DBP approves P38.28B in credit for local gov’t units

DEVELOPMENT BANK of the Philippines (DBP) approved P38.28 billion in credit for more than 100 local government units (LGUs) for the first six months of 2021.

Assessing the chances of the presidentiables

At the close of the registration of candidates for the 2022 elections, an astounding number of 97 persons registered their desire to be presidential candidates. Based on their qualifications, political machinery, and access to financial resources, I believe that less than a dozen will be winnable candidates.

Peso slips ahead of Sept. budget balance report

THE PESO moved sideways versus the greenback on Thursday, with market participants awaiting the release of latest budget balance data.

TDF yields climb on higher oil prices, government debt rates

YIELDS on the central bank’s term deposits went up on Wednesday as oil prices continued to surge and following the uptick in rates of government securities.

BSP backs tax perks for cooperative lenders

THE CENTRAL BANK is supporting a bill that will grant tax exemptions to cooperative lenders to spur the growth of the industry.

Gov’t looking to set up sustainable finance institute

THE GOVERNMENT could set up a sustainable finance institute to put together expertise and policy support for green finance in the country.

Users of AUB’s digital banking services reach 2M

ASIA UNITED Bank Corp.’s (AUB) digital services have reached two million users since its launch in late 2019 after the pandemic led to a surge in demand.

Peso weakens on hawkish comments from Fed official  

THE PESO weakened versus the greenback on Wednesday following signals from the US Federal Reserve of the possibility of earlier rate hikes. 

Gov’t rejects all bids for reissued 10-year bonds

THE GOVERNMENT rejected all bids for its offer of reissued Treasury bonds (T-bonds) on Tuesday as investors asked for higher returns due to lingering inflation concerns.

Retail segment, MSMEs key to digital banks’ growth

NEW DIGITAL BANKS in the Philippines can grow by catering to retail clients with limited credit history who are underserved by lenders, debt watchers said.