Liquidity growth picks up in March
MONEY SUPPLY growth in March accelerated following the central bank’s monetary easing to help mitigate the impact of the coronavirus pandemic on the economy and the financial system..
Peso strengthens on easing of lockdown measures
THE PESO strengthened against the greenback on Friday after the loosening of lockdown measures in the country to gradually reopen the economy.
Insurers’ premium income rises
THE INSURANCE industry’s premium income grew in 2019 as all sectors reported increases in premiums written, according to the Insurance Commission (IC).
BSP to count loans to large firms as reserves
THE CENTRAL BANK will count credit extended to large enterprises as part of banks’ and quasi-banks’ compliance with their reserve requirements to support businesses hardest hit by the pandemic.
Webinar fatigue — another pandemic?
By Reynaldo C. Lugtu, Jr.
WHEN lockdowns and community quarantines were implemented in many parts of the globe, suddenly everything became digital, including the traditional face-to-face conferences, trainings, public fora, and corporate presentations. Enter the now-ubiquitous webinar!
LANDBANK launches new lending program for countryside lenders
STATE-RUN Land Bank of the Philippines (LANDBANK) has launched a new lending program that will assist countryside financial institutions (CFIs) affected by natural calamities, man-made disasters, pests and diseases and outbreaks like the coronavirus disease 2019 (COVID-19) pandemic.
Peso ends sideways on lockdown easing prospects
THE peso closed sideways on Thursday as investors await clearer directions on lockdown measures while continuing to fear further spread of the virus.
Dollar reserves seen reaching $94 billion this year
THE COUNTRY’S dollar reserves are expected to rise to a record $94 billion by the end of the year as the country grapples with the coronavirus pandemic, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno.
Gov’t fully awards bonds
THE GOVERNMENT fully awarded the reissued five-year Treasury bonds (T-bonds) it offered on Wednesday on the back of low rates and strong demand as investors continue their flight to safer assets.
House approves bill on cash agents
A BILL which seeks to widen unbanked Filipinos’ access to financial services was approved by the House Committee on Banks and Financial Intermediaries on Wednesday.
Yields on seven-day term deposits inch lower
YIELDS ON the central bank’s term deposit facility (TDF) slipped on the back of higher bids as well as the slight recovery in oil prices.
Peso weakens versus the dollar on worsening US-China relations
THE PESO succumbed to the greenback on Wednesday amid risk-off sentiment due to a wider budget deficit in April and renewed tensions between the US and China.