Peso rises on trade data
THE PESO strengthened on Wednesday on profit taking and due to positive market sentiment following latest trade data and news of more easing of lockdowns across the world.
Treasury makes full award of 35-day papers as rates decline
THE GOVERNMENT fully awarded the Treasury bills (T-bills) it auctioned off on Tuesday for low rates as investors awash with cash continued to flock to safe-haven assets.
BSP lets UITFs go beyond 15% exposure limit
THE BANGKO SENTRAL ng Pilipinas (BSP) will let trust entities (TEs) — specifically unit investment trust funds (UITFs) — go beyond their exposure limit given the operational difficulties caused by the pandemic.
LANDBANK launches P3-billion loan program for private schools
LAND BANK of the Philippines (LANDBANK) has rolled out a P3-billion lending program for private schools to aid them in their “study now, pay later” scheme for students amid the coronavirus disease 2019 (COVID-19) pandemic.
Peso climbs on inflation
THE PESO strengthened on Tuesday on the back of positive market sentiment on easing inflation and amid expectations of another contraction in the US services sector.
Gov’t hikes T-bill award as rates decline on increasing demand
THE GOVERNMENT upsized the volume of Treasury bills (T-bills) it awarded on Monday on the back of strong demand and low rates across all tenors.
RCBC net income rises 77% in the first quarter
RIZAL COMMERCIAL Banking Corp. (RCBC) saw a surge in its net income in the first quarter backed by its strong core business and trading gains despite headwinds due to the coronavirus disease 2019 (COVID-19) pandemic.
Peso weakens on US-China tensions, PMI contraction
THE PESO weakened versus the greenback on Monday amid risk-off sentiment following tensions between US-China’s as well as the further contraction of the local manufacturing sector.
Treasury bills to fetch lower rates on demand for safe-haven assets
RATES OF Treasury bills (T-bills) on offer this week will likely decline on inflation data and as investors continue to park their funds in short-term safe-haven assets.
Peso seen rising further vs dollar
THE PESO is expected to continue climbing this week, with markets anticipating developments on the coronavirus disease 2019 (COVID-19).
Gov’t debt yields decline
YIELDS ON government securities (GS) fell last week on expectations of rate cuts from the Bangko Sentral ng Pilipinas (BSP).