Peso strengthens against dollar on continued drop in oil prices
THE PESO strengthened further on Tuesday after continued drop in global oil prices as well as prospects of a gradual reopening of some parts of the US economy.
Treasury raises P24 billion from T-bills on strong market demand
THE GOVERNMENT upsized its award of Treasury bills (T-bills) on Monday due to strong demand following central bank’s remarks on further monetary easing and the Treasury’s announcement of a dollar bond issue.
UnionBank net income climbs 22% in 1st quarter
UNIONBANK OF THE Philippines, Inc. booked a higher net profit in the first three months of the year amid better revenues and higher net interest income.
Liquidity growth slows in February amid outbreak
MONEY SUPPLY growth in February slowed, with markets already factoring in the possible impact of the coronavirus disease 2019 (COVID-19) on the economy.
Peso strengthens vs dollar
THE peso strengthened on Monday on positive market sentiment as there were fewer new cases of coronavirus disease 2019 (COVID-19) in some countries and as investors await further aid for businesses amid the pandemic.
T-bill, T-bond rates likely to drop
RATES OF government securities on offer this week will likely decline on strong demand following the central bank’s liquidity boost.
Yields on gov’t debt fall
YIELDS ON government securities (GS) fell last week as investors continued to digest the Bangko Sentral ng Pilipinas’ (BSP) off-cycle half-percentage-point interest rate cut.
Peso expected to weaken on volatile oil prices
THE PESO may weaken this week amid continued volatility in global oil prices due to the coronavirus disease 2019 (COVID-19).
Banks keep lending standards unchanged in Q1
MOST BANKS kept their lending criteria for businesses and households unchanged in the first quarter, according to the Bangko Sentral ng Pilipinas (BSP).
BDO books lower net income in Q1
BDO Unibank Inc. saw its net profit decline to P8.8 billion in the first quarter, as weak capital markets hit the bank’s investment portfolio.
COVID-19 concerns to fuel rise in insurance demand — Pru Life
INSURANCE POLICIES may see higher demand, with people becoming more health conscious due to the coronavirus disease 2019 (COVID-19), according to Pru Life UK Philippines.
Peso weakens as gov’t extends lockdown
THE PESO weakened on Friday as the market opted for safe haven assets after the announcement of the extension of the lockdown to contain the spread of coronavirus disease 2019 (COVID-19).