Some analysts see Fed halting balance sheet drawdown on rate turbulence
SOME Wall Street analysts now believe the US Federal Reserve will pull the plug on its long-running effort to shrink its balance sheet at...
BSP streamlines prudential regulations for Islamic banking sector
THE BANGKO SENTRAL ng Pilipinas (BSP) has streamlined its guidelines covering the establishment of Islamic banks and banking units to help support the sector’s...
GSIS appoints new board members
THE GOVERNMENT Service Insurance System (GSIS) has appointed new trustees to its governing board following the resignation of three members who had called on...
EastWest Bank partners with AutoDeal for auto financing
EAST WEST Banking Corp. (EastWest Bank) has partnered with automotive marketplace AutoDeal to help speed up the auto financing process for its customers.
Under the...
Government fully awards T-bills as demand surges
THE BUREAU of the Treasury fully awarded Treasury bills at an auction on Monday as investors flocked to short-term debt amid expectations of further interest rate cuts from the Bangko Sentral ng Pilipinas (BSP) and US Federal Reserve.
BSP rate cut to spur holiday spending and loan demand, says TransUnion
THE BANGKO SENTRAL ng Pilipinas’ latest interest rate cut is expected to boost consumer spending and lending activity during the holiday season, TransUnion Philippines said on Monday.
Peso weakens after narrower BoP surplus
THE PHILIPPINE PESO weakened slightly against the dollar on Monday as investors digested the country’s narrower balance of payment (BoP) surplus, renewed global growth...
StanChart grants $75-M social loan to Asialink Group
STANDARD CHARTERED PLC (StanChart) on Monday signed a $75-million social financing deal with Asialink Group, marking a milestone that could expand the local lender’s...
UnionBank OKs resignation of 3 senior officers
UNION BANK of the Philippines (UnionBank) on Monday said it has accepted the resignation of three assistant vice-presidents from its consumer banking group, marking...
Debt yields seen mixed on BSP, Fed rate cut cues
RATES OF TREASURY BILLS (T-bills) and Treasury bonds (T-bonds) to be auctioned this week are expected to move mixed as investors weigh dovish signals from the Bangko Sentral ng Pilipinas (BSP) and the US Federal Reserve.
BSP debt yields continue to decline
YIELDS on the Bangko Sentral ng Pilipinas’ short-term securities fell further on Friday as investors continued to show strong demand for the central bank’s...
Philippine bond yields slip on BSP easing bets
YIELDS on Philippine government securities fell last week as investors took profits after the Bangko Sentral ng Pilipinas’ (BSP) surprise rate cut and amid expectations of further monetary easing.