Peso surges to 3-year high on Duterte speech
THE PESO rallied to its best close against the greenback in more than three years following the State of the Nation Address (SONA) of President Rodrigo R. Duterte, which outlined some measures to support economic recovery amid the pandemic.
Gov’t makes full award of T-bills as rates decline
THE GOVERNMENT made a full award of the Treasury bills (T-bills) auctioned off on Monday as rates slipped across-the- board amid strong demand.
BDO swings to net loss in Q2 as it hikes loan loss provisions
BDO UNIBANK, Inc. (BDO) swung to a net loss in the second quarter as it hiked loan loss provisions in anticipation of the impact of the coronavirus disease 2019 (COVID-19) pandemic on its businesses.
UnionBank books lower net profit
UNIONBANK of the Philippines, Inc. booked lower net earnings in the first semester as it continued to build up loan provisions amid the coronavirus disease 2019 (COVID-19) pandemic.
RCBC lists P16-B bonds
RIZAL COMMERCIAL Banking Corp. (RCBC) on Monday listed its recently issued P16.616 billion in two-year bonds meant to support its lending activities and refinance debts at the Philippine Dealing and Exchange Corp.
Germany must toughen audit rules after Wirecard scandal
BERLIN — Germany must toughen its rules for auditing and accounting to prevent another billion-euro scam like the Wirecard scandal, Bundesbank President Jens Weidmann said in a newspaper interview published on Monday.
Peso hits three-year high as dollar weakens
THE PESO closed at a three-year high against the greenback on Monday amid rising coronavirus infections and escalating tensions between Washington and Beijing.
T-bill rates seen easing further
RATES OF Treasury bills (T-bills) on offer on Monday will likely decline as the market continues its flight to safe assets like government securities.
Peso to weaken on rising local coronavirus cases
THE PESO may depreciate this week due to the continued increase in coronavirus disease 2019 (COVID-19) cases, which could dampen sentiment on the local unit.
Gov’t debt yields end flat
YIELDS OF government securities (GS) barely moved last week following the start of the government’s retail Treasury bond (RTB) sale.
BSP launches chatbot for customer concerns
THE Bangko Sentral ng Pilipinas (BSP) has launched a chatbot as part of its Consumer Assistance Management System to help the public with concerns regarding BSP-supervised financial institutions (BSFIs).
Security Bank raises P13.5 billion from expanded 2-year bond issue
Security Bank Corp. said Friday it raised proceeds of P13.5 billion from a bond issue after it had to expand its offering due to...