Gearing up versus the goliaths
By Melissa Luz T. Lopez,
Senior Reporter
PHILIPPINE BANKS may be easily dwarfed by other Southeast Asian lenders in size.
But what they lack in scale,...
Weak peso? No problem for banks
JUST IN TIME for the holidays, Filipinos working overseas will be sending their hard-earned money back home to their families. Given a “weaker” peso...
Domestic news lifts local financial markets
By Christine Joyce S. Castañeda,
Senior Researcher
LOCAL financial markets performed well for the most part in the third quarter, buoyed by positive news at home...
Outlook still rosy for bank stocks despite slowdown
GROWTH in banking stocks this quarter slowed down compared to the preceding quarter albeit still on a par with expectations, analysts said. They also...
BPI LTNCTD issue expanded to record P12.24-billion
BANK of the Philippine Islands (BPI) listed P12.24 billion worth of long-term notes yesterday, marking the entry of the bank into the fixed income...
Peso weakens amid US rate hike concerns; losses limited by remittances
THE peso closed weaker after the dollar strengthened in Asian trading on concerns US rates may head higher.
The peso closed at P50.72 against the...
Current conditions ‘not yet ripe’ for cut in reserve requirements
By Melissa Luz T. Lopez,
Senior Reporter
CURRENT LIQUIDITY conditions do not make the case for reducing the reserve requirement ratio (RRR) anytime soon, a senior...
China’s $3.4-trillion corporate bond market faces rocky 2018 on deleveraging
CHINA’S deleveraging campaign is finally starting to bite in the nation’s corporate bond market, a shift that will make 2018 a clearer test of...
Peso weakens on dovish Fed
THE PESO failed to sustain its rally against the dollar on Thursday amid the dovish tone of the minutes of the latest US Federal Reserve meeting.
The...
JADAM: Ultra low cost agriculture
Flor G. Tarriela
PHILIPPINE gross domestic product (GDP) increased by 6.9% in the third quarter but agriculture grew at a slower pace at 2.5% verses 3.0% in...
Bids for term deposits drop after RTB auction
By Melissa Luz T. Lopez,
Senior Reporter
TERM DEPOSITS offered by the Bangko Sentral ng Pilipinas (BSP) yesterday saw tepid demand, with banks left with a...
BPI to open more new, refurbished branches
BANK of the Philippine Islands (BPI) is looking into opening new and refurbished branches as it ramps up its presence across the country.
At the...