UnionBank sets up blockchain bank network
UNION BANK of the Philippines (UnionBank) is set to launch a clearing system that connects rural banks through blockchain technology.
Dubbed as Project i2i which...
Peso plunges to weakest in nearly 12 years as US-China tensions ease
THE PESO dropped to a near 12-year low on Monday as the dollar strengthened on the back of easing trade tensions between China and...
Shorter tenors to fetch lower rates at auctions
SHORTER-DATED government securities on offer this week are seen to fetch lower yields as investors track the movement of US Treasuries while waiting for...
Chinese retail investors borrow to dominate oil futures market
BEIJING — As 9 p.m. approaches every weekday night in China, a small army of individual investors from around the country log onto trading...
Yields on gov’t debt climb amid sell-off in US bonds
YIELDS rose across the board following a sell-off in US Treasuries (USTs), even as the market is expecting another rate hike from the Bangko...
Peso likely to weaken vs dollar as geopolitical issues continue
THE PESO is seen to inch lower this week as the dollar is expected to “firm up” amid geopolitical concerns abroad.
On Friday, the peso...
Peso falls, rangebound as Treasury yields boost dollar
THE peso weakened against the dollar on Friday as rising Treasury yields boosted the US currency.
The peso closed at P52.33 Friday, six centavos weaker...
BSP tightens capital infusion rules
By Melissa Luz T. Lopez, Senior Reporter
THE CENTRAL BANK has set stricter rules for lenders in choosing strategic investors, as the regulator raised standards...
PSBank income climbs
PHILIPPINE Savings Bank (PSBank) booked a double-digit income growth in the first quarter on the back of strong revenues.
In a disclosure to the local...
Agri-agra reforms pushed
THE CENTRAL BANK is backing proposals to amend a law setting credit quotas for the farming sector amid poor compliance, as it eyes to...
Peso flat amid continued geopolitical tensions
THE PESO strengthened a tad yesterday as the market was cautious over geopolitical concerns involving US, Iran and North Korea ahead of key US...
UK dismisses report that it could stay in customs union after 2021
LONDON — A source in Theresa May’s Downing Street office has dismissed a media report saying that Britain would tell Brussels it was prepared...