JP Morgan cuts emerging market FX view on overcrowding worries
LONDON - JP Morgan's strategists cut the bank's view on emerging market currencies to 'market weight' from 'overweight' on Monday, saying short-term positioning was...
BTr hikes T-bill award as yields on all tenors drop
THE GOVERNMENT upsized its award of the Treasury bills (T-bills) it offered on Monday as rates dropped across the board amid strong demand for...
InLife sells stake in iCare HMO
INSULAR LIFE Assurance Co., Ltd. (InLife) has sold its shares in its health maintenance organization (HMO) subsidiary Insular Health Care, Inc. (iCare HMO) to...
Digital banks face profitability concerns with new players to intensify competition
THE EXPANSION of the Philippine digital banking sector is expected to lead to increased innovation and improved financial services that would benefit consumers, the Bangko Sentral ng Pilipinas (BSP) said.
ATRAM, UnionBank trust units complete merger
THE MERGER between the trust units of the ATR Asset Management Group (ATRAM Group) and Union Bank of the Philippines, (UnionBank) has been completed...
Peso drops on US tariff threats
THE PESO slid against the dollar on Monday as fresh tariff threats from the United States dented risk sentiment.
The local unit closed at P59.44...
India’s central bank proposes linking BRICS’ digital currencies, sources say
MUMBAI/NEW DELHI — India’s central bank has proposed that BRICS countries link their official digital currencies to make cross-border trade and tourism payments easier,...
T-bill, bond rates may end mixed on BSP bets
RATES of the Treasury bills (T-bills) and Treasury bonds (T-bonds) to be offered this week could end mixed, tracking secondary market yields, as players...
Bank assets grow to P28.7 trillion as of Nov.
THE PHILIPPINE banking industry’s total assets rose by 7.44% year on year at end-November, mainly driven by an increase in loans, preliminary data from...
Debt yields climb on supply pressure
Yield Tracker
Peso to trade sideways before US data
THE PESO may trade sideways against the dollar this week as market players await the release of key US economic data, which could affect...
Rates of BSP securities slip
YIELDS on the central bank’s short-term securities fetched a lower average rate on Friday as the offer was met with strong demand.
The one-month Bangko...