Trump considers Cohn, Yellen for Fed chair job
PRESIDENT Donald J. Trump said he may reappoint Federal Reserve Chair Janet Yellen to a second term at the helm of the US central...
Peso drops on strong US data ahead of Fed decision
THE PESO weakened anew versus the dollar on Wednesday due to upbeat US economic reports and as investors stayed on the sidelines ahead of...
UCPB to open branches on Saturday ahead of non-EMV cards’ deactivation
THE United Coconut Planters Bank (UCPB) will give its clients more time to claim their microchip-enabled cards, extending its operations on Saturday, July 29.
The...
BSP pushes for charter changes
THE CENTRAL BANK batted for expanded powers anew to include the authority to secure data even from non-supervised financial players and to regulate all...
Gov’t rejects bids for 20-year bonds as rates rise
THE GOVERNMENT rejected all bids for the reissued 20-year Treasury bonds (T-bond) it auctioned off yesterday due to weak investor demand amid offshore uncertainties...
BSP reminds banks on controls vs operation risk
By Melissa Luz T. Lopez,Senior Reporter
THE CENTRAL BANK will be reminding financial firms of existing rules on employee rotation and internal checks and balances, in light of a P900-million...
Peso strengthens ahead of Fed decision
THE PESO recovered yesterday to a near two-week high as investors grew optimistic following the better-than-expected outcome of President Rodrigo R. Duterte’s latest State...
BPI merges thrift banks into new microfinance subsidiary
AYALA-LED Bank of the Philippine Islands (BPI) has rolled out BPI Direct BanKo, Inc. (BanKo), its microfinance subsidiary, in a bid to tap the...
Bank of Japan policy makers contest disclosure of QE exit strategy impact
TOKYO -- Bank of Japan (BoJ) policy makers contested how much information to disclose about a possible exit from quantitative easing (QE), with several...
BSP to hold rates despite faster growth in credit, money supply
By Melissa Luz T. Lopez,
Senior Reporter
THE CENTRAL BANK would not have to tighten interest rates amid sustained double-digit growth in money supply and bank...
Fed now faces prospect of global tightening
WASHINGTON -- Prospects for tighter monetary policy in Europe and other countries could pose a fresh problem for the Federal Reserve when it meets...
Peso weakens ahead of SONA, Fed policy meet
THE PESO opened the week lower versus the greenback on Monday as market players stayed on the sidelines ahead of President Rodrigo R. Duterte’s...
