Peso rebounds on easing of lockdown rules, Budget special session
The peso rebounded Friday after the government eased lockdown rules for minors as young as 15 and senior citizens as old as 65, and...
E-payments seen rising in cash-heavy ASEAN
THERE IS ROOM for growth in digital payments across cash-heavy Association of Southeast Asian Nations (ASEAN), including the Philippines, as businesses can tap underbanked consumers in markets with relatively high smartphone and internet penetration, the Hongkong and Shanghai Banking Corp. (HSBC) Global Research said on Thursday.
Active listening in virtual conversations
By Reynaldo C. Lugtu, Jr.
As we move towards the eighth month of the pandemic and quarantines in many parts of the world, we would think that by now people have gotten used to virtual meetings; apparently far from it. Still, many people that I meet virtually keep their cameras off during the entire duration of the meeting. While many people have a valid reason for not having a high-speed internet provider in their residences, some are just procrastinating to upgrade their internet connection to enable videoconferencing.
Peso drops further vs dollar on delayed passage of US stimulus
THE PESO extended its decline versus the dollar on Thursday after the US Treasury said the passage of a stimulus may be delayed further.
Term deposits fetch mixed rates as gov’t favors local borrowings
YIELDS ON term deposits offered by the Bangko Sentral ng Pilipinas (BSP) were mixed on Wednesday as the country’s Finance chief said the government is looking to borrow more from the domestic market next year.
ING Bank to support five PHL startups under partnership with UNICEF
ING Bank N.V. will support five local financial technology or fintech startups with equity-free investments and technical and business mentorship for a year under a program with the United Nations Children’s Fund (UNICEF).
Peso weakens as US Senate sets vote on stimulus
THE PESO weakened further on Wednesday as the market waits for the House’s approval of the 2021 national budget and after lawmakers in the United States rejected a proposal for a fresh stimulus fund amid the coronavirus pandemic.
MSME loans counted as alternate reserve compliance reach P80B
THRIFT LENDERS have disbursed P80 billion in loans to micro-, small-, and medium-sized enterprises (MSMEs) that qualify as alternate reserve requirement compliance, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said on Tuesday.
ECB policy makers wary of following Fed route
FRANKFURT — There is reluctance among European Central Bank (ECB) policy makers to follow the US Federal Reserve’s move to target an average inflation rate, fearing this could tie their hands, sources involved in a revamp of ECB policy told Reuters.
Peso declines further on budget, US stimulus talks
THE PESO weakened further on Tuesday as Congress continued deliberations on the 2021 national budget and amid prolonged talks in the United States on an economic stimulus program amid the coronavirus pandemic.
Gov’t fully awards T-bill offer on strong liquidity, easing inflation
THE GOVERNMENT made a full award of the Treasury bills (T-bill) it offered on Monday as rates inched down across-the-board amid strong liquidity in the market and expectations of manageable inflation.
Rediscount loans rise
BANKS AVAILED of the central bank’s rediscount window for the second consecutive month in September, likely due to two weeks of a stricter lockdown in Metro Manila which may have caused a slowdown in business activity.