BoP gap widens in June
THE COUNTRY saw more dollar outflows in June to post the widest gap in over a year, the Bangko Sentral ng Pilipinas (BSP) reported yesterday.
Metrobank posts higher Q2 net income
METROPOLITAN BANK & Trust Co. (Metrobank) posted a higher net income in the second quarter on the back of its robust core business.
BSP hikes signal commitment to price stability
THE CENTRAL BANK flexed its muscle last month through a second tightening move to signal that they wield a firm hand on economic stability, while previously flagged risks have now materialized.
Green financing
By Flor G. Tarriela
What is green finance? Green finance is the financing of investment that encourage the development of a more sustainable economy. Green finance also refers to financial support for green growth. What is green growth? It is promoting economic growth and development while safeguarding the use of natural resources in a sustainable manner.
Peso slips on Fed rate hike bets
THE PESO weakened against the dollar on Thursday following more hawkish statements from the US Federal Reserve chairman.
Yields on term deposits steady on strong demand
TERM DEPOSITS offered by the Bangko Sentral ng Pilipinas (BSP) continued to receive strong demand this week, keeping yields steady amid strong appetite across all tenors.
Credit data, benchmarking to help SMEs
CREDIT INFORMATION and industry benchmarking can be beneficial for small and medium enterprises (SME) as these can help them obtain access to lending and assess their performance against other industry players, CIBI Information, Inc. said.
Indonesia’s rate hikes not helping rupiah, coconuts
IN INDONESIA, a nation of about 17,000 islands, it’s getting tough to even make a few bucks from a coconut these days.
Yuan to weaken with no set line of defense
CHINA WILL TOLERATE higher volatility in the yuan and a moderate weakening of the currency, according to Pacific Investment Management Co.
Peso declines vs dollar
THE PESO weakened on Wednesday as the dollar gained ground following the upbeat testimony of US Federal Reserve Chair Jerome Powell.
Gov’t rejects all bids for 7-year bonds
THE GOVERNMENT rejected all bids for the reissued seven-year Treasury bonds (T-bonds) it offered on Tuesday as investors demanded higher rates ahead of the August policy meeting of the central bank.
PSBank gets BSP nod for LTNCDs
PHILIPPINE SAVINGS Bank (PSBank) has received regulatory approval to raise up to P15 billion in long-term negotiable certificates of deposit (LTNCD) to expand its consumer banking segment.