Postbank conversion up for President’s OK
THE CONVERSION of the state-run Philippine Postal Savings Bank (Postbank) to a bank specialized for overseas Filipinos is currently awaiting the President’s approval, the...
Peso weakens on Fed
THE PESO weakened anew yesterday to return to the P51 level as hawkish statements from the United States Federal Reserve boosted the dollar.
The local...
Energy and infrastructure
Flor G. Tarriela
At the successful 2nd Annual Philippines Energy and Infrastructure Forum held recently sponsored by PNB Capital, BPI Capital and PJS Law, topics included the...
Yields on term deposits flat on muted demand
By Melissa Luz T. Lopez,
Senior Reporter
YIELDS stood steady amid pale demand during the central bank’s auction of term deposits yesterday, with bids failing to...
Manulife’s trust company rolls out three new UITFs
MANULIFE Asset Management and Trust Corp. has rolled out three unit investment trust fund (UITF) facilities to Filipino clients, in line with the global...
Peso slips ahead of Fed decision
THE PESO weakened versus the dollar yesterday, with the sideways move ending a two-day rally amid market cautiousness ahead of the results of a...
China’s under-the-radar bond boom may be next risk target as sales rise
CHINA’S riskiest borrowers are ramping up sales of short-term dollar debt again, reigniting speculation the authorities will clamp down on what has become a...
EU looking to propose stronger monitoring of UK financial firms after Brexit
BRUSSELS — The European Commission was set to propose later on Wednesday stricter controls of foreign financial firms that do business in the European...
MassMutual Life sees ‘tremendous’ Asia opportunity with Yunfeng deal
MASSACHUSETTS Mutual Life Insurance Co. Chief Executive Officer Roger Crandall said there’s room for more growth in Asia after his firm acquired a stake...
Gov’t fully awards 10-year T-bonds as rates drop
By Melissa Luz T. Lopez,
Senior Reporter
THE GOVERNMENT raised P15 billion worth of reissued 10-year Treasury bonds (T-bonds) yesterday on the back of strong market...
Peso climbs to one-week high ahead of Federal Reserve, BSP
THE PESO picked up versus the dollar for the second straight session yesterday to its best showing in over a week, benefiting from risk-on...
A winning bearish dollar bet: local currency emerging market bonds
NEW YORK — One of the best strategies to cash in on the dollar’s slide since Donald Trump’s election victory is a rather exotic...