BSP trims 28-day term deposit offer volume on weak demand
By Melissa Luz T. Lopez,
Senior Reporter
THE CENTRAL BANK has trimmed the weekly term deposit auction volume for September after demand for month-long tenor consistently...
BDO’s dollar notes given investment grade rating
DOLLAR NOTES to be floated by BDO Unibank, Inc. fetched investment grade status from Moody’s Investors Service, on the back of the lender’s stable...
Peso slips as market awaits key US data
THE PESO moved sideways yesterday, slipping slightly, as the dollar fetched some gains as sentiment recovered following geopolitical tensions between United States and North...
China’s $2 trillion of shadow lending turns focus on smaller banks
REGIONAL BANKS in China’s rust-belt provinces are driving the rapid expansion of shadow banking in the country, fueling a web of informal lending that...
Government fully awards T-bills
THE GOVERNMENT made a full award of the Treasury bills (T-bills) it offered on Tuesday after the papers were met by strong demand amid...
Security Bank prepares P20-B LTNCD offering
SECURITY BANK Corp. (Security Bank) is planning to raise P20 billion in fresh funds through the issuance of long-term negotiable certificates of time deposits...
Peso weakens on risk aversion
THE PESO went down against the dollar on Tuesday due to lack of fresh leads and demand for the safe-haven greenback amid rising geopolitical...
Thrift banks’ non-performing loans up
SOURED DEBTS held by thrift banks rose in June to outpace the growth in total loans, latest central bank data showed, even as the...
China mixup shows risk of poor market communication
THE CAPACITY of China’s central bank to surprise markets is so great that, last week, it left investors chewing over whether a data error...
Foreign banks eye PHL presence
By Melissa Luz T. Lopez,
Senior Reporter
AT LEAST two global banks are looking to establish their presence in the Philippines, the central bank chief said,...
Peso to trade sideways ahead of key US reports
THE PESO will likely trade sideways versus the dollar in the coming days after the much-awaited speeches of central bank officials failed to shed...
Planned reserve ratio requirement cut to boost lenders
REDUCING the 20% reserve standard will allow big banks to expand faster with additional funds at its disposal, the head of the Bank of...