Peso to move sideways vs dollar on mixed US data, PHL inflation
THE PESO is expected to move sideways against the dollar this week amid likely upbeat domestic developments and potentially mixed US data.
Thrift banks to post steady growth this year as headline inflation slows
THE CHAMBER of Thrift Banks (CTB) expects the thrift banking industry to sustain its growth this year given expectations of softening inflation in the coming months, the group’s top official said.
Visco warns of weaker growth, implications for inflation
BANK OF ITALY Governor Ignazio Visco joined his European counterparts in signaling that economic growth will be much weaker than predicted, warning of the implications for euro-area inflation.
More banks open branch-lite units
THE Bangko Sentral ng Pilipinas (BSP) saw lenders put up smaller branches last year, as it hopes improvements in financial inclusion will be achieved with recent regulations that boost account ownership and digital payments.
Peso drops after Wall Street rally
THE peso declined on Friday as the dollar recovered following the Wall Street rally amid the release of upbeat corporate earnings.
Analysts expect Bangko Sentral to cut reserve requirement ratio
More market watchers are growing certain that the Bangko Sentral ng Pilipinas (BSP) will kick off the year with cuts to bank reserves prior to any policy rate adjustments.
Pag-IBIG Fund looking to hike monthly contributions
THE HOME Development Mutual Fund (Pag-IBIG Fund) is considering to increase the monthly contribution share of employees to support growing demand for housing loans projected in the coming years.
Life insurers’ premiums likely grew 17%
THE PHILIPPINE Life Insurance Association, Inc. (PLIA) said gross premiums of the life insurance industry likely grew 17% in 2018 on the back of a growing middle class and rising awareness among Filipinos to get insured.
Racing to reinvent
By J. Albert Gamboa
It’s so easy to get lost in an increasingly digital world we live in nowadays. The average person is bombarded with too much data by too many influencers around us, especially with regard to information communications technology (ICT).
Peso climbs to two-week high as US central bank turns dovish
THE PESO strengthened to hit a two-week high on Thursday, as the dollar weakened after the US central bank sent dovish signals following its first policy meeting of the year, dampening sentiment on the greenback.
Demand for term deposits drops ahead of BSP’s policy meeting
APPETITE FOR term deposits waned yesterday, driving yields up across the board ahead of the central bank’s rate-setting meeting next Thursday.
GSIS sees depletion in fund life due to pending bill
THE GOVERNMENT Service Insurance System (GSIS) said its fund life will be depleted by 12 years should the government enact a bill pending in Congress lowering the optional retirement age for government employees to 56 years.