Economists see RRR cuts as inflation eases
THE CENTRAL BANK may now proceed with planned cuts in bank reserves next year as inflation is sure to go down, bank analysts said.
Peso plunges to one-month low on BSP decision
THE PESO slipped to a one-month low on Friday, reacting to the central bank’s decision to keep rates steady and as the dollar picked up across the board in reaction to events in China and Europe.
UnionBank shifts to corporate bonds for fund raising
UNIONBANK of the Philippines, Inc. will no longer tap its long-term negotiable certificates of deposit (LTNCD) program as the lender can now raise fresh funds through corporate bond issuances.
RCBC Bankard to grow card base
RIZAL COMMERCIAL Banking Corp.’s (RCBC) credit card arm RCBC Bankard Services Corp. is eyeing to grow its card base next year as it continues to expand its digital channels.
Food safety
By Benel D. Lagua
MY BROTHER Bong has just returned from the USA and immediately he made sure he had a fill of the many Filipino food that he has missed. After just a few weeks, he complained of stomach sickness which led to a discussion on comparative food safety practices.
Peso strengthens ahead of BSP decision
THE PESO continued to strengthen against the dollar on Thursday as market participants awaited the policy decision of the local central bank.
Demand for term deposits surges
DEMAND FOR term deposits soared this week, with players crowding the one-week tenor ahead of the central bank’s rate-setting meeting.
Gov’t raises another P2.5B in bonds via tap facility
THE GOVERNMENT raised another P2.47 billion via the seven-year bonds on Tuesday after it opened its tap facility to accommodate excess demand from investors.
Inflation seen staying above target next year
INFLATION will likely remain above target in 2019, a global bank said, which will prompt further rate hikes from the Bangko Sentral ng Pilipinas (BSP) to keep local yields competitive.
Big money stays away as bitcoin changes
LONDON — Bitcoin’s value has plunged by three-quarters this year, sending the original and biggest cryptocurrency back to levels not seen before its bubble. And price isn’t the only aspect of trading that has changed.
Peso rises amid volatile trading
THE PESO strengthened further against the dollar on Wednesday as trading remained volatile amid geopolitical and economic concerns here and abroad.
Gov’t raises P15B from seven-year bonds at auction
THE GOVERNMENT raised another P15 billion from its auction of Treasury bonds (T-bonds) yesterday, and decided to shore up more funds by opening a tap facility for the fourth straight week.