Treasury rejects all bids for 10-year bonds
THE GOVERNMENT rejected all bids for the 10-year Treasury bonds (T-bond) it offered yesterday as investors demanded higher rates ahead of the June inflation print.
Robinsons Bank to open more branches
ROBINSONS BANK Corp. is set to open more branches this year as it intends to expand its market reach.
Fed minutes could offer clues on rate hike limits
A DISCUSSION about how high US interest rates should go in this tightening cycle could feature prominently in the release of minutes later this week of the Federal Reserve’s June 12-13 policy meeting.
China pushes back against yuan slide, pledges stability
CHINA will keep the currency stable at an equilibrium level, and the central bank will maintain a prudent, neutral policy stance, according to People’s Bank of China (PBoC) Governor Yi Gang.
Peso up ahead of inflation report
THE PESO rebounded slightly on Tuesday as the market waits for the release of local inflation data and as the dollar weakened due to positive developments in Germany.
Gov’t borrows P11.9B via Treasury bills
THE GOVERNMENT opted for a partial award of the Treasury bills (T-bills) on offer yesterday as yields on the longer tenors rose, with the market pricing in their expectations on inflation and of another rate hike from the central bank.
PHL banks to favor digitalization over mergers or acquisitions for expansion
PHILIPPINE BANKS are less likely to explore mergers as they now favor digitalization in their bid to expand their client base, a credit analyst said.
Bank of Makati posts P507-M income in Q1
BANK OF MAKATI (A Savings Bank), Inc. (BMI) netted P507 million in the first three months of the year buoyed by loans for motorcycles and by small businesses.
More lenders expected to use InstaPay platform
PHILIPPINE PAYMENTS Management, Inc. (PPMI) expects more lenders to start using automated clearing house InstaPay to spur more digital transactions in the country.
Peso weakens anew on concerns over trade war, positive US data
THE PESO weakened anew on Monday as the dollar strengthened due to lingering trade war concerns and following upbeat personal consumption data in the United States.
Demand for T-bills, bonds to ease
YIELDS ON government securities on offer this week will likely move sideways on weak demand as the market waits for the release of inflation data expected to show a further acceleration in price increases.
OFB may start share sales by 2019
THE GOVERNMENT may start selling shares of the Overseas Filipino Bank (OFB) in 2019 to aid in setting up its digital banking system, the Department of Finance (DoF) said.