Peso drops vs dollar following Silicon Valley Bank deal
THE PESO weakened against the dollar on Tuesday after a buyout deal involving the collapsed Silicon Valley Bank helped ease global banking sector concerns.
The...
Yields on central bank’s term deposits decline
YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) term deposits dropped on Wednesday following recent changes in the regulator’s money market operations.
Demand for the...
ADB’s technical support for PHL infrastructure at $77M
THE ASIAN Development Bank (ADB) has so far disbursed $76.79 million to support the Philippines in creating a pipeline of infrastructure projects that may be implemented by the next administration.
UnionBank eyeing digital bank license
UNIONBANK of the Philippines, Inc. is looking to join the online banking landscape as it looks to move forward with its digitization.
DBP P5 billion second-tranche bond issue to fund more environmental projects
The Development Bank of the Philippines (DBP) said it hopes to raise at least P5 billion from the second tranche of its P50-billion bond...
ECB could end bond purchases this year; rate hike on the horizon
FRANKFURT -- The European Central Bank could end bond purchases this year while an interest rate hike in 2019 is not unrealistic if the...