Peso retreats as Diokno signals pause in easing
THE PESO retreated for the second straight day on Tuesday after gains in the US stock market and amid signals of a likely pause in easing by the Bangko Sentral ng Pilipinas (BSP).
BSP to keep rates steady on risks
BENCHMARK interest rates are likely to remain steady even as inflation continues to ease as the central bank wants to be ready in case of a worse fallout from the coronavirus crisis, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said.
Gov’t raises P28B via T-bills on strong demand
THE GOVERNMENT upsized the amount of Treasury bills (T-bills) it accepted on Monday and even opened the tap facility as rates continued to slide amid strong demand for state debt.
Peso weakens on US jobs data, oil production cuts
THE PESO weakened on Monday as sentiment favored the greenback after data on US jobs as well as the extension of oil production cuts.
T-bill, T-bond rates likely to slip
RATES OF government securities on offer this week will likely decline slightly on ample demand and as bond yields settle near the headline inflation rate.
Peso to strengthen on data showing recovery
THE PESO is likely to strengthen further this week as the market prices in data showing the economy is off to a gradual recovery and await developments in legislation on the government’s crisis response.
Yields on government debt end mixed on profit taking
YIELDS ON government securities (GS) ended mixed last week amid remarks from the central bank chief that current policy rates are appropriate as well as speculations of an additional bond issuance.
BSP ‘extreme scenario’ for banking system is 10% rise in provisions
The Bangko Sentral ng Pilipinas (BSP) said its “extreme scenario” for the banking system is a 10% rise in loan-loss provisions in the wake...
DBP Q1 net profit falls 7% amid more than 30% rise in lending
Development Bank of the Philippines (DBP) said net profit fell 7% year-on-year in the first quarter after the state-owned bank raised its provisioning level...
Metrobank raises P10.5-billion from 3% notes
Metropolitan Bank & Trust Company said it raised P10.5 billion from a peso-denominated note issue paying out 3% per annum, noting that the...
Peso enters P49/dollar territory, strongest in nearly 3 years
The peso strengthened to a nearly three-year high against the dollar Friday on increased confidence in an economic recovery as businesses gradually restore operations across the world.
House approves cash agent bill
THE House of Representatives on Wednesday evening approved on second reading House Bill 6924 which seeks to expand banks’ service delivery channels through cash agents.