People’s Bank of China says initial coin offerings illegal
CHINA’S central bank said that initial coin offerings (ICO) are illegal and have asked all related fund-raising activity to be halted immediately, according to...
T-bond rates to move sideways
YIELDS on Treasury bonds (T-bonds) on offer tomorrow may move sideways, with demand to remain healthy on the back of ample liquidity, amid geopolitical concerns offshore.
The...
Peso expected to climb on weak US jobs report
THE PESO will likely trade higher against the dollar this week on the back of softer-than-expected US labor data and ahead of the European...
Yields on gov’t debt drop
By Christine J.S. Castañeda,
Researcher
YIELDS on government securities (GS) traded in the secondary market went down last week amid Bangko Sentral ng Pilipinas’ (BSP) decision...
Liquidity, credit growth pick up in July
By Melissa Luz T. Lopez,
Senior Reporter
MORE MONEY circulated in the economy in July as bank lending grew by a fifth, the Bangko Sentral ng...
Pag-IBIG Fund exceeds cash loan target in first half as takeouts rise
STATE-RUN Pag-IBIG Fund saw a climb in its cash loan takeout in the first six months of the year, breaching its target for the...
Peso declines further on US GDP data
THE PESO finished the week lower against the dollar yesterday amid a quiet trading session due to upward-revised US economic growth in the second...
PDIC to auction off land
THE Philippine Deposit Insurance Corp. (PDIC) will be auctioning off parcels of land from around Luzon cumulatively worth P105.6 million, with the proceeds to...
BDO to issue dollar notes
BDO UNIBANK, Inc. (BDO) will issue $700 million in debt for its second drawdown under its dollar-denominated medium term note program, with the transaction...
Subverting the national interest
J. Albert Gamboa
DUMAGUETE CITY — Located near the southern tip of Negros Island, this city is a leading educational center in the Visayas. In 2014, it...
BSP trims 28-day term deposit offer volume on weak demand
By Melissa Luz T. Lopez,
Senior Reporter
THE CENTRAL BANK has trimmed the weekly term deposit auction volume for September after demand for month-long tenor consistently...
BDO’s dollar notes given investment grade rating
DOLLAR NOTES to be floated by BDO Unibank, Inc. fetched investment grade status from Moody’s Investors Service, on the back of the lender’s stable...