Peso slips on rate cut bets as inflation slows
THE PESO weakened on Thursday despite positive developments regarding the US-China trade war and slower Philippine inflation in August.
Yields on term deposits mixed
YIELDS ON term deposits ended mixed on Wednesday despite strong demand, with investors holding on to their cash as they remained cautious over geopolitical issues.
BPI raises $300 million via ASEAN green bonds
BANK OF THE Philippine Islands (BPI) will issue $300-million in ASEAN green bonds, which will be part of its medium-term note (MTN) program.
RCBC to issue five-year sustainability notes
RIZAL Commercial Banking Corp. (RCBC) will issue dollar-denominated sustainability notes out of its medium-term note (MTN) program, with proceeds to support the bank’s lending business.
BoJ board member calls for preemptive monetary easing
HAKODATE — Bank of Japan (BoJ) board member Goushi Kataoka advocated a preemptive further easing in monetary policy, warning of risks to the inflation outlook and the pain spreading through the economy from the bitter US-China trade war.
Peso climbs on US data
THE PESO recovered versus the dollar on Wednesday following the contraction of the US manufacturing index and amid geopolitical concerns.
Liquidity, lending growth pick up in July
MONEY SUPPLY growth quickened slightly in July even as demand for credit weakened, the Bangko Sentral ng Pilipinas (BSP) reported on Tuesday.
LANDBANK, DBP dividend relief at P15B
THE DEPARTMENT of Finance (DoF) said state-owned Land Bank of the Philippines (LANDBANK) and Development Bank of the Philippines (DBP) will not have to remit around P15 billion to the government following the issuance of an order slashing their dividend rates on Monday.
Large banks’ cartel case inches ahead in Australia
SYDNEY — An Australian magistrate shifted hearings to a larger room as a long-awaited criminal cartel case against Australia and New Zealand Banking Group and the local units of Citigroup and Deutsche Bank inched ahead on Tuesday.
European Central Bank watchers eye France for stimulus hint as policy makers split
ONE INFLUENTIAL European Central Bank (ECB) voice has been notably absent so far in the debate over whether to ramp up stimulus.
BoE eyes reform to make investment more attractive
LONDON — More realistic curbs on investors wanting to pull cash from funds could make investing in infrastructure more attractive and bolster economic growth, a senior Bank of England (BoE) official said on Monday.
Australia holds rate, watches and waits as property jumps
AUSTRALIA’S central bank left policy unchanged as it waits to see how a combination of interest-rate cuts and tax relief impact the economy, with Sydney property prices already showing renewed strength.