PHL net external liabilities up at end-March
THE PHILIPPINES’ net external liability rose by 5.4% as of March from the quarter prior, the Bangko Sentral ng Pilipinas (BSP) said.
Data from the...
Visa bets on stablecoins to speed up businesses’ cross-border payments
VISA said on Tuesday it will start testing a new way for businesses to fund international payments by allowing them to use stablecoins instead...
T-bill yields go down on strong demand for safe-haven assets
THE GOVERNMENT made a full award of the Treasury bills (T-bills) it offered on Monday at lower rates on strong demand for safe-haven assets...
BPI, GCash adopt InstaPay for cash-ins
BANK of the Philippine Islands (BPI) and GCash said all cash-in transactions will now be coursed through the InstaPay payment gateway by October.
“In line...
RCBC Trust sees AUMs breaching P200 billion
THE TRUST ARM of Rizal Commercial Banking Corp. (RCBC) expects its assets under management (AUM) to surpass P200 billion this year.
“We’re moving towards...
Peso slides to fresh two-month low on Fed easing bets
THE PESO sank to a fresh two-month low against the dollar on Monday as markets continued to reprice their bets on the US Federal...
Filipinos trapped in nightmare by online loan sharks
MANILA — Melissa thought her financial troubles would disappear with just a few clicks in a Philippines online lending app that promised “fast cash.”
Without...
SWIFT, top global banks to work on blockchain-based overhaul
LONDON — Global financial messaging network SWIFT and more than 30 global banks announced on Monday they were now working “at pace” on making...
T-bill yields may drop as market eyes BSP, Fed
RATES for the Treasury bills (T-bills) to be auctioned off this week could continue to go down to track yield movements at the secondary...
Peso may stay weak as Fed cut bets ebb
THE PESO may see sustained weakness against the dollar this week after stronger-than-expected US economic data led to reduced bets of US Federal Reserve...
BSP bills’ rates rise on weak demand
YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) short-term securities inched higher on Friday as both tenors went undersubscribed after the offer volume was...
Yields on gov’t debt end mixed amid volatile trade
YIELDS on government securities (GS) traded at the secondary market ended mixed last week amid a rise in US yields and a weakening peso...