Bangko Sentral trims next week’s term deposit offer due to holidays
By Melissa Luz T. Lopez, Senior Reporter
THE CENTRAL BANK has trimmed the volume for next week’s term deposit auctions, in anticipation of upcoming holidays...
BPI Direct BanKo targets 200 branches by yearend
BPI DIRECT BANKO, Inc., the microfinance unit of Bank of the Philippine Islands (BPI), targets to have 200 branches at the end of the...
Future-proofing Philippines, Inc.
By Marivic Espano
‘Tis the season for job hunting again, so expect the number of job seekers to swell once more. More so this year, as the...
Peso weakens as stocks sink to new low intraday
THE PESO weakened against the dollar on Thursday as the local bourse dropped intraday.
The local currency ended at P52.10 versus the greenback, three centavos...
Market expects rate hike in May — DBS
By Melissa Luz T. Lopez, Senior Reporter
MARKET participants are pricing in a rate hike from the Bangko Sentral ng Pilipinas (BSP) next month, analysts...
Asian currencies tread water; yuan down after RRR cut
MOST EMERGING Asian currencies were kept in check on Wednesday, as the dollar gained on firm US economic data and as US-China trade risks...
TDF auction mixed as demand rises for seven-day instrument
TERM DEPOSITS were mixed during yesterday’s auction as market participants favored the week-long tenor, which came amid a steeper climb in rates compared to...
Peso weakens on US housing data amid easing Korean tensions
THE PESO weakened slightly against the dollar on Wednesday on the back of strong US housing data as well as easing geopolitical tensions on...
Gov’t raises P10B from 10-year T-bonds
THE GOVERNMENT raised P10 billion worth of reissued 10-year Treasury bonds (T-bonds) Tuesday, Apr. 17 as demand for the long-dated tenor recovered amid persistent...
Clarida picked as Fed vice-chair; Powell’s inner circle takes shape
US PRESIDENT Donald Trump announced his intention to nominate Richard Clarida, a respected monetary economist and Pacific Investment Management Co. global strategic adviser, as...
Barclays sounds out clients on trading cryptocurrencies
BARCLAYS PLC has been gauging clients’ interest in the British bank starting a cryptocurrency trading desk, potentially joining Goldman Sachs Group Inc. in pioneering...
Peso climbs on data
THE PESO strengthened slightly against the dollar on Tuesday as the pair traded sideways on the back of strong data from the US and...