Peso weakens on Fed remarks
THE PESO weakened against the dollar following less dovish remarks from US central bank officials.
Gov’t makes full award of T-bills as rates drop
THE GOVERNMENT fully awarded the Treasury bills (T-bill) on offer yesterday, with rates slipping across all tenors as market participants await the trade meeting between the United States and China later this week.
Hanjin creditor banks eyeing shipyard’s sale, shares in parent to recoup funds
THE FIVE local banks exposed to the troubled Hanjin Heavy Industries and Construction Philippines (HHIC-Phil) are exploring a two-pronged approach to recoup their funds, an official from Rizal Commercial Banking Corp. (RCBC) said.
FWD Group in talks to buy MetLife Hong Kong
FWD GROUP is in advanced talks to buy MetLife Inc.’s Hong Kong insurance unit in what would be the latest in a string of acquisitions by the insurer backed by billionaire Richard Li, people familiar with the matter said.
BoJ debated cost of easing in clarifying rate guidance
TOKYO — Bank of Japan (BoJ) policy makers debated the need to be vigilant over the rising cost of prolonged monetary easing when they adopted in April a pledge to keep ultra-low interest rates for at least a year, minutes of their rate review showed.
PHL urged to use fintech to lower remittance costs
THE PHILIPPINES must take steps to make remittances more efficient, even as financial technology has improved in the country, money transfer solutions company Ripple said.
Peso rises further versus dollar as US imposes new sanctions on Iran
THE PESO rose further to hit a fresh one-year high on Tuesday as the dollar remained weak due to tensions between the United States and Iran.
BPI establishes green finance framework
BANK OF THE Philippine Islands (BPI) has established a green finance framework to serve as a basis for future fund-raising activities for environmental projects.
ECB may pacify doves with a cut or easing guidance by end-September
BENGALURU — By the end of September, the European Central Bank (ECB) will either cut its deposit rate or ease its forward guidance further by pledging to keep interest rates lower for longer, according to a majority of economists in a Reuters poll.
PSBank launches PaSend
PHILIPPINE SAVINGS Bank (PSBank) launched a fund transfer service that allows clients to withdraw money via automated teller machines (ATM) even without a card, in a bid to service Filipinos without bank accounts.
BoT seen holding key rate despite flagging growth
BANGKOK — Thailand’s central bank is expected to keep its benchmark policy rate steady on Wednesday for a fourth straight meeting, a Reuters poll showed, despite slowing growth and the way many Asian central banks have shifted toward easing policy.
Peso climbs to new one-year high
THE PESO strengthened further against the dollar to hit a fresh one-year high on market optimism ahead of the trade negotiations between the United States and China.