Peso inches lower on virus fears
THE PESO traded sideways against the greenback on Monday with the United States on holiday and as the market looked out for developments related to the coronavirus disease 2019 (COVID-19) outbreak.
Treasury bills, bonds to fetch lower rates as BSP eyes cuts
GOVERNMENT SECURITIES on offer this week will likely fetch slightly lower yields amid a lower rate environment globally and with the country’s central bank chief hinting on another cut in key rates as early as next quarter.
Government bonds rally as Fitch upgrades outlook on credit rating
YIELDS ON government securities (GS) declined last week after Fitch Ratings upgraded its outlook for the Philippines’ credit rating, fuelling hopes for a possible hike in its assessment.
Peso may weaken anew as virus death toll continues to increase
THE PESO could weaken anew this week following the previous week’s rally, depending on market sentiment on developments in the coronavirus disease 2019 (COVID-19) outbreak.
More firms to join EGov Pay facility
SIX MORE government entities and a lender will soon join the EGov Pay facility of the government in a move to boost digital payments in the country, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno.
Senate bill seeks to counter consumer fraud and abuse
A MEASURE giving more power to financial regulators to counter consumer fraud and abuse in availing financial products has been filed in the Senate.
BIR adds PayMaya to online payment platforms
THE Bureau of Internal Revenue (BIR) said Friday it expects to grow the volume of taxes paid online after launching a seventh electronic channel through e-wallet service PayMaya.
BSP advises institutions to stop withholding tax on some payments to central bank
FINANCIAL institutions have been advised to stop withholding taxes on their payments to the Bangko Sentral ng Pilipinas (BSP) following the implementation of a BSP tax exemption under the New Central Bank Act.
Peso firms week-on-week after Fitch raises outlook
THE peso weakened to P50.56 to the dollar on Friday, though it rode positive sentiment to strengthen week-on-week after a sovereign credit outlook upgrade by Fitch Ratings to “positive” from “stable.”
RCBC targeting to further grow its sustainable lending portfolio
RIZAL COMMERCIAL Banking Corp. (RCBC) is looking to continue growing its sustainable loan portfolio, with credit to the sector already consisting a tenth of its book after issuing green bonds in 2019.
Federal Reserve picks Shelton, Waller: two mavericks with little in common
ONE IS A credentialed insider who’s spent years at the Federal Reserve. The other is an idiosyncratic outsider who’s questioned why the Fed even exists.
Thiam sees investment bank loss weighing on Credit Suisse results
TIDJANE THIAM’S final results as Chief Executive Officer of Credit Suisse Group AG validated his shift to wealth management while again demonstrating the volatility of the investment bank and trading businesses.