Inflation expectations driving higher bids under TDF
EXPECTATIONS of rising inflation and rising global yields are prompting banks to seek bigger margins for term deposits despite abundant money supply, a central...
Philippine banks to remain strong — BMI
By Melissa Luz T. Lopez
Senior Reporter
PHILIPPINE BANKS are broadly expected to remain strong this year, BMI Research said, but could see a bigger share...
Reassessing our landscape
By Flor G. Tarriela
With 2018’s first quarter over, Ricky Cebrero, PNB Treasury Head gave an assessment of what may be in store and strengthened our insights on...
Peso weakens anew amid rising tensions in US, China, Russia
THE PESO weakened anew against the dollar on Thursday as it traded within range due to continued geopolitical tensions abroad.
The local currency ended yesterday’s...
Gov’t raises P7.9B from bonds
THE GOVERNMENT raised P7.932 billion worth of fresh seven-year Treasury bonds (T-bonds) yesterday as yields spiked amid concerns over rate hikes here and in...
PHL to face third round of evaluation on anti-money laundering safeguards
THE PHILIPPINES will undergo a third evaluation process to assess its compliance with global standards on safeguards against dirty money, the Anti-Money Laundering Council...
Demand shifts to BSP deposit facility’s longer tenors
By Melissa Luz T. Lopez
Senior Reporter
DEMAND for term deposits shifted towards longer tenors this week, pushing yields higher for some tenors as banks wanted...
Peso strengthens to P51:$1 level
THE PESO strengthened on Wednesday to return to the P51-per-dollar level following a wider trade deficit seen in February.
The local currency ended yesterday’s session...
Gov’t partially awards T-bills amid uptick in rates
By Karl Angelo N. Vidal
Reporter
THE GOVERNMENT made a partial award of the Treasury bills (T-bill) offered on Monday, rejecting all bids for the longer...
BSP sees drop in peso rediscount facility availment
By Melissa Luz T. Lopez
Senior Reporter
BANKS KEPT availing of rediscount loans from the Bangko Sentral ng Pilipinas (BSP) in March, which went to support...
Security Bank begins P5-B LTNCD offer
SECURITY BANK Corp. on Tuesday said it started to offer at least P5 billion in long-term negotiable certificates of deposit (LTNCD), part of a...
Germany cheers for end to Deutsche Bank’s Goldman Sachs pursuit
DEUTSCHE BANK AG’s management upheaval may be the final blow to the embattled lender’s ambitions to go head-to-head with Goldman Sachs Group Inc. in...