China’s banks need more capital after credit boom
CHINA’S banks should increase their capital buffers to protect against any sudden economic downturn following a credit boom, the International Monetary Fund (IMF) said.
In...
Modernizing the financial infrastructure
J. Albert Gamboa
LAST WEEK the country hosted the 5th Financial Infrastructure Development Network (FIDN) Conference at the Philippine International Convention Center with the theme of “Leveraging Movable...
BSP ready to use policy toolkit to arrest potential overheating
By Melissa Luz T. Lopez,
Senior Reporter
THE Bangko Sentral ng Pilipinas (BSP) stands ready to deploy an array of tools to dodge potential overheating in...
United Coconut Planters Bank posts higher net income at end-September
UNITED COCONUT Planters Bank (UCPB) saw its net income rise in the first nine months of the year on the back of sustained growth...
Peso extends decline vs dollar
THE PESO plunged against the dollar on Wednesday due to upbeat sentiment on the US tax package and cautiousness over US employment data.
The local...
TDF bids remain weak despite cut in offerings
TERM DEPOSITS offered by the central bank yesterday continued to see tepid demand, settling below the reduced auction volume ahead of an expected rate...
Money supply growth picks up slightly in Oct.
MONEY circulating in the economy grew faster in October despite a slight slowdown in bank lending, the Bangko Sentral ng Pilipinas (BSP) said yesterday.
Domestic...
Gov’t rejects all bids for 10-year bonds
THE GOVERNMENT rejected all bids for the reissued 10-year Treasury bonds (T-bonds) yesterday as inflation eased and with the Treasury still having a solid...
Peso edges higher on profit taking, slower inflation
THE PESO moved sideways against the dollar on Tuesday due to profit taking and as data showed inflation eased last month.
The local currency finished...
Peso weakens on US tax reform
THE PESO traded weaker against the dollar on Monday on the back of the passage of the US tax plan.
The local unit finished at...
Confusion reigns as banks scramble to price FX; bond research under revamp
LONDON — How much are you worth? For the foreign exchange (FX) and bond analysts covering the world’s biggest markets, how much to charge...
Central banks need to ensure tightening cools market froth
LONDON — Major central banks must ensure their efforts to gradually lift interest rates prove effective enough to cool some already “frothy” financial markets,...