Treasury bills to fetch flat rates
YIELDS on Treasury bills (T-bills) on offer today are likely to move sideways as market players are expected to park their funds in the...
Expansion of PVB capital stock seen to service more veterans
Expanding the capital stock of the Philippine Veterans Bank (PVB) will allow it to service veterans beyond World War II and their immediate heirs, PVB Chairman and Chief Executive Officer Roberto F. De Ocampo said.
Family lending
By Benel D. Lagua
Seventeen years ago, I wrote about the concept of “Family Loans”, inspired by Robert Merton and Zvi Bodie in their innovative text Finance. Whenever I raise the issue in my Finance classes, I realize the concept can benefit today’s millennials. Allow me to revisit the same topic.
BSP securities fetch lower rates
YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) short-term securities declined further on Friday even as the offer went undersubscribed.
The BSP bills fetched bids...
BSP likely to hold fire on rates — Fitch
THE central bank will likely keep rates steady this week but may still push on with fresh rate hikes by 2019, Fitch Solutions said in a report.
UnionBank raises P18.168B from dual-tranche bonds
UNION BANK of the Philippines, Inc. (UnionBank) has raised P18.168 billion from its offerings of 1.5-year and three-year senior bonds held last month, its...
PDIC resolves more deposit claims, loan accounts in 2021 as process goes online
PHILIPPINE Deposit Insurance Corp. (PDIC) settled 19,184 deposit insurance claims and resolved over 30,000 loan accounts of closed banks in 2021, the Department of Finance (DoF) said in a statement on Tuesday.
Central bank cancels registration of money service business
THE BANGKO SENTRAL ng Pilipinas (BSP) has canceled the registration of a money service business, it said in a statement on Monday.
The BSP said...
DBP expanding retail business in bid to reach out to unbanked
THE Development Bank of the Philippines (DBP) will expand its retail banking business as the lender intends to introduce more unbanked Filipinos to the...
BDO looks to raise at least P5B from sustainability bond issue
BDO UNIBANK, Inc. is looking to raise at least P5 billion from the sale of 1.5-year peso-denominated ASEAN Sustainability Bonds, it said on Monday.
Proceeds...
Bond issuances expected to reach P400B in 2024
THE PHILIPPINE Dealing and Exchange Corp. (PDEx) is expecting bond issuances to reach P400 billion next year amid a large amount of maturities that...
BSP to support the economy for ‘as long as necessary’ — Diokno
THE CENTRAL BANK chief has reiterated the regulator’s commitment to support the economy for “as long as necessary” while maintaining financial stability, but said it has room to address any risks that may result from the unwinding of easy policy in the United States.