BSP net income surges to P17.55B at end-April
THE CENTRAL BANK saw its net profit surge nearly sixfold in April as it collected bigger interest incomes and trimmed operating costs.
Yields on gov’t debt climb
YIELDS on government securities (GS) traded in the secondary market went up slightly last week over Philippine and US inflation results and “lingering” trade tensions between the United States and China.
Peso seen moving sideways
THE PESO is seen to move sideways against the dollar this week ahead of likely mixed economic data in the US as well as key summits abroad.
BSP asks NBI’s help in search for fake money peddlers
THE BANGKO SENTRAL ng Pilipinas (BSP) has tapped the National Bureau of Investigation (NBI) for a crackdown on peddlers of fake money on social media.
Peso slips amid lack of leads
THE PESO traded sideways versus the dollar on Friday, moving in sync with regional currencies due to a lack of leads.
China Bank raises P10.25 billion from LTNCD offer
CHINA BANKING Corp. (China Bank) raised P10.25 billion from its long-term negotiable certificates of deposit (LTNCD), which it wants to use to stabilize its cost of funding and expand its business.
Insurance industry mostly unaffected by inflation’s rise
THE INSURANCE industry is unfazed by high inflation in the second quarter, the Insurance Commission (IC) said, as it hopes to sustain double-digit growth figures.
Bond giants’ $100-billion bet on growth not paying off amid uncertainties
THE LUMINARIES of high finance have staked more than $100 billion in one of the boldest bond bets of the post-crisis era: That a global economy firing on all cylinders would spur government yields in the West and boost emerging-market credits.
Peso ends flat following positive US data, renewed trade tensions
THE PESO ended flat against the dollar on Thursday following upbeat US producer price data and renewed trade tensions between China and the US.
Yields on BSP’s term deposits inch lower
YIELDS on term deposits inched lower yesterday as market players swarmed the central bank’s offering with overwhelming bids across all tenors.
Credit Information Corp. not keen on naming more accessing entities
STATE-RUN Credit Information Corp. (CIC) is reluctant to accredit more credit bureaus as Filipinos’ access to formal lending institutions remains low.
Citi gears up for investment surge with new China desk
HONG KONG — Citigroup Inc. will set up a China business desk in India within the year betting on a pickup in investment flows within the Asian region, its Asia-Pacific corporate banking head said, as concerns grow about the impact of a Sino-US trade war.