Peso to move sideways amid ongoing trade tensions
THE PESO will likely move sideways against the dollar this week as investors look at the continuous trade tensions abroad amid strong labor data in the United States.
BSP to set up CSF in Dinagat Islands
THE BANGKO SENTRAL ng Pilipinas (BSP) will open a new credit facility in Dinagat Islands this week, which is expected to help small businesses gain access to bank financing.
Yields on government securities climb as inflation picks up to fresh peak in Aug.
GOVERNMENT securities’ (GS) yields rose across-the-board last week after the release of surprising August inflation print, which could bolster the case for another rate hike by the central bank in its upcoming policy meeting.
Smaller banks ask for more time to build up buffers for new liquidity rules
THE Chamber of Thrift Banks (CTB) urged the Bangko Sentral ng Pilipinas (BSP) to push back the implementation of new liquidity requirements by a year as smaller lenders need more time to build up their capital, a top official said.
DBP books higher net income in first semester
THE Development Bank of the Philippines (DBP) saw its net income rise in the first half of the year supported by its robust lending and deposit businesses.
Peso recovers on hawkish BSP
THE PESO rebounded slightly versus the dollar on Friday, even as it almost hit the P54 level intraday, following the local central bank’s hint of another rate hike this month.
PHL economy seen to withstand further tightening
THE ECONOMY can withstand further policy tightening from the Bangko Sentral ng Pilipinas (BSP), even as it fired off its strongest response in a decade last month, according to the minutes of the Monetary Board meeting.
UnionBank to raise P20 billion via bonds, commercial papers
UNIONBANK of the Philippines is set to raise P20 billion through issuance of peso-denominated debt instruments to raise fresh funds.
Anticipating the future of finance
By J. Albert Gamboa
THE Financial Executives Institute of the Philippines (FINEX) will hold its annual conference on Oct. 12 at the ballroom of Shangri-La at the Fort in Taguig’s Bonifacio Global City.
Peso weakens to near 13-year low
THE PESO weakened against the dollar to a near 13-year low on Thursday amid risk-off sentiment due to continued concern over trade tensions overseas.
TDF rates up as demand weakens
RATES FETCHED for term deposits climbed anew this week as demand dropped from last week to come up short of the total offer following the release of the August inflation print.
CBS, MCBL partner with DepEd on salary loans
CHINA BANK Savings, Inc. (CBS) and Manulife China Bank Life Assurance Corp. (MCBL) are set to provide automatic payroll deduction salary loans that come with free life insurance.