Liquidity growth picks up slightly
By Melissa Luz T. Lopez, Senior Reporter
MONEY SUPPLY grew faster in May even as growth in bank lending eased, the Bangko Sentral ng Pilipinas...
S&P flags possible ratings risk from cyberattack on banks
S&P GLOBAL RATINGS warned of emerging risks to banks’ credit ratings caused by the rise of cyberattacks during the pandemic.
BSP targets to roll out clearing house for electronic transactions this month
By Melissa Luz T. Lopez
Senior Reporter
THE BANGKO SENTRAL ng Pilipinas (BSP) is targeting to roll out a clearing house for real-time payments this month,...
Peso weakens amid US rate hike concerns; losses limited by remittances
THE peso closed weaker after the dollar strengthened in Asian trading on concerns US rates may head higher.
The peso closed at P50.72 against the...
TDF undersubscribed despite lower volume
By Melissa Luz T. Lopez,
Senior Reporter
YIELDS fetched under the central bank’s term deposit facility (TDF) moved sideways yesterday, with the lower auction volume for...
BPI keeps InstaPay fee at P10
BANK of the Philippine Islands (BPI) has made permanent its reduced P10 transaction fee for interbank fund transfers done via InstaPay on its mobile...
Quick lending upturn unlikely
THE FINANCIAL Institutions Strategic Transfer (FIST) Law will not be enough for a “turnaround” in credit growth even as it aims to help banks offload non-performing assets (NPAs), ANZ Research said in a note.
No phones, leaks: how new chief Lagarde is making mark on ECB
FRANKFURT — Gathered in a German mountain castle last November for an evening retreat that ended with a whiskey-tasting, rebel European Central Bank (ECB) policy makers and Christine Lagarde, their newly confirmed president, made a pact.
Treasury bill yields rise on less dovish policy bets
THE GOVERNMENT fully awarded the Treasury bills (T-bills) it offered on Monday even as rates were higher across all tenors to track the continued...
Peso slips vs dollar on Fed, GDP report
THE PESO ended sideways versus the dollar on Tuesday amid hints of a possible tapering by the US Federal Reserve this year and as data showed the Philippine economy exited recession in the second quarter.
Peso inches higher on profit-taking
THE PESO gained some strength on Friday as investors took their profits from a stronger dollar earlier this week, although trading remained quiet due to lack of leads.
Harnessing our core competencies
By Reynaldo C. Lugtu, Jr.
IN 2021, Vietnam overtook the Philippines. Vietnam’s gross domestic product (GDP) per capita, a measure of a nation’s economic output per person, reached $3,756.5,...