Peso climbs ahead of BSP decision
THE PESO strengthened against the dollar on Thursday in anticipation of the Bangko Sentral ng Pilipinas’ (BSP) tightening move.
The peso ended the session at...
Strong demand drives TDF yields down
By Melissa Luz T. Lopez, Senior Reporter
BANKS CROWDED shorter tenors during this week’s auction of term deposits, driving yields down ahead of an expected...
LANDBANK income up 52%
Land Bank of the Philippines (LANDBANK) saw its net income surge in the first quarter, supported by strong growth in loans.
The state-run lender said...
Big banks’ NPLs rise in March
BAD DEBTS held by big banks posted a modest increase in March even as lending surged to hit nearly P8 trillion, latest central bank...
BDO Leasing net earnings decline in first quarter
BDO LEASING and Finance, Inc. (BDO Leasing) saw a decline in its net income in the first quarter amid higher funding costs.
In a disclosure...
Peso drops back to P52:$1 level
THE PESO dropped on Wednesday, retreating to the P52 level, as the dollar strengthened across a band of currencies.
The local currency closed yesterday’s session...
Gov’t raises P10B from 3-year Treasury bonds
THE GOVERNMENT made a full award of reissued three-year Treasury bonds (T-bonds) on Tuesday even as the rate inched higher amid strong market demand.
At...
PNB income up 20% in Q1
PHILIPPINE National Bank (PNB) saw its net profit rise in the first quarter on the back of growth in its core operating revenues.
In a...
S&P Global Ratings ‘optimistic’ on Philippine banks’ growth prospects
By Melissa Luz T. Lopez, Senior Reporter
PHILIPPINE BANKS will benefit from a brighter outlook for the economy, S&P Global Ratings said, with stronger domestic...
Emerging market sell-off has Indonesia in crosshairs
INDONESIA’S market rout shows no signs of abating, with its two-year bonds the latest to be dumped in anticipation that the central bank may...
Peso edges up ahead of BSP meet
THE PESO inched higher against the dollar on Tuesday ahead of the local monetary policy meeting as well as inflation data in the US.
The...
Gov’t makes partial T-bills award
THE GOVERNMENT made a partial award of the Treasury bills (T-bill) it offered on Monday, rejecting bids for the one-year tenor, as investors await...