Repo market blowup fueled by big banks and hedge funds, BIS says
THE SEPTEMBER MAYHEM in the US repo market suggests there’s a structural problem in this vital corner of finance and the incident wasn’t just a temporary hiccup, according to a new analysis from the Bank for International Settlements (BIS).
DBP may raise 20% of capital stock through planned listing
DEVELOPMENT Bank of the Philippines (DBP) is studying the possibility of raising 20% of its capital stock from its proposed initial public offering (IPO) under planned changes to its charter, its top official said.
Fed policymakers see rates staying high for ‘some time’
U.S. Federal Reserve officials say that monetary policy will need to stay restrictive for "some time" to bring inflation back down to the Fed's...
Why strategy alone fails
By Reynaldo C. Lugtu, Jr.
The recent admission by President Ferdinand Marcos, Jr. that the K-to-12 program failed to deliver on its promises speaks volumes about a deeper problem...
Redeveloping the Lion City’s tourism hub
By J. Albert Gamboa
SENTOSA ISLAND — Located off the southern coast of Singapore, this popular tourist destination opened in 1975 and is currently undergoing redevelopment along with nearby Pulau Brani Island in a mega-project whose long-term transformation blueprint was unveiled by national planners in 2019.
Treasury bills partially awarded as rates rise ahead of BSP meet
THE GOVERNMENT partially awarded the Treasury bills (T-bills) it offered on Monday, rejecting all bids for the shortest tenor, as the market awaits the policy decision of the local central bank.
SC orders BankCom to restore deposits of clients defrauded by its former employee
THE SUPREME COURT (SC) has ordered Bank of Commerce (BankCom) to restore its clients’ deposits worth P2.14 million and $14,149.39 with 12% interest and pay P150,000 in moral and exemplary damages due to a fraudulent scheme offered by a former employee.
Gov’t readies offshore bond issuance
THE BUREAU of the Treasury (BTr) is readying an issuance of offshore bonds but will wait for more favorable market conditions amid elevated US...
Peso seen to move sideways on holiday spending
THE PESO is expected to move sideways this week on the further increase of holiday spending, especially as trading reaches the tail-end of the...
Yields on gov’t debt drop
YIELDS ON government securities (GS) ended mixed last week after the Bangko Sentral ng Pilipinas (BSP) unveiled a series of monetary stimulus to arrest the economic fallout wreaked by the coronavirus disease 2019 (COVID-19).
Peso weakens further vs dollar
THE PESO weakened further on Tuesday as the war in Eastern Europe continues, with Russia threatening retaliation for sanctions imposed by Western economies.
Yields on gov’t debt drop
YIELDS on government securities (GS) moved sideways last week as investors reacted to the stronger peso and financial market developments abroad.