Yields on gov’t debt drop
YIELDS on government securities (GS) moved sideways last week as investors reacted to the stronger peso and financial market developments abroad.
Liquidity growth picks up slightly
By Melissa Luz T. Lopez, Senior Reporter
MONEY SUPPLY grew faster in May even as growth in bank lending eased, the Bangko Sentral ng Pilipinas...
Net liability position improves in Q1
A DECLINE in liabilities, coupled with a rise in assets, caused the country’s international investment position (IIP) to improve as of March, the central bank said.
SSS collections up 7.64% in Q1
THE SOCIAL Security System (SSS) collected more contributions from its members in the first quarter, boosting the pension fund’s revenues.
Peso rebounds amid lingering overseas concerns
THE PESO strengthened versus the dollar on Friday to log its best showing in a week, as market players unwound their long positions and amid disappointing economic data in the United States.
Robinsons Bank offering LTNCDs
ROBINSONS BANK Corp. has started its offer of long-term negotiable certificates of deposit (LTNCD), which it plans to list on July 16.
MCBL launches dollar VUL fund
MANULIFE China Bank Life Assurance Corp. (MCBL) has launched a financial product combining insurance coverage and investment yields.
BSP warns vs fake papers
THE BANGKO SENTRAL ng Pilipinas (BSP) has issued a warning against fake loan documents being peddled by scammers, saying these are not guaranteed by the central bank.
Breached!
By Flor G. Tarriela
No one is safe from cyber attacks nowadays. The frequency and the leveling up in terms of sophistication are rising. In fact, it’s no longer a question if your system will be hacked but more on when it will be hacked. The important thing is, how soon do you know that your company system has been hacked? Is your company prepared?
Peso slips to new low
THE PESO weakened anew on Thursday, slipping to a fresh 12-year low, as the dollar went up amid renewed trade war concerns.
TDF yields climb after BSP hike
YIELDS ON term deposits surged yesterday as banks took advantage of the higher interest rates set by the central bank, with appetite still skewed towards the shortest tenor.
Trade gap, inflation to push local currency past P54:$1
THE PESO could weaken further to breach the P54 level against the dollar this year amid a persistent trade gap and faster inflation, analysts at BMI Research said, with recent rate hikes still not enough to keep the currency competitive.