Money supply growth slows down in April
MONEY SUPPLY continued to grow at the start of the second quarter although slightly slower than the previous month, even as bank lending accelerated, the Bangko Sentral ng Pilipinas (BSP) said in a statement released late Thursday.
BSP moves to tighten cryptocurrency regulations to boost industry, market
MOVES BY THE central bank to tighten regulations for virtual asset service providers will help increase consumer confidence so the local cryptocurrency market can grow further, an industry player said.
Two entities barred from securing money service business licenses
THE BANGKO SENTRAL ng Pilipinas (BSP) has disqualified two firms from securing a money service business (MSB) licenses after they were found operating as...
Yields on gov’t debt drop on Fed bets
YIELDS on government securities (GS) went down last week as the market expects slower interest rate increases from the US Federal Reserve.
BDO Unibank partners with Bank of Fukuoka
BDO UNIBANK, Inc. has partnered with a Japanese regional bank to help Japanese firms enter the Philippine market.
Peso may strengthen as market awaits Fed move
THE PESO may appreciate slightly versus the dollar this week as market players expect the US Federal Reserve to keep rates unchanged.
The local unit...
Bank of Japan to stand pat despite trade war and dovish Fed outlook
TOKYO — The Bank of Japan (BoJ) is expected to maintain its massive stimulus program on Thursday and signal its readiness to ramp up monetary support if growing risks such as the escalating US-China trade war threaten the economy’s modest expansion.
Peso drops as Fed considers tapering its asset purchases
THE PESO continued to weaken against the greenback on Thursday after the US Federal Reserve policy makers signaled their openness to discussing tapering its asset purchases.
Treasuries threat looms as taper tantrum memories linger in Asia
HONG KONG/MUMBAI -- When 10-year Treasury yields jumped to three percent back in 2013 after then Federal Reserve Chairman Ben Bernanke signaled an end...
Peso may trade sideways versus dollar as markets await US data
THE PHILIPPINE peso could trade sideways against the dollar this week as the market awaits US labor data that could dictate the US Federal Reserve’s next policy move.
Peso likely to weaken on US-China trade tensions
THE PESO will likely weaken against the dollar this week following escalating trade tensions between China and the United States.
Ant Financial-backed start-up rides Indonesian fintech wave
DANA, a fintech start-up backed by Ant Financial, is scouting for another strategic investor to help it snag more of the nation’s 150 million smartphone users.