BPI Family Savings raises P9.6B from bond offering
BPI FAMILY Savings Bank (BFSB) raised P9.6 billion from its maiden bond issuance, with the offer oversubscribed by more than four times.
Indian central bank sees room for further easing
INDIA’S CENTRAL BANK Governor Shaktikanta Das said there’s more room for easing monetary policy, but a lot depends on how these actions are timed.
Reliance on OFW remittances grows
LOW-INCOME Filipino migrants send remittances that are more than twice the monthly household income their families earn at home, a study found, causing their beneficiaries to have a tendency to “over-depend” on them.
Riksbank in focus as it normalizes rates
THE WORLD’S oldest central bank stands to be the most significant this month as it pioneers a shift away from negative interest rates.
Bank of Japan seen staying on hold this week after Abe stimulus — survey
THE Bank of Japan (BoJ) will leave monetary policy unchanged this week, and probably for much longer, after Prime Minister Shinzo Abe unveiled a stimulus package to bolster growth, according to a Bloomberg survey.
Masayoshi Son’s Japanese bankers worried about their favorite client
MASAYOSHI SON’S Japanese bankers are taking a hard look at their most important client.
Peso inches up on US-China trade deal
THE PESO ended sideways on Monday as the market awaits clearer details from the “phase one” deal between the US and China and as investors close their books for the year.
PHL banks seen to face risks from growing SME, retail loan portfolio
PHILIPPINE BANKS may have to face risks that come from the uptick in the share of retail and SME (small and medium-sized enterprises) loans, according to Moody’s Investors Service.
Gov’t securities rally on expectations of BSP cut
LAST WEEK saw yields on government securities (GS) move south almost across-the-board, with investors taking their cue from a statement by Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno saying the central bank may consider cutting rates by about 50 basis points (bps) next year.
Peso to rise further on OFW remittances
THE PESO is expected to further strengthen this week as more remittances come in, with the Christmas season coming closer.
A decade of trying and yuan still building its profile
OUT OF THE depths of a global credit crisis that showcased an outsized role for the US dollar, Chinese policy makers forged a plan to raise the profile and influence of their own currency. That hasn’t panned out so well, and the coming decade may see yet new headwinds.
SoftBank’s China strategy wobbles as key bets disappoint
HONG KONG/BEIJING -- For SoftBank Group, Inc., financial technology firm OneConnect’s initial public offering (IPO) should have been a vindication of an aggressive China investing strategy.