THE PESO strengthened further against the dollar on Monday on the back of equity flows and hawkish statements from the Bangko Sentral ng Pilipinas (BSP).

GOVERNMENT SECURITIES on offer this week will likely fetch higher rates, with the Bureau of the Treasury (BTr) expected to reject all bids for the 20-year papers, as investors continue to wait for the local central bank to raise interest rates anew.

BANKS are given two months to get their online platforms ready to do real-time fund transfers under InstaPay, an industry official said, with only nine banks currently offering the full service.

THE PESO will likely weaken this week as the dollar is seen to strengthen on the back of the upbeat US economic data as well as a likely hawkish statement out of the policy meeting of the Federal Reserve.

THE MONETARY BOARD has shuttered a rural bank based in Iloilo, marking the fifth lender to fold this year.

EXPECTATIONS of faster economic growth in the US pushed yields on local government securities (GS) north last week, coupled with hawkish comments by the Bangko Sentral ng Pilipinas (BSP) governor that fuelled bets of another rate hike in August.

SY-LED BDO Unibank, Inc. reported a P13.1-billion net income as of end-June, slipping from a year ago amid lower non-interest gains and bigger operating costs.

THE PESO gained strength versus the dollar on Friday, with hawkish remarks from the Bangko Sentral ng Pilipinas (BSP) boosting the currency to a one-month high.

MAJORITY OF Filipinos are now eager to pay electronically, Visa, Inc. said in a report, even as it flagged concerns on connectivity and infrastructure.

THE ASSET MANAGEMENT and trust arm of Manufacturers Life Insurance Co. (Phils.), Inc. (Manulife) launched an equity fund that seeks to invest in Asian companies.

THERE is an impassioned, mostly millennial community that I accidentally discovered online. This is the FIRE community, an acronym for “financial independence, retire early.” As the acronym suggests, the goal of this movement is to gain financial independence, and this means getting away from reliance on paid employment to keep going and retiring early from corporate bondage.

THE PESO depreciated against the dollar on Thursday due to corporate demand following the “favorable” agreement between the United States and the European Union on trade policies.