Peso drops on weak GDP report
THE PESO declined against the dollar anew on Thursday following weaker-than-expected Philippine growth data released yesterday.
Yields on 7-day deposits drop as demand surges
BANKS FAVORED week-long term deposits this week, resulting in a sustained decline in yields for these papers despite an uptrend seen for longer tenors.
BoJ keeps policy steady, trims inflation outlook
THE BANK of Japan (BoJ) left monetary policy unchanged as it cut its inflation outlook once again, underscoring how far away its price target is and how few options the central bank has for drawing closer.
Gov’t considering bailout for Hanjin
THE GOVERNMENT may help save the troubled Hanjin Heavy Industries and Construction Philippines (HHIC-Phil) through a bailout via a white knight to be assisted by the state, Budget Secretary Benjamin E. Diokno said on Wednesday.
US Federal Reserve’s jumbled talk leaves balance-sheet message in ‘disarray’
THE FEDERAL RESERVE’S best laid plan for a below-the-radar rundown of its $4.1 trillion balance sheet has gone awry.
Peso rebounds ahead of GDP
THE PESO recovered against the dollar on Thursday from a one-month low the previous session following a negative development in US-China trade talks and amid market optimism due ahead of the release of the Philippine economic growth data.
Gov’t fully awards fresh 20-year bonds
THE GOVERNMENT raised P20 billion via fresh 20-year Treasury bonds (T-bond) it auctioned off on Tuesday due to strong demand as investors continue to park their funds in longer-dated securities amid easing inflation expectations at home and economic developments abroad.
Moody’s Investors Service affirms credit ratings for BDO, Metrobank
MOODY’S INVESTORS Service kept its credit ratings for BDO Unibank, Inc. and Metropolitan Bank & Trust Co. (Metrobank), vouching for their sound footing despite loan defaults from an embattled Korean shipbuilder.
RCBC raises P15 billion from green bond offering
RIZAL COMMERCIAL Banking Corp. (RCBC) has completed the public offering of its local currency green bonds, raising P15 billion to support environmental and climate projects.
Peso weakens further on fears of slowdown in global growth
THE PESO declined anew against the dollar on Tuesday, touching the P53-per-dollar level intraday, amid persistent safe-haven demand following the downward revision of the International Monetary Fund’s (IMF) global growth forecast.
Gov’t partially awards T-bill offer
THE GOVERNMENT made a partial award of the Treasury bills (T-bill) it auctioned off yesterday amid robust demand for the longest tenor, as it opened its tap and over the counter (OTC) facilities to accommodate more bids.
IC defers implementation of IFRS 17 by another year
THE INSURANCE Commission (IC) has deferred by another year the implementation of new accounting rules for life and non-life insurers to give these firms more time to comply.