Peso weakens further on concerns over Brexit, fresh US-China tariffs
THE PESO extended its losing streak on Tuesday on continued US-China trade war jitters paired with Brexit issues looming anew amid election prospects.
Gov’t makes full award of Treasury bills
THE GOVERNMENT made a full award of the Treasury bills (T-bill) it auctioned off yesterday as yields on the shorter tenors went down following the central bank chief’s comments that the regulator intends to cut benchmark interest rates and banks’ reserve requirement ratio (RRR) again within the year.
SSS salary loan releases reach P19.01B in 1st half
THE SOCIAL Security System (SSS) released some P19.01 billion in salary loans in the first six months, up 8.4% year-on-year.
AUB targets first bond issuance in Q4
ASIA UNITED Bank Corp. (AUB) is targeting to schedule the maiden issue out of its P30-billion bond program next quarter, which will also mark its debut in the onshore bond market.
Pacquiao launches own cryptocurrency tokens
MANILA — Philippine boxing champion Manny Pacquiao launched his very own cryptocurrency on Sunday at a free concert in Manila, where he serenaded more than 2,000 fans to drum up interest in the product.
Great Brexit insurance sector migration shifts $75 billion from London
LONDON’S outsized role in the global insurance industry is being whittled down by Brexit.
Dividend rates of gov’t banks slashed
PRESIDENT RODRIGO R. Duterte has issued an executive order (EO) reducing the dividend rates of Land Bank of the Philippines (LANDBANK) and Development Bank of the Philippines (DBP) to improve the banks’ capital position.
Peso weakens as fresh round of US-China tariffs take effect
THE PESO weakened on Monday as the United States and China kicked off a fresh round of tariffs and with the market expecting slower Philippine inflation in August.
Treasury bill rates may decline slightly
TREASURY BILLS (T-bill) on offer today are expected to fetch slightly lower rates following dovish remarks by the central bank.
Reforms boost PHL banking sector
THE BANKING SECTOR remains robust following “sound and strategic” reforms by the central bank and cooperation from lenders, according to the 2020 Fiscal Risks Statement (FRS) prepared by the Development Budget Coordination Committee.
Peso may strengthen vs dollar on slower Aug. inflation print
THE PESO is likely to perform stronger this week amid expectations of a slower August inflation print.
Julius Baer decides to keep Kairos after strategic review
ZURICH -- Lender Julius Baer has decided to keep its Italian subsidiary Kairos after completing a strategic review and as the asset and wealth manager’s performance improves, Switzerland’s third-largest listed bank said on Friday.