Peso strengthens further
THE PESO strengthened further against the dollar on Tuesday as the market stayed on the sidelines ahead of the release of the minutes of the US central bank’s latest policy meeting.
Gov’t fully awards T-bills as rates decline
THE GOVERNMENT made another full award of the Treasury bills (T-bill) it auctioned off on Monday, with yields declining across the board following the announcement of a series of cut in big banks’ reserve requirement ratio (RRR).
Trade war to weigh on Singapore dollar
THE SINGAPORE DOLLAR is poised to weaken further as the escalating trade war between the world’s two largest economies weighs down growth in the export-dependent city-state.
UnionBank starts P3-B bond offer
UNIONBANK OF the Philippines, Inc. is offering about P3 billion in three-year peso-denominated bonds to raise fresh funds for expansion.
Nordic money managers hoard banks amid scandal
THE BIGGEST Nordic asset managers are either holding on to, or increasing, stakes in banks dragged down by vast money laundering scandals.
Peso rebounds on profit taking
THE PESO recovered a tad against the dollar on Monday as banks pocketed profits amid uncertainties on the trade relations between the United States and China.
T-bill rates to go down
RATES OF Treasury bills (T-bill) on offer today will likely slip further across all tenors amid robust demand from investors following the recent cut in banks’ reserve requirements.
Peso to drop on US-China issues
THE PESO is expected to weaken against the dollar this week amid uncertainty over the trade negotiations between the United States and China and following the recent cut in banks’ reserve requirement ratio (RRR).
IC eases risk charges for insurers’ gov’t infrastructure investments
THE INSURANCE Commission (IC) has eased rules for insurance firms’ looking to put funds in infrastructure projects, lowering risk charges for debt and equity investments.
Yields on gov’t debt end flat on RRR cut
YIELDS ON government securities (GS) traded on the secondary market were flat last week amid ahead of the central bank’s decision to cut big banks’ reserve requirements in tranches.
BDO completes sale of 15% stake in rural bank unit ONB
BDO Unibank, Inc. said it completed the sale of a minority stake in its rural banking unit to a Singapore investment firm.
Peso closes at over seven-week low after RRR cuts
THE peso plunged further against the dollar on Friday to its seven-week low, as market participants responded to the 200-basis-point reduction in the reserve requirement ratio (RRR) for big banks.