Peso weakens in rangebound trade ahead of Fed, ECB remarks
THE peso weakened slightly against the dollar on Friday as market participants adopted a wait-and-see attitude ahead of remarks from central bank officials of...
Advanced foreign loan payments up as of April
By Melissa Luz T. Lopez,
Senior Reporter
Early payments made for foreign loans surged by over a third as of end-April, data from the Bangko Sentral...
Insurance brokerage income climbs in 2016 as commissions drop
THE Insurance Commission (IC) saw income from brokerage activities inch up last year, despite lower commissions earned, due to the growing online platforms.
In a...
Peso ends at two-week high
THE PESO strengthened versus the greenback yesterday to log its best showing in nearly two weeks, with dollar inflows and negative remarks by US...
Once shunned money market funds proving to be unlikely haven in US
CASH is flowing into short-term US government debt funds at the fastest pace in more than six months, just when you might expect investors...
Draghi urges open-minded central banking
MARIO DRAGHI said central banks must be open-minded on policy innovations as they prepare for future economic developments — even if that concept is...
BSP and Fintech: The way forward
Flor G. Tarriela
The first On Q sponsored by FINTQ presented a Fintech Thought Leadership Roundtable Series with Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla,...
Term deposit yields end steady
By Melissa Luz T. Lopez,
Senior Reporter
Yields under the central bank’s term deposit facility (TDF) moved sideways yesterday despite tepid demand, as banks opted to...
PHL banks to continue expanding in 2017, 2018
By Janine Marie D. Soliman,
Reporter
THE PHILIPPINE banking industry is expected to continue growing this year and next, driven by the sector’s low interest rates,...
Peso continues to climb
THE PESO continued to strengthen against the dollar on Wednesday ahead of the Jackson Hole Economic Policy Symposium amid the absence of catalysts offshore and at...
RCBC Savings Bank posts higher profit in first half
RCBC SAVINGS Bank, the thrift banking arm of Rizal Commercial Banking Corp. (RCBC), booked higher earnings in the first six months of the year,...
Market rallies imperiled as business cycle peaks
HSBC HOLDINGS Plc, Citigroup Inc. and Morgan Stanley see mounting evidence that global markets are in the last stage of their rallies before a...