Peso weakens anew on fears of growth slowdown due to virus
THE PESO depreciated slightly on Monday following the appreciation of the Chinese yuan and as markets continue to factor in a possible global growth slowdown due to the novel coronavirus outbreak.
Treasury bill rates likely to drop
RATES OF THE Treasury bills (T-bills) on offer today will likely decline slightly following the central bank’s decision to cut policy rates and hints on another reduction by midyear.
Yields on gov’t securities decline on BSP rate cut
YIELDS ON government securities fell almost across-the-board last week following the central bank’s decision to cut benchmark rates by a quarter of a percentage point.
Peso to climb further on US, local data
THE PESO is likely to rise this week with the market anticipating better trade deficit data and with the market factoring in the positive US jobs report released late last week.
BSP extends transition period for foreign banks’ SBL
THE BANGKO SENTRAL ng Pilipinas (BSP) is extending the transitory period of the current basis for the Single Borrower’s Limit (SBL) of foreign bank branches in a move to boost support for the government’s infrastructure projects.
IC issues show cause order vs Prime Care Kaagapay Life Plan
THE INSURANCE Commission (IC) has issued a show cause order against pre-need company Prime Care Kaagapay Life Plan, Inc. (Prime Care Kaagapay) on questions of fraud after bank records did not match the company’s claims.
Banks shun BSP’s rediscount window
BANKS did not tap the rediscount window of the Bangko Sentral ng Pilipinas for the whole month of January.
Peso rises further on rate cut bets
THE PESO strengthened on Friday on prospects of another rate cut this year and amid developments in the trade talks between the world’s two biggest economies.
Pag-IBIG Fund books higher profit
THE HOME Development Mutual Fund (Pag-IBIG Fund) booked a higher income in 2019 on the back of loan payment collections.
Reserve Bank of India keeps rates steady, opens door to more easing
INDIA’S CENTRAL BANK left interest rates unchanged for a second straight meeting, while keeping the door open for more easing to support the economy when inflation eases.
Fedcoin? The US central bank is looking into it
PALO ALTO, Calif. — The Federal Reserve is looking at a broad range of issues around digital payments and currencies, including policy, design and legal considerations around potentially issuing its own digital currency, Governor Lael Brainard said on Wednesday.
UnionBank to raise P5B via notes
UNIONBANK OF THE Philippines, Inc. is seeking to raise P5 billion through unsecured subordinated notes.