Peso up as markets weigh new tariff developments
THE PESO climbed on Thursday after US President Donald J. Trump’s announcement of a 50% tariff on copper weighed on the greenback.
The local unit...
Local yields track US debt
YIELDS on government securities (GS) traded at the secondary market climbed last week amid increasing inflation expectations and rising US Treasury rates.
Malaysia central bank to hold key rate at 3.0% through end-2025
BENGALURU - Bank Negara Malaysia (BNM) will keep its key policy rate unchanged at 3.00% for the 10th consecutive meeting on Wednesday and maintain it there...
Germany must toughen audit rules after Wirecard scandal
BERLIN — Germany must toughen its rules for auditing and accounting to prevent another billion-euro scam like the Wirecard scandal, Bundesbank President Jens Weidmann said in a newspaper interview published on Monday.
BPI posts higher net income in 2018
BANK OF THE Philippine Islands (BPI) posted a higher net income in 2018 on the back of strong revenues.
Preserve your ammunition, BIS urges top central banks
LONDON — Bank for International Settlements (BIS) chief Agustin Carstens has urged top central banks to preserve their ammunition for more serious economic downturns rather than deplete it chasing higher growth.
Gov’t fully awards Treasury bill offer even as yields inch higher
THE GOVERNMENT made a full award of the Treasury bills (T-bills) it offered on Monday as all tenors’ average rates remained below secondary market...
BSP delays implementation of new standards for real estate, project finance
The Bangko Sentral ng Pilipinas (BSP) has pushed back the implementation of tighter standards for banks in reporting real estate loans and project finance.
The...
Philippine Senate may discuss anti-fraud bill in plenary this month
A SENATE BILL that seeks to impose harsher penalties on online investment scammers, phishers and other schemes of fraud is expected to reach the...
Cariaso takes helm as RCBC president, CEO
RIZAL COMMERCIAL Banking Corp. (RCBC) has appointed Reginaldo Anthony B. Cariaso as its president and chief executive officer (CEO) effective July 1, it said...
UnionBank’s social bond proceeds finance loans to 3,751 small businesses
UNIONBANK of the Philippines, Inc. (UnionBank) used the proceeds of its $150-million social bond issuance to help finance loans to small- and medium-sized businesses.
Gov’t fully awards T-bills even as yields rise on inflation bets
THE GOVERNMENT made a full award of the Treasury bills (T-bills) it offered on Monday even as rates edged up across the board due to cautious investor sentiment.