Peso slips on US-China tensions as oil prices creep back up
THE peso weakened Friday on negative market sentiment after a new round of US-China tensions as well as higher oil prices.
Gov’t fully awards 10-year bonds
THE GOVERNMENT made a full award of the reissued Treasury bonds (T-bonds) it offered on Tuesday even as its rate climbed on subdued demand and expectations of quicker inflation.
Yields on gov’t debt end flat
BOND YIELDS moved sideways last week amid auction results, the affirmation of the country’s credit rating and hawkish statements from the Bangko Sentral ng Pilipinas (BSP).
Peso rebounds ahead of BSP meet, US-China talks
THE PESO recovered against the dollar on Thursday as investors await a possible emergency meeting of the local central bank last night and amid the trade talk offer of the United States to China.
Peso weakens further
THE PESO continued to slump against the greenback amid strong appetite for the dollar on the back of positive sentiment from upbeat key US...
Peso climbs to new two-month high on hawkish BSP bets
THE PESO strengthened to a fresh two-month high against the dollar on Tuesday as faster-than-expected July inflation tempered expectations of a rate cut by...
GSIS sees depletion in fund life due to pending bill
THE GOVERNMENT Service Insurance System (GSIS) said its fund life will be depleted by 12 years should the government enact a bill pending in Congress lowering the optional retirement age for government employees to 56 years.
Peso firms week-on-week after Fitch raises outlook
THE peso weakened to P50.56 to the dollar on Friday, though it rode positive sentiment to strengthen week-on-week after a sovereign credit outlook upgrade by Fitch Ratings to “positive” from “stable.”
Court convicts former bank officer for creating fake loans
A FORMER rural bank officer was sentenced to a year of imprisonment for creating fake loan accounts in a financial statement submitted to the...
Peso down due to strong US data ahead of local May inflation print
THE PESO slipped further against the dollar on Monday as local financial markets watch out for the May inflation print.
HK’s overnight borrowing cost falls from 17-year record, easing cash crunch
HONG KONG’S overnight cost of borrowing fell on Wednesday, easing a cash crunch.
The overnight interbank rate, known as Hibor, tumbled 175 basis points (bps)...
Peso rises on lower oil prices
THE PESO strengthened versus the greenback on Wednesday after oil prices slipped anew and with positive market sentiment due to dovish remarks from US officials.