Improved sentiment, lower oil prices to boost peso
THE PESO could find support from better market sentiment this week, as governments around the world announced more measures to help cushion the impact of the coronavirus disease 2019 (COVID-19) pandemic.
BSP targets to issue bonds by second half
THE BANGKO SENTRAL ng Pilipinas (BSP) will go ahead with its planned issuance of its own securities in the second half of the year, despite some pre-launch activities being postponed due to the enhanced community quarantine in Luzon.
BSP outlines additional relief measures for banks
THE CENTRAL BANK is giving additional regulatory to financial institutions, including the imposition of a higher single borrower’s limit (SBL), removing penalties for reserve deficiencies, and providing leeway for some notification requirements amid disruptions caused by the coronavirus disease 2019 (COVID-19).
Rediscount rates down following BSP cut
REDISCOUNT RATES have been lowered following the latest rate cut from the Bangko Sentral ng Pilipinas (BSP) and as part of the central bank’s additional regulatory relief for financial institutions due to disruptions caused by the coronavirus disease 2019 (COVID-19) outbreak.
Peso returns to P50:$1 level
THE PESO climbed to return to the P50-per-dollar level on Friday after the central bank cut rates as well as some profit-taking.
ECB launches new bond purchases worth €750 billion to stem coronavirus rout
FRANKFURT -- The European Central Bank (ECB) launched new bond purchases worth €750 billion at an emergency meeting late on Wednesday in a bid to stop a pandemic-induced financial rout shredding the euro zone’s economy and renew concerns about the bloc’s viability.
Business and life after COVID-19
By Reynaldo C. Lugtu, Jr.
Since Monday after the President’s announcement of the lockdown, I’ve worked from home -- had a video call meeting with business executives from nine Asian countries, conducted my graduate school class using an online collaboration tool, and electronically met with some clients and partners.
Moody’s affirms LANDBANK credit rating
MOODY’S Investors Service affirmed its credit rating for Land Bank of the Philippines (LANDBANK), citing its “healthy” metrics on solvency and liquidity.
Peso declines versus dollar ahead of BSP rate decision
THE PESO weakened anew against the greenback on Thursday as players anticipated a rate cut from the central bank and amid risk-off sentiment due to the sell-off in the stock market.
Pag-IBIG grants extension for borrowers’ payments
RESIDENTS OF Luzon and the National Capital Region will be given a three-month payment extension to repay loans from the Home Development Mutual Fund (Pag-IBIG Fund) as the region has been placed under enhanced community quarantine, which has forced some businesses to shut down, leaving employees with no wages.
Banks waive fees, give grace periods for loans
AMID THE enhanced community quarantine that has caused business disruption and some job losses, more banks are giving their customers leeway, with some extending payment deadlines to up to two months.
BPI sees delay in bond issue, BDO postpones planned offer
SOME BANKS are deferring or expecting delays in their bond issuances after business operations were affected by the enhanced community quarantine in Luzon.




