China’s $2 trillion of shadow lending turns focus on smaller banks
REGIONAL BANKS in China’s rust-belt provinces are driving the rapid expansion of shadow banking in the country, fueling a web of informal lending that...
Government fully awards T-bills
THE GOVERNMENT made a full award of the Treasury bills (T-bills) it offered on Tuesday after the papers were met by strong demand amid...
Security Bank prepares P20-B LTNCD offering
SECURITY BANK Corp. (Security Bank) is planning to raise P20 billion in fresh funds through the issuance of long-term negotiable certificates of time deposits...
Peso weakens on risk aversion
THE PESO went down against the dollar on Tuesday due to lack of fresh leads and demand for the safe-haven greenback amid rising geopolitical...
Thrift banks’ non-performing loans up
SOURED DEBTS held by thrift banks rose in June to outpace the growth in total loans, latest central bank data showed, even as the...
China mixup shows risk of poor market communication
THE CAPACITY of China’s central bank to surprise markets is so great that, last week, it left investors chewing over whether a data error...
Foreign banks eye PHL presence
By Melissa Luz T. Lopez,
Senior Reporter
AT LEAST two global banks are looking to establish their presence in the Philippines, the central bank chief said,...
Peso to trade sideways ahead of key US reports
THE PESO will likely trade sideways versus the dollar in the coming days after the much-awaited speeches of central bank officials failed to shed...
Planned reserve ratio requirement cut to boost lenders
REDUCING the 20% reserve standard will allow big banks to expand faster with additional funds at its disposal, the head of the Bank of...
Yields on Treasury bills to move sideways amid lack of catalysts
By Janine Marie D. Soliman,
Reporter
YIELDS on Treasury bills (T-bills) on offer tomorrow may move sideways amid the lack of fresh leads offshore and at...
PhilPaSS transactions up
By Melissa Luz T. Lopez,
Senior Reporter
MORE FILIPINOS are tapping formal channels to transact money under the central bank’s payments and settlements system, with total...
IC backs proposed tax cut for non-life sector
THE Insurance Commission (IC) supports the non-life sector’s proposal of trimming taxes imposed on its premiums, with the regulator to submit its stand on...