Peso seen weakening on upbeat US jobs data, Fed
THE PESO is seen to weaken against the dollar this week as upbeat US economic data and hawkish remarks from Federal Reserve officials will...
Gov’t debt yields end flat
By Christine J. S. Castañeda,
Senior Researcher
YIELDS on government securities (GS) traded in the secondary market were flat last week due to developments in the...
Bitcoin ban expands across cards
A GROWING NUMBER of big US credit-card issuers are deciding they don’t want to finance a falling knife.
JPMorgan Chase & Co., Bank of America...
BSP Jan. inflation view exceeds expectations — ING
ING Bank N.V. said the central bank’s “surprisingly high” 3.5-4% inflation estimate has raised expectations that monetary authorities may tighten policy as early as...
Peso strengthens on profit-taking, remittances
THE peso recovered against the dollar on profit-taking, closing at its high with the US unit’s value taking a hit from surging remittances.
The peso...
RRR cuts not policy shift – BSP
By Melissa Luz T. Lopez,
Senior Reporter
PLANS to reduce bank reserves should not be taken as a shift in monetary policy, the Bangko Sentral ng...
Metrobank posts higher core income on loans, deposits
METROPOLITAN BANK & Trust Co. (Metrobank) posted higher income on a core basis in 2017 on the back of robust growth in its loans...
Peso drops anew against dollar
THE PESO plunged against the dollar on Thursday as the US currency strengthened on the back of the hawkish stance from the US Federal Reserve (Fed).
The...
Toward a sustainable future
J. Albert Gamboa
The Financial Executives Institute of the Philippines (FINEX) kicked off its 50th anniversary celebration with a Golden Jubilee gala night last Jan. 15 at...
BSP to offer 28-day deposits anew next week amid liquidity
By Melissa Luz T. Lopez,
Senior Reporter
THE CENTRAL BANK will revive month-long term deposits this month, as overwhelming demand for the seven-day tenor continued to...
Robinsons Bank sets P730-M capex plan
By Karl Angelo N. Vidal
ROBINSONS BANK Corp. is allotting P730 million for capital expenditures (capex) this year to fund its digital initiatives, branch expansion...
Peso strengthens as Trump remarks hit dollar
THE PESO regained strength against the dollar on Wednesday, following the three-day decline, as President Donald J. Trump’s protectionist remarks in his first State...