BDO UNIBANK, Inc. has increased its loan loss provisions to P22.1 billion as it factored in the impact of the coronavirus disease 2019 (COVID-19) and the government’s lockdown measures.

THE GOVERNMENT hiked the volume of Treasury bills (T-bills) it awarded on Monday, even opening the tap facility anew as bids soared while rates moved sideways.

IT TOOK A global pandemic to get many baby boomers to bank online. Lenders have taken notice.

THE BANGLADESH BANK has filed a new civil suit against Rizal Commercial Banking Corp. (RCBC) and Bloomberry Resorts Corp. to claim damages related to the $81-million heist in 2016.

THE RISKIER PARTS of the developing world are again flirting with international debt markets — and Asian companies are leading the charge.

THE PESO rallied against the greenback on Monday fueled by positive market sentiment due to the affirmation of the country’s credit rating as well as the recovery in the local manufacturing sector.

THE HOUSE Banks and Financial Intermediaries Committee approved on Friday a bill seeking to expand the loan assistance program, rediscounting and other credit accommodation facilities of government financial institutions to help micro, small and medium enterprises (MSMEs) cope with the effects of the coronavirus disease 2019 (COVID-19).

RATES OF Treasury bills (T-bills) on offer this week will likely move sideways on expectations that strong bids will continue and of a policy rate cut by the central bank.

NOT MANY Goldman Sachs partners seek out citizenship in a tiny Caribbean island to speed through airports. Ali Meli wasn’t your typical Goldman partner.

YIELDS ON government securities (GS) fell last week on expectations of rate cuts from the Bangko Sentral ng Pilipinas (BSP) and safe-haven demand due to lingering tensions in Hong Kong.

THE PESO is likely to weaken this week as markets monitor ongoing tensions between the US and China as well as local developments including inflation and the virus spread.