Peso slips ahead of US CPI data
THE PESO inched lower against the dollar on Tuesday as markets awaited the release of the latest US consumer inflation data overnight, which could...
Peso strengthens to P50:$1 level ahead of key US economic data
THE PESO continued to strengthen against the dollar on Tuesday to hit a new high on the back of profit taking ahead of the release of some US economic data.
LGUs’ borrowing applications drop 65% at end-Nov.
LOANS sought by local government units (LGUs) fell by 65.42% as of end-November, the Bureau of Local Government Finance (BLGF) reported.
Peso closes higher after Chinese exports beat expectations
THE peso strengthened further to a fresh one-month high against the dollar following upbeat Chinese trade data.
BDO, BPI not in talks to take control of RCBC
TWO of the country’s biggest banks said they are not currently in talks to buy a controlling stake in Rizal Commercial Banking Corp. (RCBC).
In...
Private equity firms turn to left-field financing for deals
PRIVATE EQUITY FIRMS are turning to a new weapon to help them get their buyouts over the line: less-than-conventional funding.
Mergers and acquisitions (M&A) activity...
US bank profits fall as competition for deposits erodes lending margins
NEW YORK - Several large US regional banks reported lower profits on Wednesday, in a further sign that the income boost from interest rate hikes by...
Government borrowings drop in March
THE NATIONAL government’s borrowings declined 79% to P66 billion in March from the P308.218 billion recorded a year ago, according to data from the Bureau of the Treasury (BTr).
No need for aggressive rate hikes, BoT chief says
BANGKOK — Thailand’s central bank will raise interest rates gradually and in a measured manner to ensure economic recovery as it fights high inflation, its governor said on Wednesday.
Liquidity growth steady in June despite RRR cuts
MONEY SUPPLY growth remained steady amid slightly lower demand for credit, the Bangko Sentral ng Pilipinas (BSP) reported Wednesday, even as the central bank trimmed lenders’ reserve requirement ratios (RRR).
Peso drops to new all-time low on hawkish Fed
THE PESO closed at a new record low against the dollar for the third straight day after the US Federal Reserve delivered another aggressive rate hike and signaled more increases to bring inflation under control.
BSP reminds banks to be prudent in granting loans
BANKS are expected to be prudent in extending credit amid the pandemic by reviewing their borrowers’ profiles and assessing their loan book, the Bangko Sentral ng Pilipinas (BSP) said.