Peso weaker on hawkish Fed signals, record infections

The peso weakened Friday after hawkish policy signals from the Federal Reserve, and as Philippine COVID infection numbers continued to rise. The peso ended trading...

BPI shortens bond offer period amid ‘overwhelming demand’

BANK OF THE Philippine Islands (BPI) is ending its bond offer a week earlier than scheduled due to strong demand from investors.

BSP limits basic deposit accounts to one per client

THE BANGKO SENTRAL ng Pilipinas (BSP) directed lenders to limit basic deposit accounts (BDA) to one per depositor, urging clients to consider other products better suited for their needs.

DBP partners with inventors’ group to improve access to funding for projects

DEVELOPMENT Bank of the Philippines (DBP) has partnered with an inventors’ group to help improve scientists’ access to funding for commercial projects.

A reset on hybrid work

LATE last year, organizations all over the word were ready and gearing up for a smooth rollout of hybrid work in 2022. Companies already crafted policies and procedures on who should report physically in the office and who will work remotely, the frequency of remote work, monitoring and reporting structures, and others.

Peso rises vs dollar on GIR data

THE PESO rebounded versus the greenback on Thursday as the country’s foreign exchange buffers remained ample.

TDF yields drop as central bank pledges to stay accommodative

YIELDS on term deposits declined on Wednesday after the Bangko Sentral ng Pilipinas (BSP) vowed to keep interest rates at record lows to support the economy’s recovery.

Banking sector outlook ‘improving’ on recovery prospects, loan growth

THE OUTLOOK for the country’s banking sector this year is “improving,” supported by the trend of economic recovery and loan growth which is seen in Asia-Pacific emerging markets, according to Fitch Ratings.

Printing images of currency without approval is illegal, BSP reminds public

THE BANGKO SENTRAL ng Pilipinas (BSP) warned the public that printing images of currency is illegal and may result in imprisonment.

Peso weakens on hawkish Fed remarks, rise in oil prices

THE PESO retreated versus the greenback on Wednesday as oil prices inched higher and following hawkish statements from the US Federal Reserve’s chief.