition to review RCBC Savings’ tax deficiency
THE COURT of Tax Appeals (CTA) has denied the Bureau of Internal Revenue’s (BIR) petition for review over the tax deficiency case of RCBC Savings Bank, Inc. (RCBC Savings) in 2006 for lack of merit, it said in a decision.
Further monetary stimulus may boost peso, push up bond yields
THE CENTRAL BANK may adjust monetary policy further to support the government’s limited fiscal space and strong balance of payments (BoP) position, Nomura said in a report, but this would result in loose liquidity, a stronger peso and slightly higher government bond yields.
T-bill, T-bond rates may inch up
THE RATES of the government securities on offer this week will likely increase ahead of the presidential election in the United States and as uncertainties linger due to the coronavirus disease 2019 (COVID-19).
Yields on gov’t debt rise
YIELDS on government securities (GS) inched upward last week amid a lack of catalysts in the local market.
Peso to rise ahead of US vote, local data
THE PESO may strengthen this week as the market monitors the US presidential election and local trade and inflation data.