PHL bond market’s growth slows in Q4 on maturities, lower issues
THE GROWTH of the Philippine bond market eased in the fourth quarter of 2019 after the stock of government bonds declined as some issues matured and amid lower issuances, according to an Asian Development Bank (ADB) report.
RCBC closes offer of two-year peso bonds
RIZAL COMMERCIAL Banking Corp. (RCBC) closed its offering of two-year fixed-rate bonds ahead of schedule as orders reached more than double its P3-billion program.
Peso weakens versus the dollar as oil prices correct
THE PESO depreciated against the greenback on Wednesday as oil prices corrected and due to dollar demand from corporate clients.
Gov’t rejects bids for T-bonds
THE GOVERNMENT rejected all bids for the fresh seven-year Treasury bonds (T-bonds) it offered on Tuesday amid higher rates, amid uncertainties due to the coronavirus disease 2019 (COVID-19) pandemic.
Fed aims ‘bazooka’ to lift coronavirus-hit economy
THE US FEDERAL Reserve on Monday rolled out an extraordinary array of programs to backstop an economy reeling from sweeping restrictions on commerce that scientists say are needed to slow the coronavirus pandemic and ultimately keep more people safe.
Life insurers to adopt special process for all COVID-19 claims
THE LIFE INSURANCE sector will adopt a special management process for claims related to the new coronavirus disease 2019 (COVID-19) to help policyholders get assistance faster.
Peso strengthens anew on RRR cut
THE PESO strengthened versus the dollar on Tuesday as the central bank cut banks’ reserve ratio anew and on the US Federal Reserve’s aggressive initiatives to lessen the economic impact of coronavirus disease 2019 (COVID-19).
Gov’t rejects all bids for T-bills as rates spike due to uncertainty
THE GOVERNMENT rejected all bids for the Treasury bills (T-bills) auctioned off on Monday as rates spiked with the offer undersubscribed as investors opted to hold cash amid the coronavirus disease 2019 (COVID-19) pandemic.
United States court dismisses Bangladesh Bank case vs RCBC, Bloomberry for roles in 2016...
THE COMPLAINT filed against Rizal Commercial Banking Corp. (RCBC) and a local casino by Bangladesh Bank in relation to the 2016 heist has been junked by a US court as it cited the failure of the petitioner to state a federal racketeering claim and as the court refused to exercise jurisdiction over all other state law claims by the petitioner.
Peso weakens anew in thin trade due to virus
THE PESO weakened anew against the dollar on Monday amid risk-off sentiment in the market after a stimulus bill to battle the economic impact of the coronavirus disease 2019 (COVID-19) was blocked in the US Senate.
Rates of T-bills, T-bonds to rise as investors prefer to hold cash
GOVERNMENT SECURITIES on offer this week will likely fetch higher rates as investors prefer to hold on to their cash amid the rising number of coronavirus disease 2019 (COVID-19) cases in the country and its potential impact on the economy.
Yields on government debt climb on coronavirus fears
GOVERNMENT SECURITIES (GS) yields went up across-the- board last week as market players grapple with uncertainties brought by the coronavirus disease 2019 (COVID-19).