Gov’t makes full award of T-bills as rates decline
THE GOVERNMENT fully awarded the Treasury bills (T-bills) it auctioned off on Monday as rates mostly dropped on strong liquidity and the market’s growing appetite for papers in the short end of the curve.
Firms’ bond issuances seen steady this year
THE BOND MARKET will continue to see an array of issuances this year on the back of strong economic growth prospects, according to a bank executive.
Indonesia pledges steps to shield rupiah from virus
INDONESIA’S CENTRAL BANK is taking “bold” steps to guard the nation’s currency and bonds as mounting concerns about the economic impact of the novel coronavirus epidemic trigger a sell-off by foreign investors.
BSP, Bank Indonesia ink deal on innovation
THE BANGKO SENTRAL ng Pilipinas (BSP) inked a deal with Bank Indonesia to boost their ties in improving payment systems and digital financial innovation.
Peso ends higher ahead of inflation, BSP
THE PESO ended stronger against the dollar on Monday as the market expects a strong inflation reading and a possible rate cut from the central bank on Wednesday.
Treasury bill rates to end mixed ahead of inflation, policy meet
YIELDS ON Treasury bills (T-bills) on offer today will likely end mixed as investors may stay on the sidelines ahead of inflation data due Wednesday and the Monetary Board’s (MB) position on policy rate the following day.
Yields on government debt drop on virus, rate cut bets
YIELDS ON benchmark government securities (GS) dropped last week amid continued concerns on the impact of the novel coronavirus acute respiratory disease (2019-nCoV ARD) on the global economy, dovish statements from the US Federal Reserve and the market’s anticipation of further rate cuts by the Bangko Sentral ng Pilipinas (BSP) this year.
Peso seen to strengthen on possible BSP easing
THE PESO is likely to strengthen this week with a rate cut possibly on the table and with inflation still manageable despite a possible uptick.
Robinsons Bank targets to book P1-B net income
GOKONGWEI-LED Robinsons Bank Corp. is looking to grow its earnings to hit the P1-billion mark this year after ending 2019 with about P700 million in consolidated income, its top official said.
Claims held by non-bank financials rise 14.4% in third quarter
DOMESTIC claims of non-bank financial firms rose in the third quarter of 2019 supported by their investments and loans disbursed to the private sector, according to the Bangko Sentral ng Pilipinas (BSP).
Peso stronger as coronavirus fears recede
THE PESO closed stronger Friday amid perceptions China has taken effective measures to contain the coronavirus outbreak.
At least two lenders looking to set up PHL Islamic banking units
TWO TO THREE banks have expressed interest to set up an Islamic banking unit in the country, according to Bangko Sentral ng Pilipinas Managing Director Arifa A. Ala.