Peso expected to move sideways amid rising geopolitical tensions
THE PESO will likely move sideways against the dollar this week due to escalating geopolitical tensions abroad amid upbeat economic developments in the US.
Last...
PNB gets SGX approval for term note program
PHILIPPINE National Bank (PNB) has secured approval from the Singapore Stock Exchange (SGX) for the listing of its $1-billion medium-term note (MTN) issuance.
The Tan-led...
Peso climbs amid continued overseas tensions
THE PESO strengthened against the dollar on Friday on the back of a slightly weaker dollar amid continued geopolitical tensions abroad.
The local currency closed...
Metrobank raises P60B from SRO
METROPOLITAN BANK & Trust Co. (Metrobank) has completed its stock rights offer (SRO), raising P60 billion to fund its business operations and expansion.
In a...
Insurance Commission approves Fullerton Health’s PHL market entry
THE Insurance Commission (IC) has approved Singapore-based Fullerton Health Philippines Pte. Ltd. acquisition of two licensed health maintenance organizations (HMO).
The IC said in a...
Inflation expectations driving higher bids under TDF
EXPECTATIONS of rising inflation and rising global yields are prompting banks to seek bigger margins for term deposits despite abundant money supply, a central...
Philippine banks to remain strong — BMI
By Melissa Luz T. Lopez
Senior Reporter
PHILIPPINE BANKS are broadly expected to remain strong this year, BMI Research said, but could see a bigger share...
Reassessing our landscape
By Flor G. Tarriela
With 2018’s first quarter over, Ricky Cebrero, PNB Treasury Head gave an assessment of what may be in store and strengthened our insights on...
Peso weakens anew amid rising tensions in US, China, Russia
THE PESO weakened anew against the dollar on Thursday as it traded within range due to continued geopolitical tensions abroad.
The local currency ended yesterday’s...
Gov’t raises P7.9B from bonds
THE GOVERNMENT raised P7.932 billion worth of fresh seven-year Treasury bonds (T-bonds) yesterday as yields spiked amid concerns over rate hikes here and in...
PHL to face third round of evaluation on anti-money laundering safeguards
THE PHILIPPINES will undergo a third evaluation process to assess its compliance with global standards on safeguards against dirty money, the Anti-Money Laundering Council...
Demand shifts to BSP deposit facility’s longer tenors
By Melissa Luz T. Lopez
Senior Reporter
DEMAND for term deposits shifted towards longer tenors this week, pushing yields higher for some tenors as banks wanted...