Peso seen to move sideways vs dollar
THE PESO is seen to trade sideways this week as weaker-than-expected US inflation data keep the market doubtful of a Federal Reserve rate hike...
Banks seen staying strong despite competition
PHILIPPINE BANKS are seen to remain resilient despite increased competition from new foreign players entering the country as the homegrown lenders enjoy the “healthiest”...
Peso rebounds on profit-taking
THE peso rallied on Friday amid profit taking, with the currency touching its high for the year during the session, despite upbeat economic data...
Strong demand for term deposits to continue as BSP lowers volume
By Melissa Luz T. Lopez,
Senior Reporter
BANKS are expected to continue vying for term deposits offered by the Bangko Sentral ng Pilipinas (BSP), a senior...
Home Credit Philippines secures P2.25-B loan
HOME CREDIT Philippines (HCPH) has secured a P2.25-billion loan as it eyes to aggressively expand its lending operations in the Philippines, the company announced...
Peso weakens after Fed minutes
THE PESO slid on Thursday despite the slightly dovish tone of the minutes of the US Federal Reserve’s Sept. 19-20 meeting, with the market buying the...
Digital transformation for sustainable development
Reynaldo C. Lugtu, Jr.
The jampacked room in the Asian Institute of Management (AIM) was in full silence when I slowly highlighted key figures for the Philippines:
• The...
Banks to raise funds via LTNCDs
THE Philippine National Bank (PNB) and Security Bank Corp. will raise fresh funds by offering long-term negotiable certificates of deposit (LTNCD) this month, which...
TDF offers oversubscribed as demand recovers
By Melissa Luz T. Lopez,
Senior Reporter
BANKS swarmed the central bank’s term deposit offerings yesterday, with the overwhelming demand driving yields down from the previous...
Peso rebounds ahead of Fed officials’ statements
THE PESO rebounded on Wednesday, as some traders took profit from the previous day’s trough ahead of key speeches and amid repositioning due to...
Peso hits two-month low
THE PESO dropped on Tuesday to close at its worst in nearly two months due to weaker-than-expected data and strong demand for the dollar.
The...
Banks borrow P133M from Bangko Sentral’s rediscount facility in September
PHILIPPINE BANKS continued to avail of rediscount loans from the Bangko Sentral ng Pilipinas (BSP) in September even as the total amount dropped from...