RBI seen holding interest rates as slowdown bites
INDIA’S CENTRAL BANK is expected to keep its benchmark rate at a seven-year low this week amid slowing growth in Asia’s third-largest economy.
With inflation...
UnionBank to issue $1B under MTN program
By Melissa Luz T. Lopez, Senior Reporter
UNIONBANK of the Philippines, Inc. (UnionBank) will soon foray into the global market by issuing foreign currency debt...
Fed eyes rates as asset-price tool in subtle strategy shift
FEDERAL RESERVE policy makers are embarking on a subtle shift in strategy with potentially big implications for investors: using interest rates as a tool...
Peso weakens on Fed rate bets
THE PESO weakened versus the dollar on Monday, moving in sync with regional currencies as higher yields in the United States supported the currency...
Five-year bonds to fetch slightly higher rates amid Fed hike bets
By Melissa Luz T. Lopez,
Senior Reporter
TREASURY BONDS (T-bonds) on offer this week will likely fetch slightly higher yields, reflecting market caution as players await...
Yields on gov’t debt drop
LOCAL GOVERNMENT securities (GS) rallied last week despite continued expectations of another interest rate hike in the US as well as its tax reform...
Peso expected to weaken this week
THE PESO may weaken this week as markets expect hawkish remarks from US Federal Reserve officials to reinforce a December rate hike despite possible...
Why electronic fares will spur cashless payments
By Melissa Luz T. Lopez, Senior Reporter
SINGAPORE — Using electronic fare collection schemes for public transport is the best starting point to introduce contactless payments...
SSS targets charter plenary debates this month
THE Social Security System (SSS) aims to have its proposed charter amendments up for plenary debates in the Senate this month, putting it on...
PHL net external liability widens
THE COUNTRY’S net external liability widened during the second quarter, picking up on the back of investment flows and a weaker peso, the Bangko...
M3 rises 15.4%, lending up 20.4% in August
MONEY supply growth quickened in August – at an annual 15.4% – after bank lending sustained its double-digit pace, the Bangko Sentral ng Pilipinas...
Moody’s flags default risk from retail lending
THE Philippine banking system should be stable over the next 12 to 18 months as banks are strong enough to accommodate “rapid” lending growth,...