Korean bonds to stay strong amid rate bets
ANY RATE HIKE by the Bank of Korea (BoK) will probably be one and done for the year, and shouldn’t impact investor demand for government bonds, according to the country’s second-largest asset manager.
PSBank to decide on home loans in a day
PHILIPPINE SAVINGS Bank (PSBank) said decisions on home loan applications will now take just one day for the purchase of condominium units and properties from selected developers.
Peso down as inflation data fuel views of hike
THE PESO weakened against the dollar on Tuesday following the faster-than-expected July inflation print which supported views of another rate hike from the central bank.
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.