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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.
BDO raises P35 billion via first tranche of bond program
BDO Unibank, Inc. raised P35 billion through fixed-rate local currency bonds to support its business expansion and to diversify funding sources.
BSP removes higher branch fee for cities
THE CENTRAL BANK has removed higher licensing fees for banks to open new branches within cities in Metro Manila, alongside stringent requirements for granting bank licenses to simplify rules for bank expansions.
Peso slumps on strong US jobs report
THE PESO slumped against the dollar on Monday as the greenback strengthened across the board following upbeat US employment data as well as Wall Street’s rally.
T-bills on offer may fetch lower rates on dovish Fed
YIELDS ON the Treasury bills (T-bill) on offer today are expected to slide after the US central bank signalled a dovish stance on hiking its borrowing costs at its policy review last week.
Yields on gov’t debt drop
YIELDS ON government securities fell last week amid a risk-off tone in the market following dovish sentiments by the US central bank and expectations for the Bangko Sentral ng Pilipinas (BSP) to keep rates steady, with inflation showing signs of slowing.