Global private bank Lombard Odier woos local billionaires
By Melissa Luz T. Lopez
Senior Reporter
There is a huge scope to expand private banking in the Philippines at a time of a rapidly growing...
Yields on gov’t debt go up
YIELDS on government securities (GS) went up last week due to a rate hike in the United States as well as expectations on the outcome of overseas central banks’ policy meetings.
Intervention needed to snap Indian bond cycle
INDIAN BONDS are caught in a vicious cycle and policy makers need to intervene to break that to prevent more losses, according to Nomura...
BPI looks to ramp up digitalization efforts
BANK OF THE Philippine Islands (BPI) is ramping up efforts to digitize its processes and services to support rapid growth and promote financial inclusion.
From wishbone to backbone
By Marivic Españo
Micro, small and medium-sized enterprises (MSMEs) are often called the “backbone of the economy.” After all, they comprised 99.57% of all Philippine establishments as of 2016 and accounted for 25% of the country’s total exports revenue, according to the Department of Trade and Industry.
Peso slips to fresh 12-year low
THE PESO slid to a fresh 12-year low against the dollar on Thursday following the interest rate hike of the US central bank.
Gov’t partially awards seven-year bonds
THE GOVERNMENT made a partial award of reissued seven-year Treasury bonds (T-bonds) on Tuesday even as the rate inched higher as concerns on inflation lingered ahead of the policy meeting of the US central bank.
TDF demand softens
TERM DEPOSITS offered by the central bank saw softer demand this week ahead of the settlement of the government’s latest offering of retail bonds.
UnionBank eyeing to make more branches ‘fully digital’ within the year
UNIONBANK of the Philippines is set to convert more branches into “fully digital” offices this year amid its push to digitize its processes and services.
Peso weakens to hit P53:$1 level
THE PESO plunged on Wednesday, sinking below the P53-per-dollar line to log a new 12-year low ahead of the policy meeting of the US Federal Reserve.
Bitcoin 'whales' pulling cryptocurrency strings
Bitcoin, the star of the cryptocurrency world, is widely seen as a freewheeling tool as open as the internet itself.
But analysts have cast doubt...
Seven-year T-bonds to fetch higher rates
YIELDS on reissued Treasury bonds (T-bonds) on offer today will likely pick up ahead of the policy meeting of the US Federal Reserve.