Yields on gov’t debt go up on US GDP, Fed remarks
UPWARD REVISIONS in US growth data pushed yields of local government securities (GS) north last week, coupled with hawkish comments by Federal Reserve officials...
Peso seen sideways on mixed signals from US
THE PESO may move sideways versus the dollar this week as mixed key US economic developments may fail to give concrete details on the...
FCDU loans surge in Q1 amid strong demand
FOREIGN CURRENCY loans granted by Philippine banks surged as the year opened to outpace the increase in dollar deposits, which helped export firms recover...
PHL a net gainer from weak currency
A WEAKER PESO is not expected to significantly dent the government’s fiscal position as gains in import revenues outpace foreign debt servicing, leaving a...
Money supply grows 11.3%, bank lending up 18.7% in May
MORE FUNDS circulated in the economy in May, with money supply sustaining its double-digit growth and bank lending also growing at a similar pace,...
Peso claws back losses
THE PESO finished the week stronger against the greenback despite hitting fresh multi-year lows in intraday trade due to robust US economic growth.
The local...
Home prices edge up in first quarter — BSP
By Janine Marie D. Soliman
HOUSING PRICES saw an uptick in the first three months of the year, after more Filipinos acquired loans for homes,...
China’s bitcoin exchanges to charge trading fees
CHINA’S three largest bitcoin exchanges, whose activities have drawn increased scrutiny from the central bank, said they will begin charging trading fees effective Tuesday.
BTCC,...
UnionBank sees strong profit growth
ABOITIZ-LED Union Bank of the Philippines, Inc. (UnionBank) expects its overall growth for 2016 to beat 2015’s performance with the lender’s bottom line in...
Security Bank’s lending business likely to sustain expansion in 2017
SECURITY BANK Corp. (Security Bank) is looking to sustain the growth in its lending business at around 20% this year to accommodate borrowers in...
Peso continues to strengthen as Trump speech sinks greenback
THE PESO extended its climb against the dollar yesterday as market players decided not to buy the greenback after the new US President failed...
Gov’t infrastructure push attracts foreign banks
FOREIGN BANKS entering the Philippines are looking to ride on the government’s infrastructure push as they expand their presence here, a central bank official...