Treasury bill rates to end mixed
RATES OF THE Treasury bills (T-bill) on offer today will likely end mixed as market participants await the first policy meeting of the US central bank.
Debt yields drop on GDP
YIELDS ON government securities (GS) fell slightly following data showing slower Philippine economic growth.
Peso to rise ahead of Fed review
THE PESO is seen to strengthen against the dollar this week as market players expect the US Federal Reserve to keep its benchmark rates unchanged.
BSP says Cebuana Lhuillier data breach ‘contained’
THE DATA BREACH involving Cebuana Lhuillier (CL) appears to be “contained,” a central bank official said, amid investigations into the leak that affected around 900,000 customers.
PNB looking to raise P100 billion via bonds
PHILIPPINE National Bank (PNB) plans to raise as much as P100 billion in fresh capital through several bond offerings this year.
PBB hikes capital stock by P10 billion
PHILIPPINE Business Bank (PBB) will infuse P10 billion in additional capital to expand its operations, it announced on Friday, which follows its buyout of a rural lender.
Peso rebounds, tracking Asian currencies
THE PESO recovered on Friday to log its best showing in a week, tracking other currencies in the region that strengthened versus the dollar.
Peso seen to strengthen this year on easing inflation expectations
THE PESO is seen to strengthen against the dollar this year propelled by declining crude prices and decelerating domestic inflation, a foreign exchange research firm said.
AMLC gives non-bank firms leeway to join online system
THE ANTI-MONEY Laundering Council (AMLC) has given non-bank financial firms more time to comply with requirements to get aboard its online submission portal.
BPI seals IT services agreement with IBM
BANK OF THE Philippine Islands (BPI) signed a $260-million services agreement with IBM, providing the lender information technology (IT) infrastructure services in line with its digital transformation agenda.
IC allows Nat Re to continue operations for two years
THE NATIONAL Reinsurance Corp. of the Philippines (Nat Re) was allowed by the Insurance Commission (IC) to continue its operations for another two years.
More bank offices built in towns, cities in 2018
MORE TOWNS in the Philippines had bank offices in 2018, with the central bank seeing further room to widen financial access through basic deposit accounts.