Peso drops as inflation picks up in June
THE PESO depreciated against the dollar on Thursday as headline inflation for the month of June accelerated to a fresh five-year high.
GSIS evaluating managers for $800-M fund
THE GOVERNMENT Service Insurance System (GSIS) is evaluating the external asset managers that applied to manage $800 million worth of its investments — a move to diversify its funds.
Demand for term deposits soars
DEMAND SOARED for term deposits offered by the central bank this week, accompanied by a surge in yields to hover close to four percent.
RCBC launches online FX trading facility
RIZAL COMMERCIAL Banking Corp. (RCBC) has launched an online platform allowing its clients to buy and sell currencies.
Peso inches up vs dollar
THE PESO strengthened a tad against the dollar on Wednesday as the market looked ahead to the release of local inflation data as well as the minutes of the US Federal Reserve’s June meeting.
Treasury rejects all bids for 10-year bonds
THE GOVERNMENT rejected all bids for the 10-year Treasury bonds (T-bond) it offered yesterday as investors demanded higher rates ahead of the June inflation print.
Robinsons Bank to open more branches
ROBINSONS BANK Corp. is set to open more branches this year as it intends to expand its market reach.
Fed minutes could offer clues on rate hike limits
A DISCUSSION about how high US interest rates should go in this tightening cycle could feature prominently in the release of minutes later this week of the Federal Reserve’s June 12-13 policy meeting.
China pushes back against yuan slide, pledges stability
CHINA will keep the currency stable at an equilibrium level, and the central bank will maintain a prudent, neutral policy stance, according to People’s Bank of China (PBoC) Governor Yi Gang.
Peso up ahead of inflation report
THE PESO rebounded slightly on Tuesday as the market waits for the release of local inflation data and as the dollar weakened due to positive developments in Germany.
Gov’t borrows P11.9B via Treasury bills
THE GOVERNMENT opted for a partial award of the Treasury bills (T-bills) on offer yesterday as yields on the longer tenors rose, with the market pricing in their expectations on inflation and of another rate hike from the central bank.
PHL banks to favor digitalization over mergers or acquisitions for expansion
PHILIPPINE BANKS are less likely to explore mergers as they now favor digitalization in their bid to expand their client base, a credit analyst said.