Peso seen to strengthen vs dollar this week
THE PESO is expected to strengthen further this week as the dollar will likely depreciate on expected dovish remarks from Federal Reserve (Fed) officials and potentially weaker US economic data.
Robinsons Bank no longer keen on issuing LTNCDs
ROBINSONS BANK Corp. said it may no longer tap its long-term negotiable certificates of deposit (LTNCD) program, as market players are now interested at parking their funds in shorter-term corporate bonds.
BSP seen keeping rates steady
THE CENTRAL BANK has enough room to keep interest rates steady over the next few months, global banks said in separate reports, noting that attention has shifted to market liquidity now that inflation has slowed.
Peso climbs to three-week high
THE PESO strengthened to a three-week high on Friday, buoyed by cues from the central bank that inflation is on its way down and that dollar reserves have recovered.
Manulife Philippines launches real estate investment product
MANULIFE PHILIPPINES has rolled out a new investment platform which allows Filipino clients to invest in real property across Asia-Pacific, at a time when local real estate investment tools remain scarce.
BSP requires detailed reports on loan, deposit rates
THE CENTRAL BANK will soon require lenders to submit more detailed reports on the interest rates they impose on loans and deposits, which is seen to boost transparency and enhance the regulator’s watch on the market.
UnionBank to roll out first virtual currency ATM
UNIONBANK of the Philippines, Inc. is set to launch the first virtual currency automated teller machine (ATM) in the country, allowing customers to buy and sell digital units for cash.
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.