Peso climbs vs dollar
THE PESO strengthened on Wednesday as the dollar’s ascent against the euro paused and as the local trade data came in stronger than expected.
Bill fortifying SSC, SSS approved at bicam level
THE BILL allowing the Social Security Commission (SSC) to raise pension contributions starting next year hurdled the bicameral conference committee on Tuesday, with Congress fully adopting the Senate’s version.
Gov’t makes partial award of T-bonds as rates surge
THE GOVERNMENT accepted P9.74 billion worth of reissued five-year Treasury bonds (T-bond) yesterday amid tepid demand as investors continued to react to the September inflation print.
Big banks fail to meet required MSME lending
BIG BANKS remained stingy in providing loans to small firms as they continued to miss the mandated credit quotas provided by law, latest data from the Bangko Sentral ng Pilipinas (BSP) showed.
Peso down on risk-off sentiment
THE PESO weakened anew against the dollar on Tuesday as risk-off sentiment prompted investors to shy away from riskier currencies due to the geopolitical tensions overseas.
Gov’t partially awards T-bills as rates rise
THE GOVERNMENT made a partial award of the Treasury bills (T-bill) on offer yesterday as investors priced in the slower-than-expected inflation print for last month.
PBCom raises P2.9B from LTNCDs
PHILIPPINE BANK of Communications (PBCom) raised P2.9 billion from its offer of long-term negotiable certificates of deposit (LTNCD), which will be used to support its long-term funding business.
Decline in Asia dollar bond sales to spill into 2019 on yield woes, volatility
ASIA’S dollar bond sales are set to end 2018 with a whimper after a sizzling start. Next year’s prospects may prove dimmer, bankers and investors say.
Senate OKs bill strengthening SSS
THE SENATE on Monday passed on third and final reading the bill seeking to rationalize and expand the powers of the Social Security Commission (SSC), the governing board of the Social Security System (SSS).
RCBC partners with KB Kookmin Bank
RIZAL Commercial Banking Corp. (RCBC) has partnered with KB Kookmin Bank Korea, which will provide banking services and financial information assistance to Korean and Philippine firms.
Peso inches higher on inflation
THE PESO strengthened against the dollar on Monday as the slower-than-expected September inflation print continued to boost the attractiveness of the local currency.
Rates of T-bills, bonds on offer to climb on faster Sept. inflation
RATES OF government securities on offer this week will likely climb anew, with bids for the five-year Treasury bonds (T-bond) expected to be rejected, as investors price in the elevated September inflation print.