Getting loans still difficult for China’s small firms
BEIJING — Beijing is keen to show results after four rounds of policy easing, so China’s big banks are playing along, highlighting their efforts to boost lending to cash-starved small firms, offering collateral waivers and setting loan targets.
Pag-IBIG’s housing loan disbursements up as of Sept.
STATE-RUN Home Development Mutual Fund (Pag-IBIG Fund) saw its housing loan releases climb in the first nine months of the year, in line with its goal of higher disbursements.
Peso rises to one-month high
THE PESO strengthened to a one-month high on Tuesday as the dollar weakened due to lower-than-expected US retail data and negative sentiment at Wall Street.
Treasury makes partial award of T-bills amid lukewarm demand
THE GOVERNMENT partially awarded the Treasury bills (T-bill) it offered on Monday, rejecting all bids for the shortest tenor amid lukewarm demand, as the market continues to price in the local inflation print for September.
HSBC appoints new president and CEO for PHL
THE HONGKONG and Shanghai Banking Corp. on Monday named a new president and CEO for its Philippine operations after its former chief left the bank to head a local lender.
China Bank, AF Payments ink deal for Beep reloading
CHINA BANKING Corp. (China Bank) said its automated teller machines (ATM) can now be used by its cardholders to top up their “Beep” cards.
Peso climbs on offshore selling
Peso climbs on offshore selling
T-bills seen to fetch higher rates
TREASURY BILLS (T-bill) on offer this week will likely fetch higher rates anew as market players are still pricing in the September inflation print.
BSP sets process for grant of regulatory relief
THE BANGKO SENTRAL ng Pilipinas (BSP) has approved new rules which prescribe a standard process for providing relief to bank branches operating in disaster-stricken areas.
Cashalo on ‘hyper-growth’ mode
MOBILE LENDING platform Cashalo aims to have a million clients by the first half of 2019 as it leverages on technology to reach unbanked and underserved Filipinos.
Yields on gov’t debt go up
YIELDS on government securities (GS) rose last week amid a high September inflation print coupled with negative sentiment on the trade war between US and China.
Peso may weaken on Fed minutes
THE PESO may weaken against the dollar this week as likely hawkish hints from the minutes of the latest US Federal Reserve policy meeting may boost the greenback.