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.
Debt yields end week mixed
YIELDS on government securities (GS) saw mixed movements last week as investors await the central bank’s monetary policy rate action and as the market priced in trade war concerns between the US and China.
Manulife Asset positive on markets, sees inflation as temporary
THE asset management and trust arm of Manufacturers Life Insurance Co. (Phils.), Inc. (Manulife) said it is bullish on the domestic capital markets on the back of sustained economic growth despite headwinds, which it called “transitory.”
Peso weakens ahead of data, monetary policy decision
THE peso declined against the dollar on Friday with market participants awaiting jobs data from the US as well as a slew of Philippine economic data next week.
Security Bank rationalizes branches in digital push
SECURITY BANK Corp. is easing its branch expansion as it rationalizes its existing network amid its digitalization push.
SSS contributions likely rose close to 13% at end-June
THE SOCIAL Security System (SSS) said its contribution collections likely grew by double digits in the first semester.
Fed holds rates steady, on track for hike in Sept.
WASHINGTON — The US Federal Reserve kept interest rates unchanged on Wednesday but characterized the economy as strong, keeping the central bank on track to increase borrowing costs in September.
Tech-propelled growth
By J. Albert Gamboa
SEATTLE — This city is the largest in the state of Washington and the entire Pacific Northwest region of North America. Its metropolitan area encompasses the state’s eight most populous counties, officially defined by the US Census Bureau as the Seattle-Tacoma-Olympia combined statistical area that is home to two-thirds of Washington’s population.