Peso may climb further on market optimism
THE PESO could strengthen this week amid optimism coming from the recently signed sin tax bill.
BPI raises P15.3 billion from bond offer
BANK OF THE Philippine Islands (BPI) raised P15.3 billion in peso-denominated bonds following strong demand, marking its second largest issuance to date in the local debt market.
Banks’ lending standards mostly unchanged in the fourth quarter
MOST LENDERS maintained their overall credit standards for both enterprises and households in the fourth quarter, a Bangko Sentral ng Pilipinas (BSP) survey found.
Moody’s affirms UnionBank’s credit rating
MOODY’S INVESTORS Service has affirmed its investment grade rating UnionBank of the Philippines, Inc., citing the bank’s robust capitalization and large pool of liquid assets.
Peso rises on positive growth prospects
THE PESO strengthened on Friday on the back of continued optimism on the country’s growth prospects and as oil prices fell.
Bill on virtual bank framework targeted to be passed this year
THE BILL which provides a regulatory framework for virtual banks is targeted to be passed this year, according to the senior legislator who filed the legislation.
European Central Bank set to launch review that will redefine its main mission and...
FRANKFURT — European Central Bank (ECB) President Christine Lagarde is set to launch a broad review of its policy on Thursday that is likely to see her redefine the ECB’s main goal and how to achieve it.
CBA’s pension arm hit with class-action lawsuit
COMMONWEALTH BANK of Australia (CBA) said on Thursday a class-action lawsuit was filed against its pension arm, Colonial First State, for allegedly not acting in customers interest for insurance policies.
Bridging the generation gap
By Benel D. Lagua
Baby Boomers versus Millennials. This has been a trending topic lately from print to internet to social media. Ironically speaking, while there’s a miscommunication between these two generations, majority of the millennials are children born and raised by my fellow boomers.
Peso drops on China virus fears
THE PESO WEAKENED on Thursday as investors opted to buy more dollars amid heightened fears of the potential economic impact of the spread of a coronavirus from Wuhan, China.
Yields on term deposits drop on euro bond issue
TERM DEPOSIT yields continued to slip on Wednesday following the government’s issuance of euro-denominated bonds.
AMLC, PAGCOR ink deal on money laundering risks
THE ANTI-MONEY Laundering Council (AMLC) inked deal with the Philippine Amusement and Gaming Corp. (PAGCOR) to tighten their cooperation for its feedback mechanism amid money laundering and terrorism financing risks that come amid the rise in internet-based casinos, casino junkets, as well as Philippine Offshore Gaming Operators (POGOs).