Wirecard says missing $2.1B likely does not exist; withdraws results
Wirecard AG on Monday said there was a likelihood that the 1.9 billion euros ($2.13 billion) reported missing from its accounts simply did not...
T-bill, T-bond rates to move sideways
RATES OF government securities on offer this week will likely move sideways on signals of a pause in monetary easing.
Economic slowdown to affect loan growth
PHILIPPINE BANKS may see sustained weakness in loan growth this year as consumer demand is expected to wane due to the economic fallout from the virus outbreak.
Peso to weaken on geopolitical concerns
THE PESO is likely to weaken versus the greenback this week amid continued geopolitical tensions and as the market awaits the release of local budget deficit data.
Debt yields rise on fresh US stimulus
YIELDS ON government securities (GS) went up as investors reacted to additional US stimulus packages unveiled last week.
Credit to MSMEs, consumers may cause NPLs to rise amid crisis
BANKS' LENDING to small businesses and consumers are seen causing an uptick in soured loans amid the coronavirus crisis, S&P Global Ratings said.
“We expect...
IC issues rules on use of insurtechs’ regulatory sandbox
THE Insurance Commission (IC) issued guidelines on the adoption of a regulatory sandbox framework, requiring insurance technology (insurtech) firms to secure approval from the...
DBP scaling down expansion plans to invest in digitalization
STATE-RUN Development Bank of the Philippines (DBP) will scale down its expansion plans as it looks to invest in digitalization and tap more financial...
Peso strengthens on positive data
THE PESO strengthened against the greenback on Friday due to the improvement in the country’s external debt levels as well as the grim outlook...
Wirecard’s $2.1-billion hole deepens after forgery claim
Wirecard AG shares continued their free-fall after the two Asian banks that were supposed to be holding $2.1 billion of missing cash denied any...
BPI plans bond issuance to help MSMEs
BANK OF THE Philippine Islands (BPI) is eyeing to issue COVID Action Response Bonds (CARE Bonds) for financing for eligible micro-, small-, and medium-sized enterprises (MSMEs) hit by the pandemic.
RCBC to tap bond market anew
RIZAL COMMERCIAL Banking Corp. (RCBC) is looking to tap the bond market for the second time this year following its April issuance.