Peso down as market eyes inflation data

THE PESO weakened against the dollar on Monday as market players anticipate the September inflation print, which is seen to pick up further.

Treasury bill rates likely to go up

RATES of the Treasury bills (T-bill) on offer today will likely climb, with oversubscription in tenders expected, as investors await the local inflation print for September.

Yields on gov’t debt surge on inflation expectations

YIELDS ON government securities surged amid expectations of faster inflation towards yearend after the central bank tightened monetary policy rates by 50 basis points (bp) last Thursday.

Peso seen sideways after BSP hike

THE PESO will likely move sideways against the dollar this week following the aggressive policy tightening of the local central bank and amid trade developments in the United States.

SSS eyes gradual increase in contribution rate

THE SOCIAL Security System is eyeing to increase its monthly contribution rate at a more relaxed pace as it seeks to extend the fund life of the agency, a top official said.

Banks’ FCDU loans drop in Q2

FOREIGN CURRENCY loans granted by banks slid during the second quarter as more businesses settled their dues, the Bangko Sentral ng Pilipinas (BSP) said.

PNB to absorb thrift bank unit PNB Savings

PHILIPPINE National Bank (PNB) said it will consolidate its thrift unit within its commercial bank operation, widening its exposure to retail and small business clients.

UnionBank raises P10 billion from rights offer

UNIONBANK of the Philippines, Inc. said it completed a rights offer, raising P10 billion from shares issued at P62.97, against today’s closing price of P67.

RCBC raises P3.58-B from LTNCD issue

RIZAL Commercial Banking Corp. (RCBC) has raised P3.58 billion from the first tranche of its P20-billion long-term negotiable certificates of deposit (LTNCD) program bolstering its long-term funding base.

SSS extends loan relief for members in calamity areas

THE Social Security System (SSS) said Friday that it has extended its Loan Restructuring Program (LRP) with penalties condoned for another six months, to provide relief to members living in areas affected by recent calamities.

House Islamic banking bill clears committee

A BILL authorizing the Bangko Sentral ng Pilipinas (BSP) to regulate Islamic Banks cleared two House committees, putting the country on track to harmonize rules for the banking segment with oher countries in the region.

Peso stronger after 50-bp BSP rate hike

THE peso strengthened further on Friday even amid a dollar recovery following monetary policy tightening by the Bangko Sentral ng Pilipinas (BSP) and Federal Reserve.