THE PESO declined against the dollar on Monday as the market is still concerned over trade tensions between the United States and China.

GOVERNMENT SECURITIES on offer this week will likely fetch higher yields amid likely tepid demand from investors following a fresh interest rate hike by the local central bank.

THE PESO is seen to consolidate against the dollar this week due to likely hawkish speeches from some United States central bank officials and following the decision of the local monetary authority to raise interest rates.

STATE-RUN Credit Information Corp. (CIC) has pushed back the launch of the country’s centralized credit information system as it is still ensuring the quality and safety of data.

YIELDS on government securities (GS) traded on the secondary market continued to climb last week following the Bangko Sentral ng Pilipinas’ (BSP) decision to raise interest rates anew amid rising inflation.

BANK of the Philippine Islands (BPI) said it has been authorized by its board to establish an up to $2 billion dollar-denominated medium-term note (MTN) program, with the notes to be listed in Singapore.

ASIA United Bank Corp. (AUB) said it hopes to improve the user experience for its customers with more automation and a push to move services online, especially to mobile.

THE peso rebounded on Friday as the dollar weakened amid continued concerns over the trade dispute between the United States and China.

BANKS will soon have more leeway in acquiring short-term funding from the Bangko Sentral ng Pilipinas (BSP) as the regulator said it will now accept syndicated loans as collateral.

THE BANGKO SENTRAL ng Pilipinas has approved the plan of UnionBank of the Philippines’ savings lending arm to acquire Philippine Resources Savings Bank Corp. (PR Savings) of the Ropali Group.

SINGAPORE is accelerating the shift toward digital payments by pledging to eliminate check usage by 2025 and slash cash withdrawals from automated telling machines.

They are some of the biggest success stories today: Tony Tan Caktiong, the poor boy from China whose small ice cream franchise turned into Jollibee, the world’s fast-rising fastfood superstar; Injap Sia II, self-made billionaire before he turned 40, courtesy of a fastfood chicken barbecue chain called Mang Inasal; and Dennis Uy, another young tycoon from Davao City who is building a vast empire out of Phoenix Petroleum and a diverse range of shipping, logistics, and real estate ventures.