Gov’t rejects all bids for T-bills as yields climb
THE GOVERNMENT rejected all bids at yesterday’s auction of Treasury bills (T-bill) as banks asked for higher returns following growing expectations of a rate...
BDO income up on expansion of core businesses
BDO Unibank, Inc. booked higher earnings in 2017 on the back of strong expansion across its business segments.
In a disclosure to the local bourse...
PSBank books higher earnings
PHILIPPINE Savings Bank (PSBank) saw its net income climb in 2017 on the back of the strong performance of its core revenues.
In a statement...
DBP profit climbs in 2017
DEVELOPMENT Bank of the Philippines (DBP) saw its net income rise in 2017 on the back of steady growth in its loan portfolio.
In a...
Peso goes up on demand
THE PESO strengthened slightly against the dollar on Monday due to demand for the peso ahead of US Federal Reserve Chair Jerome H. Powell’s...
Treasury bills seen to fetch higher yields
YIELDS on Treasury bills (T-bills) on auction today are seen to move sideways following the release of minutes of the January meeting of the...
Yields on gov’t debt rise
By Jochebed B. Gonzales
Senior Researcher
DOMESTIC YIELDS rose, closely tracking the movement of US Treasuries (USTs) even as the national government partially awarded bonds at...
Peso to weaken on Fed officials’ speeches
THE PESO will likely weaken against the dollar this week due to hawkish speeches from US Federal Reserve officials amid generally mixed US economic...
Peso climbs back to P51:$1 level
THE PESO strengthened against the dollar on Friday to return to the P51 level as it continued to correct following its plunge on Monday.
The...
Thrift banks’ NPLs climb in 2017
SOURED DEBTS held by thrift lenders grew by a tenth in 2017 to match the increase in total loans granted from a year ago,...
Batangas rural bank ordered shut
A RURAL BANK in Batangas has been ordered shut by the Bangko Sentral ng Pilipinas (BSP), becoming the second lender to be closed down...
Landbank books higher income
LAND BANK of the Philippines (Landbank) saw its net income grow in 2017 on the back of its robust core revenues.
In a statement sent...