House committee approves amendments to bank deposit secrecy law
THE HOUSE Banks Committee on Wednesday approved an unnumbered bill that consolidated eight measures seeking to amend the country’s decades-old bank secrecy law without...
Peso gains as weak US data boost Fed cut bets
THE PESO climbed against the dollar on Wednesday as weak US data fueled bets of a US Federal Reserve cut next month.
The local unit...
BSP easing bets pull down term deposit yields
THE Bangko Sentral ng Pilipinas’ (BSP) seven-day term deposits fetched a lower average yield on Wednesday as the offer was oversubscribed.
Bids for the central...
Security Bank’s sustainability loan disbursements near P100B as of Oct.
SECURITY BANK Corp. has disbursed P99.4 billion in sustainability loans as of October, exceeding its full-year target by 18%.
Majority of the disbursements or P69.9...
BDO raises $500 million from offshore bond offer
BDO UNIBANK, Inc. has raised $500 million from its sale of five-year dollar-denominated bonds that marked its return to the offshore debt market after...
Over 60% of Filipinos targeted by financial scams, report says
OVER 60% of Filipino adults experience financial scams each year, with attempts happening nearly every other day and average losses per person amounting to...
Waller: December cut appropriate, but January action more uncertain
WASHINGTON — The job market is weak enough to warrant another quarter-point rate cut in December, though action beyond that depends on an upcoming...
Peso weakens further to track yen’s drop
THE PESO dropped further against the dollar on Tuesday to follow the yen’s decline as markets expect the Japanese government to support its falling...
BSP, TransUnion set to develop credit education module for BELA
TRANSUNION has partnered with the Bangko Sentral ng Pilipinas (BSP) to develop and implement a credit education module for the BSP E-Learning Academy (BELA).
The...
Treasury hikes T-bill award as yields end mixed
THE GOVERNMENT upsized the Treasury bills (T-bills) it awarded on Monday, with the tenors fetching mixed yields amid higher demand for longer-tenored investments as...
BDO looking to issue five-year dollar bonds
BDO UNIBANK, INC. is planning to issue five-year dollar-denominated bonds, it said on Monday.
The bank has tapped Standard Chartered Bank as sole global coordinator...
Peso slips vs the dollar on possible yen intervention
THE PESO slipped against the dollar on Monday to track the sideways movement among regional currencies led by the yen amid signals of more...