Debt yields end week mixed
YIELDS on government securities (GS) saw mixed movements last week as investors await the central bank’s monetary policy rate action and as the market priced in trade war concerns between the US and China.
Manulife Asset positive on markets, sees inflation as temporary
THE asset management and trust arm of Manufacturers Life Insurance Co. (Phils.), Inc. (Manulife) said it is bullish on the domestic capital markets on the back of sustained economic growth despite headwinds, which it called “transitory.”
Peso weakens ahead of data, monetary policy decision
THE peso declined against the dollar on Friday with market participants awaiting jobs data from the US as well as a slew of Philippine economic data next week.
Security Bank rationalizes branches in digital push
SECURITY BANK Corp. is easing its branch expansion as it rationalizes its existing network amid its digitalization push.
SSS contributions likely rose close to 13% at end-June
THE SOCIAL Security System (SSS) said its contribution collections likely grew by double digits in the first semester.
Fed holds rates steady, on track for hike in Sept.
WASHINGTON — The US Federal Reserve kept interest rates unchanged on Wednesday but characterized the economy as strong, keeping the central bank on track to increase borrowing costs in September.
Tech-propelled growth
By J. Albert Gamboa
SEATTLE — This city is the largest in the state of Washington and the entire Pacific Northwest region of North America. Its metropolitan area encompasses the state’s eight most populous counties, officially defined by the US Census Bureau as the Seattle-Tacoma-Olympia combined statistical area that is home to two-thirds of Washington’s population.
Robinsons Bank income climbs 33.9% in first semester
ROBINSONS BANK Corp. saw its net profit climb in the first half of the year, driven by expansion of its loan book.
Peso slips on hawkish Fed
THE PESO slipped on Thursday, inching back to the P52 level intraday, as tracked the dollar in tight trade due to the hawkish stance of the US central bank.
Yields on term deposits drop as demand shifts to shorter tenors
DEMAND for term deposits shifted towards shorter tenors yesterday, driving yields slightly lower ahead of monetary policy decisions in the United States and in the Philippines.
BDO Leasing posts income decline on higher costs
BDO LEASING and Finance, Inc. saw a decline in its net income in the first half of the year due to higher costs.
S&P sees retail sector helping banks’ growth
S&P GLOBAL Ratings sees opportunity for growth in the Philippine banking sector as lenders continue to expand their retail loan segments.