PBB books higher profit on core business’ growth
PHILIPPINE BUSINESS Bank (PBB) posted a 57.1% jump in its net earnings in the first three months of the year, supported by growth in its core businesses.
Banks tap BSP rediscount window
BANKS CONTINUED to tap the central bank’s rediscount window in April in a bid to boost liquidity during the lockdown.
Peso climbs vs dollar
THE PESO appreciated against the greenback on Monday on positive market sentiment about the possible gradual easing of lockdown measures and amid market expectations of another rate cut from the US Federal Reserve.
Treasury bills, bonds may fetch lower rates on strong demand
RATES OF government securities to be auctioned off this week will likely decline on strong demand as investors continue to flock to safe-haven assets.
Yields on gov’t debt drop on inflation, GDP data
YIELDS ON government securities (GS) fell last week following lower April inflation as well as the contraction of the Philippine economy in the first quarter to its worst performance in more than 20 years.
Peso may strengthen ahead of lockdown easing
THE PESO may strengthen this week as it continues to be supported by the country’s strong economic fundamentals and as investors anticipate a gradual lifting of the lockdown in the country’s capital.
PayMaya sees pandemic bolstering case for more digital payments
DIGITAL payments firm PayMaya Philippines, Inc. is hoping that the momentum driving cashless payments during the coronavirus pandemic will ultimatly translate to profitability.
BSP eases asset cover norms for foreign currency loans
THE central bank said the rules easing the standards for asset cover on foreign currency liabilities will allow a two-week compliance period to bring coverage back to 100%
Peso gains after progress in US-China talks
THE peso strengthened Friday after risk-on sentiment returned after positive developments on the US-China trade negotiations as well as signals from the central bank of a pause in monetary easing.
China Bank net profit rises
CHINA BANKING Corp. (China Bank) posted double-digit net income growth in the first quarter on the back of its strong core businesses.
PSBank earnings down 5.1% in Q1
PHILIPPINE SAVINGS Bank (PSBank) booked a lower net income in the first quarter as it set aside more loan provisions.
Hindsight is 2020
By Benel D. Lagua
I have looked forward to 2020 for about three years as it was my forecasted early retirement year. For someone who has been in the work force for around four decades, idea of letting go and taking care of a travel bucket list was enthralling. My plans were meticulous to include advance airfare and hotel bookings to ensure cost savings. Likewise, in a number of cases, the reservations were on a confirmed and nonrefundable basis.