Curing the 3rd telco’s defects
By J. Albert Gamboa
BEFORE adjourning for a three-month recess, the Senate approved a concurrent House of Representatives resolution that effectively paves the way for a third major telecommunications player to operate in the Philippines.
Peso drops ahead of BSP
THE PESO weakened a tad against the dollar on Thursday as investors awaited the result of the central bank’s policy meeting.
TDF yields mixed ahead of BSP review
BANKS grew more comfortable about betting on term deposits this week, particularly the one-week tenor, ahead of the central bank’s policy meeting today.
Barclays traders shouted, discussed rate rigging requests for all to hear
THERE WAS NOTHING secret or subtle about how traders at Barclays Plc tried to move the bank’s submission to an important benchmark interest rate in a way that helped their own positions, a former trader told a court Tuesday.
ECB sees no urgent need to offer long-term loans
EUROPEAN Central Bank (ECB) officials see no urgent need to offer new long-term loans to banks and aren’t certain to do so at their next policy meeting in March, according to people familiar with the matter.
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Peso climbs ahead of BSP meet
THE PESO recovered against the dollar on Wednesday ahead of likely upbeat signals from the central bank’s monetary policy meeting.
Central bank to set standard for payments via QR code by June
THE CENTRAL BANK is looking to set a standard for quick response (QR) code payments by June, with the regulator eyeing two options for the new e-payment platform.
Deutsche Bank may cut bonuses
DEUTSCHE BANK AG may cut bonuses if its revenue fails to grow, Chief Financial Officer James von Moltke said on Monday.
DBP hits depositor goal ahead of 2022 target
DEVELOPMENT BANK of the Philippines (DBP) has already exceeded its target of broadening its deposit base last year as it looks to include more Filipinos into the formal financial system.
Reserve Bank of Australia stays calm as shoppers go missing, global risks rise
SYDNEY — Australia’s central bank warned of risks to growth on Tuesday but wrongfooted rate bears by steering clear from an explicit easing signal, even as data showed shoppers slashed spending during Christmas in another sign of cooling economic momentum.
Gov’t fully awards T-bills as demand stays strong
THE GOVERNMENT raised P20 billion in fresh funds from Treasury bills (T-bill) yesterday, with rates sliding across all tenors, as investors expect inflation to decelerate in January.