Economists divided over unorthodox RBA
ECONOMISTS ARE divided over the likelihood of the Reserve Bank of Australia (RBA) deploying unorthodox policy next year once it runs out of conventional ammunition — though a majority expect it will exhaust interest-rate cuts.
Peso likely to rise on holiday spending
THE PESO will likely strengthen further on the back of remittances for holiday spending and as US President Donald J. Trump said they are close to signing the phase one of Washington’s trade deal with Beijing.
Installment transactions make up more than half of CIC credit data
STATE-RUN Credit Information Corp. (CIC) said installment transactions dominated Filipinos’ credit reports as more than 36 million of the 56 million contract data it gathered had this mode of payment.
Peso weakens as market awaits US-China deal
THE PESO depreciated on Monday as the market waits for the developments in the trade negotiations between the United States and China.
Bangko Sentral requires lenders to disclose strategies for rate risks
THE CENTRAL BANK’S policy-setting body Monetary Board laid out additional disclosures required under the Risk-Based Capital Adequacy Framework for the Philippine Banking System on interest rate risk in the banking book (IRRBB) for both lenders and quasi-banks (QBs).
Yields on local gov’t debt track US Treasuries’ rates
YIELDS on local government securities (GS) traded at the secondary market ended mixed last week as they tracked US Treasuries following the news of an impeachment case against US President Donald J. Trump.
Peso to climb on remittances
THE PESO is expected to rise this week on the back of the strong support from the surge of remittance flows this holiday season.
Bills on rural financing, credit quota for farmers among panel’s priorities
QUIRINO REPRESENTATIVE Junie E. Cua, who is also the chairman of the House Committee on Banks and Financial Intermediaries, said last week that the panel is targeting the swift passage of House Bill (HB) 5618 or the Rural Agricultural and Fisheries Financing Enhancement System Act next year.
BSP fine-tunes rules for pawnshops, FX dealers
THE central bank has revamped registration rules for pawnshops and foreign exchange dealers as part of efforts against money-laundering, according to a memo issued by Deputy Governor Chuchi G. Fonacier.
Peso weakens on potential Trump impeachment
THE peso weakened against the dollar on Friday as worries about the potential impeachment of US President Donald J. Trump haunted the market.
Bill seeks to double deposit insurance
A CONGRESSMAN has filed a bill seeking to double the maximum deposit insurance to P1 million pesos.
Hot money reverses to net outflow in November
MORE FOREIGN CAPITAL left the country than what entered in November, as investors continued to worry about tensions plaguing major economies.