Gov’t makes full award of T-bills
THE GOVERNMENT made a full award of the Treasury bills (T-bills) it auctioned off on Monday even as rates climbed across all tenors as some investors believe inflation has already peaked.
BSP eyes new clearing house for bills payments
THE BANGKO Sentral ng Pilipinas (BSP) is eyeing to roll out another clearing house meant to process bills payment transactions online, as they see a strong push from the retail space.
PHL insurance gap at $4.9 billion
THE PHILIPPINES is one of the countries with the largest insurance gap even as the country is susceptible to natural disasters and effects of climate change, a report from Lloyd’s said.
Goldman Sachs changes Asia investment banking leadership
HONG KONG — Goldman Sachs Group Inc. has named veteran banker Todd Leland as its investment banking head for Asia Pacific excluding Japan, according to an internal memo seen by Reuters, adding to leadership changes at the bank with CEO David Solomon taking over this month.
Peso weakens on geopolitical concerns
THE PESO weakened against the dollar on Monday due to safe-haven demand amid lingering geopolitical concerns in the European Union (EU).
Rates of T-bills, bonds to climb
RATES of government securities on offer this week will likely climb anew amid weak demand as investors await possible policy tightening moves from the local and US central banks.
Bank economists flag upside inflation risks
BANK ECONOMISTS expect inflation to remain elevated during the last three months of 2018, with some noting that prices may surge faster by yearend.
Peso to move sideways on mixed leads
THE PESO will likely move sideways against the dollar this week amid mixed economic and political signals abroad.
FATF to set first rules on cryptocurrencies
PARIS — The global watchdog for money laundering will set up its first rules on oversight of cryptocurrencies by June, a major step towards creating international standards for an asset currently subject to patchy regulations.
FX purchases still require forms despite liberalized rules − BSP
ALL PURCHASES of foreign currency should still come with corresponding application forms to be submitted to the Bangko Sentral ng Pilipinas (BSP), the regulator clarified, even as it is easing rules on such transactions.
Lingering price concerns push up gov’t debt yields
YIELDS ON government securities went up last week as investors stayed defensive due to inflation concerns.
BSP to require banks to report glitches within two hours
BANKS and other financial firms will soon be required to report cyber attacks and similar technology-related glitches within two hours, following the approval of new rules by the central bank.