Toyota Financial Services profit reaches P4.2 billion
CAR LEASING company Toyota Financial Services Philippines Corp. (TFSPH) reported double-digit increases in income and assets as of end-March, driven by a surge in...
UCPB welcomes gov’t plan to sell its stake
THE UNITED Coconut Planters Bank (UCPB) welcomed the government’s plan to push through with the bank’s privatization, saying this would improve its competitiveness.
“This will...
T-bills likely to fetch lower yields
TREASURY BILLS (T-bills) on offer today are expected to fetch lower yields, as strong demand for the shorter-tenored government securities remains amid a looming...
Yields on gov’t debt rise
EXPECTATIONS of another rate hike by the US central bank and geopolitical tensions in East Asia sent market players into a mode of caution,...
Peso seen to depreciate vs US dollar this week
By Melissa Luz T. Lopez,
Senior Reporter
THE PESO could depreciate versus the dollar this week amid renewed bets of a monetary policy hike in the...
Bankers advising Fed board see no Trump bump in bank lending
BANKERS advising the Federal Reserve Board said a lack of follow through in the Trump administration’s economic agenda has resulted in slowing credit demand...
Australia’s 4 largest banks to remove ATM withdrawal fees for all customers
AUSTRALIA’S four largest banks have scrapped cash withdrawal charges for all users, as the banking industry tries to salvage its reputation after a series...
Rate hike to be delayed as inflation remains contained
By Melissa Luz T. Lopez, Senior Reporter
CHANCES of a rate hike from the Bangko Sentral ng Pilipinas (BSP) within the year are diminishing, analysts...
Peso surges amid rising US-North Korea tensions
THE PESO gained strength on Friday to return to the P50 level versus the dollar to its best showing in over a month as...
Current account to end in surplus on recovery of exports, imports
By Melissa Luz T. Lopez,
Senior Reporter
THE PHILIPPINES could see its current account return to a modest surplus on the back of expectations that external...
Postbank conversion up for President’s OK
THE CONVERSION of the state-run Philippine Postal Savings Bank (Postbank) to a bank specialized for overseas Filipinos is currently awaiting the President’s approval, the...
Peso weakens on Fed
THE PESO weakened anew yesterday to return to the P51 level as hawkish statements from the United States Federal Reserve boosted the dollar.
The local...