EastWest Bank raises P2.45B via LTNCDs
EAST WEST Banking Corp. (EastWest Bank) has raised P2.45 billion from the first tranche of its long-term negotiable certificates of deposit (LTNCD) program, which will support its funding needs.
Creativity — talent or skill?
By Reynaldo C. Lugtu, Jr.
THE debate on whether artificial intelligence (AI) will replace human jobs or not is heating up. While the World Economic Forum (WEF) predicts that five million jobs will be lost by 2020 because of automation, other experts prognosticate that more jobs will be created than destroyed.
Peso drops ahead of likely Fed hike
THE PESO dropped against the dollar on Thursday as investors took positions ahead of a possible interest rate hike from the US central bank.
Yields on term deposits climb to fresh highs amid strong demand
YIELDS ON term deposits offered by the central bank soared to fresh highs yesterday, as demand for shorter maturities surged ahead of the upcoming holidays.
China’s central bank injects net 203.5 billion yuan with hefty one-year MLF rollover
SHANGHAI — China’s central bank lent 463 billion yuan ($72.43 billion) to financial institutions on Wednesday via its 1-year medium-term lending facility (MLF), with interest rates unchanged, it said in a statement.
Peso strengthens ahead of US data
THE PESO strengthened anew on Wednesday as the dollar slipped due to the stronger euro and ahead of the release of US trade balance data.
BSP sticks to June 30 deadline for banks’ EMV shift
THE CENTRAL BANK will stick to its June 30 deadline for all banks to shift to microchip-based cards and terminals to elevate security standards.
LANDBANK expects to sign SPA for stake in bourse this week
THE LAND BANK of the Philippines (LANDBANK) expects to ink the share purchase agreement (SPA) with the Philippine Stock Exchange (PSE) for the sale of its stake in the country’s fixed income-bourse this week.
PSBank looks to use proceeds of planned LTNCD sale to expand consumer segment
PHILIPPINE SAVINGS Bank (PSBank) said it will raise funds through long-term negotiable certificates of time deposit (LTNCD) to expand its consumer banking segment.
Rajan sees EM stress but no danger for Asia
EMERGING MARKETS will face stress as they cope with a stronger dollar and rising interest rates but Asia appears to be insulated, for now, according to Raghuram Rajan, former governor of the Reserve Bank of India (RBI).
Peso goes up vs dollar on May inflation report
THE PESO strengthened against the dollar on Tuesday following the slower-than-expected inflation print for May.
Gov’t partially awards T-bills as rates rise
THE GOVERNMENT partially awarded the Treasury bills (T-bill) it offered on Monday, with yields declining on the shorter end as investors continue to prefer securities that mature faster.