Gov’t hikes Treasury bill award as rates drop on strong demand
THE GOVERNMENT hiked the volume of Treasury bills (T-bills) it awarded on Monday as rates dropped across the board amid strong demand and steady inflation.
EGov Pay transactions surge by 467% as consumers shift online
EGOV PAY transactions jumped by 467% to over 91,000 at the end of 2021 from just around 16,000 a year earlier, the Bangko Sentral ng Pilipinas (BSP) said on Thursday.
Rates of T-bills, T-bonds on offer this week seen moving sideways
RATES OF government securities on offer this week could move sideways as investors remain cautious, with the country’s recovery prospects still fragile.
PHL banks to see credit losses due to coronavirus pandemic
PHILIPPINE BANKS may see loan losses of up to P100 billion in 2020 due to the financial impact of the coronavirus disease 2019 (COVID-19), according to S&P Global Ratings.
RCBC disburses over P1 billion in salary loans
RIZAL COMMERCIAL Banking Corp. (RCBC) has disbursed over P1 billion in salary loans through its salary advance facility called RCBC Payday NOW since its...
Former RCBC, DBP president Gil Buenaventura passes away
FORMER Rizal Commercial Banking Corp. (RCBC) and Development Bank of the Philippines President and Chief Executive Officer (CEO) Gil A. Buenaventura has died.
“It is...
Peso strengthens on US spending data
THE PESO inched up against the dollar on Monday as the March US personal consumption expenditures (PCE) price index posted a moderate increase.
The local...
Metrobank net income climbs 49% in Q3
METROPOLITAN Bank & Trust Co.’s (Metrobank) consolidated net income jumped by 49% in the third quarter on the back of higher operating revenues, it said in a stock filing Friday.
Peso may trade sideways ahead of offshore data
THE PESO could trade sideways this week depending on any data releases from abroad, and until the Bangko Sentral ng Pilipinas (BSP) changes its...
Gov’t hikes award of T-bills as rates drop further
THE GOVERNMENT hiked the volume of Treasury bills (T-bills) it awarded on Monday as yields declined across the board on expectations that the central bank will keep benchmark interest rates unchanged this week.
Bond giants’ $100-billion bet on growth not paying off amid uncertainties
THE LUMINARIES of high finance have staked more than $100 billion in one of the boldest bond bets of the post-crisis era: That a global economy firing on all cylinders would spur government yields in the West and boost emerging-market credits.
Banks’ push for Libor substitute gains pace on new Sonia
TARRED by a fixing scandal that struck at the height of the financial crisis, bankers and investors for years have been grappling with finding...