US data, tax reform developments push up yields on government debt
YIELDS on local government securities (GS) increased last week amid developments in the US government’s push for further tax cuts, as well as the...
SSS may remove cap on contributions
By Melissa Luz T. Lopez, Senior Reporter
THE Social Security System (SSS) may opt to remove the cap on monthly contributions instead of implementing an...
Peso weakens ahead of US non-farm payrolls data
THE PESO traded weaker against the dollar on Friday amid quiet trading as market players stood cautious ahead of the release of job creation...
Contribution increase ‘last option’ for SSS
DESPITE earlier pronouncements of pushing for a member contribution hike by 2018, the Social Security System (SSS) said this would be its last resort...
Singapore, Thailand weigh alliance in national digital payment systems
SINGAPORE and Thailand are in discussions about connecting their national digital payment systems to forge an unprecedented regional alliance, as officials step up efforts...
Peso slips ahead of jobs report
THE PESO moved sideways versus the dollar yesterday, with market players taking a wait-and-see stance ahead of the release of official jobs data in...
From trams to trains?
J. Albert Gamboa
During a visit to the magnificent city of Prague in the Czech Republic, I stumbled upon a startling piece of information that may provide...
TDF yields mostly steady as demand recovers
By Melissa Luz T. Lopez, Senior Reporter
DEMAND for term deposits recovered yesterday even as bids for the one-month tenor failed to fill the amount...
Fed’s next bank cop seen icebreaker in Basel tiff
BANK REGULATORS worn down after a year of butting heads over new global capital rules see a glimmer of hope emerging in Washington in...
Peso strengthens ahead of Yellen speech, US data
THE PESO appreciated for the second straight session yesterday, supported by strong buying among market players ahead of the release of jobs data in...
Gov’t makes full award of 5-year T-bonds
THE GOVERNMENT raised P15 billion as planned in reissued five-year Treasury bonds (T-bonds) on Tuesday, amid strong appetite for papers at the shorter end.
The...
Wells Fargo bounces back after scandal
WELLS FARGO & Co. Chief Executive Officer Tim Sloan will tell lawmakers that the bank has undergone a dramatic transformation in sales practices and...