Peso climbs as oil prices decline
THE PESO strengthened on Thursday as oil prices declined further and as the Philippine government allowed more public transportation modes to operate
Peso set to stumble with drop in foreign bond sales
Philippine borrowers are looking to raise fewer bonds overseas in the coming months, taking away a pillar of strength for the peso.
The peso led...
Yields on term deposits inch up as BSP sets first bond offering
YIELDS ON the term deposits auctioned off by the Bangko Sentral ng Pilipinas (BSP) mostly inched up on Wednesday amid an increase in bond supply in the market, with the central bank set to make its maiden issue of securities next week.
Bank of Thailand head sees stronger fiscal role for recovery
THAILAND’S OUTGOING central bank governor said public debt restrictions should be eased to allow the government to spend more as monetary policy options dwindle with interest rates already at an all-time low.
Peso drops as Fitch cuts outlook for PHL economy
THE PESO weakened against the dollar on Wednesday as Fitch Ratings penciled in a deeper contraction for the Philippine economy.
Gov’t makes full award of fresh 3-year bonds on strong appetite
THE GOVERNMENT made a full award of fresh three-year Treasury bonds (T-bonds) it offered on Tuesday as rates declined as investors prefer shorter tenors amid an unstable economic environment.
BoJ loan program risks revival of ‘zombie’ firms
THE BANK OF Japan’s (BoJ) loan programs to help businesses ride out the recession run the risk of creating more zombie companies if they are kept in place for too long, analysts warn.
Peso up as cases decline
THE PESO strengthened against the dollar on Tuesday as the country recorded fewer cases of coronavirus disease 2019 (COVID-19).
Gov’t makes full award of T-bills as strong demand keeps rates low
THE government made a full award of the Treasury bills (T-bills) it offered on Monday even as some tenors fetched higher rates as demand for the short-term securities remained strong.
China plans cap on Ant’s lending rates to curb risk
CHINA’S financial regulators plan to cap the interest rates Ant Group can charge borrowers on quick consumer loans, a move that could curb the financial technology giant’s biggest revenue driver as it prepares for a mega initial public offering (IPO).
Credit assistance for coconut, coffee farmers readily available — LANDBANK
STATE-LED Land Bank of the Philippines (LANDBANK) has guaranteed local coconut and coffee farmers that lending programs are ready to help boost their production and incomes.
Peso drops as US jobs data show continued recovery
THE PESO weakened against the dollar on Monday as jobs data out of the United States last week pointed to a continued recovery in the world’s largest economy.