Digital transformation for sustainable development
Reynaldo C. Lugtu, Jr.
The jampacked room in the Asian Institute of Management (AIM) was in full silence when I slowly highlighted key figures for the Philippines:
• The...
Banks to raise funds via LTNCDs
THE Philippine National Bank (PNB) and Security Bank Corp. will raise fresh funds by offering long-term negotiable certificates of deposit (LTNCD) this month, which...
TDF offers oversubscribed as demand recovers
By Melissa Luz T. Lopez,
Senior Reporter
BANKS swarmed the central bank’s term deposit offerings yesterday, with the overwhelming demand driving yields down from the previous...
Peso rebounds ahead of Fed officials’ statements
THE PESO rebounded on Wednesday, as some traders took profit from the previous day’s trough ahead of key speeches and amid repositioning due to...
Peso hits two-month low
THE PESO dropped on Tuesday to close at its worst in nearly two months due to weaker-than-expected data and strong demand for the dollar.
The...
Banks borrow P133M from Bangko Sentral’s rediscount facility in September
PHILIPPINE BANKS continued to avail of rediscount loans from the Bangko Sentral ng Pilipinas (BSP) in September even as the total amount dropped from...
Cryan said to be losing support of top Deutsche Bank investors
CHIEF EXECUTIVE Officer John Cryan is losing the support of some investors just seven months into Deutsche Bank AG’s latest turnaround plan.
Three of the...
Gov’t makes full award of Treasury bills
By Melissa Luz T. Lopez,
Senior Reporter
THE GOVERNMENT made a full award of the P15 billion it planned to raise through the auction of Treasury...
UCPB offers ATM insurance coverage
THE United Coconut Planters Bank (UCPB) has started offering insurance coverage for automated teller machine (ATM) transactions to its depositors amid an industry-wide push...
Peso slips on mixed US jobs data
THE PESO dipped on Monday as strong US unemployment data revived bets of a December Federal Reserve policy move despite soft non-farm payroll figures.
The...
Landbank’s acquisition of Postal Bank gets green light
PHILIPPINE POSTAL Savings Bank (PPSB) has been directed to transfer all its assets, liabilities, records, systems and other appurtenant items to the Land Bank...
India bond party set to cool amid inflation, fiscal risks
THE BULL RUN in Indian sovereign bonds is petering out as accelerating inflation and the risk of worsening public finances cloud the outlook for...