Gov’t fully awards T-bill offering
THE GOVERNMENT made a full award of the Treasury bills (T-bill) it auctioned off on Monday as rates on the longer tenors slipped.
Philippine National Bank posts higher first-half profit as core businesses grow
PHILIPPINE National Bank (PNB) saw its net profit climb in the first half of the year on the back of growth in its total operating income.
Standard Chartered sees BSP hiking rates by 25bps this week
THE CENTRAL BANK may find room to raise rates by just 25 basis points (bp) this week, a bank analyst said, provided it comes with a hawkish statement from policy makers in order to temper further price pressures.
PBB books lower Q2 income
PHILIPPINE BUSINESS Bank (PBB) booked a lower net income in the second quarter due to trading losses.
Peso at two-month high on rate hike bets
THE PESO strengthened against the dollar on Monday to hit a two-month high as market players anticipate a rate hike at the central bank’s meeting this week.
Treasury bill rates seen sideways
YIELDS ON Treasury bills (T-bill) on offer today are seen to move sideways as investors await local economic data to be released later this week.
New reporting standards for banks in effect
NEW REPORTING RULES for banks and financial firms will formally take effect this year, which stand as the equivalent of global standards for pricing financial instruments.
Peso to rise ahead of PHL data
THE PESO will likely strengthen this week ahead of likely upbeat economic reports in the Philippines, boosted by the softer-than-expected jobs data out of the United States.
Monetary Board orders closure of 2 rural banks
THE BANGKO SENTRAL ng Pilipinas (BSP) has shut down two rural banks last week as the regulator cracks down on more problem lenders.
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.