PBCom gets BSP nod for P5-billion LTNCDs
THE PHILIPPINE Bank of Communications (PBCom) received central bank approval to issue P5 billion worth of long-term negotiable certificates of deposit (LTNCD) to strengthen its long-term funding.
Clear but adaptive regulations on blockchain sought
REGULATORS should adopt a clear but adaptive set of rules on the use of blockchain, industry experts said, with the Philippines currently well-positioned to be a global leader in adopting the new technology.
Peso up on higher inflation estimate
THE PESO strengthened against the dollar on Tuesday to a seven-week high as the central bank said inflation likely quickened further last month.
UnionBank Q2 net profit falls over 17% as fee income drops
UNION BANK of the Philippines, Inc. said net profit fell in the second quarter following a decline in its “other” income.
Robinsons Bank sees loan growth slowing
ROBINSONS BANK expects lending growth to ease this year, and is now recalibrating loan margins for a higher interest-rate environment.
T-bill rates rise ahead of policy meeting; P15B fully awarded
THE government fully awarded the Treasury bills (T-bill) it offered Monday, with rates climbing across the board, with investors expecting another monetary policy tightening from the Philippine and US central banks.
DBP to offer free advisory services to MSME clients
THE DEVELOPMENT Bank of the Philippines (DBP) will provide micro, small, and medium enterprises (MSMEs) greater access to financing, including free financial advisory services, the Department of Finance (DoF) said.
Peso higher vs dollar amid stock investment inflows, BSP rate remarks
THE PESO strengthened further against the dollar on Monday on the back of equity flows and hawkish statements from the Bangko Sentral ng Pilipinas (BSP).
Treasury bills, 20-year T-bonds expected to fetch higher rates
GOVERNMENT SECURITIES on offer this week will likely fetch higher rates, with the Bureau of the Treasury (BTr) expected to reject all bids for the 20-year papers, as investors continue to wait for the local central bank to raise interest rates anew.
Banks given two months to gear up for InstaPay
BANKS are given two months to get their online platforms ready to do real-time fund transfers under InstaPay, an industry official said, with only nine banks currently offering the full service.
Peso to drop on strong US data
THE PESO will likely weaken this week as the dollar is seen to strengthen on the back of the upbeat US economic data as well as a likely hawkish statement out of the policy meeting of the Federal Reserve.
Monetary Board orders closure of Bangko Buena
THE MONETARY BOARD has shuttered a rural bank based in Iloilo, marking the fifth lender to fold this year.