Peso to appreciate on demand for liquidity
THE PESO is seen to appreciate versus the dollar this week on the back of demand amid the extended Luzon lockdown and continued improvement in market sentiment due to stimulus measures to cushion economies from the impact of the coronavirus disease 2019 (COVID-19).
Yields on government debt fall on BSP stimulus
YIELDS ON government securities (GS) fell across-the-board last week as traders’ sentiment improved further following the Bangko Sentral ng Pilipinas’ (BSP) decision to buy more debt papers from banks this week.
BSP trims smaller lenders’ liquidity ratio requirement
THE CENTRAL BANK has trimmed the minimum liquidity ratio (MLR) requirement of smaller lenders until the year’s end in a move to boost their...
IC relaxes identification requirements for insurers’ clients
THE INSURANCE Commission (IC) has relaxed the requirements for customer identification documents until June 30 amid the lockdown in various places due to the...
Peso gains as BSP boosts small banks’ liquidity
THE PESO appreciated against the greenback on Wednesday before the Holy Week break on the back of positive sentiment due to the central bank's...
RCBC raises P7.05 billion from bonds
RIZAL COMMERCIAL Banking Corp. (RCBC) raised P7.05 billion via its latest bond offer, which was more than twice oversubscribed.
RCBC said in a statement that...
Peso strengthens on slower March inflation
THE PESO strengthened versus the greenback on Tuesday on the back of positive market sentiment on slower inflation and lower confirmed cases of the...
Gov’t makes full award of Treasury bills
THE GOVERNMENT made a full award of the Treasury bills (T-bills) offered on Monday despite higher rates as investors flocked to safe-haven assets amid increased liquidity.
PHL banks to see slower loan growth, higher bad loans amid COVID-19 outbreak —...
THE BANKING INDUSTRY may see slower loan growth and an uptick in bad loans amid the economic impact of the coronavirus disease 2019 (COVID-19), with their credit ratings also likely to take a hit along with other banks in the region, according to S&P Global Ratings.
PBB net income surges in 2019
PHILIPPINE BUSINESS Bank (PBB) saw its net income surge 46.4% in 2019 on the back of higher core earnings and a double-digit growth in...
Peso flat ahead of holidays
THE PESO closed flat against the greenback on Monday as investors stayed on the sidelines ahead of the upcoming holidays and following data showing...
T-bills to fetch higher rates amid uncertainties
YIELDS ON Treasury bills (T-bills) on offer on Monday, April 6, will likely climb anew as investors prefer cash amid uncertainties, with the government...