BSP securities fetch lower rates even as both tenors go undersubscribed
YIELDS on the central bank’s short-term securities dropped on Friday even as both tenors went undersubscribed despite the lower volume offered.
The Bangko Sentral ng...
Empire Insurance officially ceases operations after liquidation
EMPIRE INSURANCE Co. has officially ceased doing business as the Insurance Commission (IC) has completed liquidation proceedings for the nonlife company.
The IC on Aug....
Yields on gov’t debt drop
YIELDS on government securities (GS) mostly went down last week, with the Bangko Sentral ng Pilipinas (BSP) expected to cut rates again on Thursday...
EastWest Bank optimistic on income prospects
EAST WEST Banking Corp. (EastWest Bank) is optimistic that it can post another record net income this year, backed by “healthy” asset and margin...
BMI expects further BSP rate cuts
EASING INFLATION will allow the Bangko Sentral ng Pilipinas (BSP) to slash benchmark borrowing costs further this year to support a slowing economy, Fitch...
Asia’s wealthy investors seek more crypto assets
HONG KONG/SINGAPORE — Wealthy Asian families and family offices are ramping up their cryptocurrency investments, driven by the bullishness around digital assets, increased mainstream...
Delivering on our budgets
By EJ Qua Hiansen
Many of us are initiating or in the midst of budget season, including our National Government. This process concludes later in the year and...
TDF yields end mixed
YIELDS on the term deposits auctioned off by the Bangko Sentral ng Pilipinas (BSP) ended mixed on Wednesday due to weak demand, with both...
PBB to expand consumer lending business as it eyes sustained profitability
PHILIPPINE Business Bank, Inc. (PBB) targets to double its income over the next four years as it looks to grow its consumer business to...
SMFL to buy 30% stake in RCBC leasing arm
SUMITOMO Mitsui Finance and Leasing Co., Ltd. (SMFL) is set to buy a 30% stake in the leasing arm of Rizal Commercial Banking Corp....
Peso jumps before Fed minutes, symposium
THE PESO rebounded against the dollar on Wednesday on expectations of a dovish tone from the minutes of the US Federal Reserve’s July meeting...
Bank Indonesia surprises with interest rate cut
JAKARTA — Indonesia’s central bank cut interest rates again in a surprise move on Wednesday, stepping up support for Southeast Asia’s largest economy against...