Tariff-driven uncertainties could weaken credit demand in Asian emerging markets
CREDIT DEMAND in emerging Asia could be dampened by trade uncertainties, S&P Global Ratings said, but bank lending in the Philippines has remained resilient...
Next Bank of Thailand chief champions rate cuts to revive growth
BANGKOK — Vitai Ratanakorn, the incoming governor of the Bank of Thailand, by his own admission, will start his new job in October at...
RBA wary of cutting key rates too quickly
SYDNEY — Australia’s central bank judged lowering interest rates for a third time within four meetings was not consistent with its strategy of easing...
Peso jumps as Fed concerns weigh on dollar
THE PESO strengthened against the dollar on Tuesday on renewed concerns over the US Federal Reserve’s independence as the Trump administration continued to attack...
Yields on Treasury bills decline across all tenors
THE GOVERNMENT increased the amount of Treasury bills (T-bills) it awarded on Monday as rates dropped across the board, with players opting for shorter...
BDO’s sustainable finance portfolio hits P1.04 trillion
BDO Unibank, Inc. has funded over P1 trillion worth of projects under its Sustainable Finance Program launched in 2010.
The bank said its sustainable financing...
BSP approves 16 new bank branches
THE BANGKO SENTRAL ng Pilipinas (BSP) approved 16 new regular bank branches in the first quarter.
The Monetary Board okayed the applications of seven banks...
Peso slips as markets eye trade talks
THE PESO slipped against the dollar on Monday as markets await developments on countries’ negotiations the United States ahead of the Aug. 1 deadline...
T-bill, bond rates may end mixed
RATES of the Treasury bills (T-bills) and Treasury bonds (T-bonds) on offer this week could track the mixed yield movements at the secondary market...
BSP securities fetch lower yields on oversubscription
YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) short-term securities dropped on Friday as the offer was met with strong demand.
The central bank’s short-term...
Microsoft to sign EU AI code of practice; Meta rebuffs guidelines
BRUSSELS — Microsoft will likely sign the European Union’s (EU) code of practice to help companies comply with the bloc’s landmark artificial intelligence (AI)...
American Express top brass allays competition concerns after profit beat
AMERICAN Express’ (AmEx) top brass reassured investors concerned about intensifying competition for affluent customers after resilient spending by cardholders helped the company surpass second-quarter...