Cryptocurrencies to perform worse as they get bigger
LONDON — Cryptocurrencies are not scalable and are more likely to suffer a breakdown in trust and efficiency the greater the number of people using them, the Bank of International Settlements (BIS) said on Sunday in its latest warning about the rise of virtual currencies.
Peso slumps to hit fresh trough
THE PESO slumped further against the dollar on Monday, hitting a fresh low, as trade tensions between the United States and China continued to worry investors.
Bureau of the Treasury raises P8-b in partial T-bill award
The government partially awarded the Treasury bills (T-bills) it offered on Monday, rejecting all bids on the shortest tenor, as the market awaits the...
BSP to open four CSF facilities for SMEs outside Metro Manila
The central bank is looking to open four new credit surety fund (CSF) facilities this year to improve access to credit for small businesses...
T-bill, T-bond rates may ascend ahead of central bank meeting
GOVERNMENT SECURITIES on offer this week will likely fetch higher yields as investors await the policy meeting of the local central bank.
BSP net income surges to P9.82B at end-March
THE BANGKO SENTRAL ng Pilipinas (BSP) saw its bottom line surge fivefold during the first quarter largely on the back of gains from currency trading.
Peso to weaken vs dollar
THE PESO is seen to weaken further against the dollar due to renewed tensions between the United States and China as well as expectations of a less hawkish stance from the local central bank.
Global private bank Lombard Odier woos local billionaires
By Melissa Luz T. Lopez
Senior Reporter
There is a huge scope to expand private banking in the Philippines at a time of a rapidly growing...
Yields on gov’t debt go up
YIELDS on government securities (GS) went up last week due to a rate hike in the United States as well as expectations on the outcome of overseas central banks’ policy meetings.
Intervention needed to snap Indian bond cycle
INDIAN BONDS are caught in a vicious cycle and policy makers need to intervene to break that to prevent more losses, according to Nomura...
BPI looks to ramp up digitalization efforts
BANK OF THE Philippine Islands (BPI) is ramping up efforts to digitize its processes and services to support rapid growth and promote financial inclusion.
From wishbone to backbone
By Marivic Españo
Micro, small and medium-sized enterprises (MSMEs) are often called the “backbone of the economy.” After all, they comprised 99.57% of all Philippine establishments as of 2016 and accounted for 25% of the country’s total exports revenue, according to the Department of Trade and Industry.