Gov’t partially awards T-bill offer
THE GOVERNMENT made a partial award of the Treasury bills (T-bill) it auctioned off yesterday amid robust demand for the longest tenor, as it opened its tap and over the counter (OTC) facilities to accommodate more bids.
IC defers implementation of IFRS 17 by another year
THE INSURANCE Commission (IC) has deferred by another year the implementation of new accounting rules for life and non-life insurers to give these firms more time to comply.
Central banks’ window to restock ammo is closing as growth slows
THE WINDOW to restock monetary ammunition is closing for the world’s major central banks.
Peso plunges on China
THE PESO plunged further against the dollar to a one-month low yesterday, dragged by renewed concerns of a global growth slowdown due to slower Chinese economic growth.
T-bills, bonds to fetch lower rates
GOVERNMENT securities on offer this week will likely fetch lower yields amid continued expectations of decelerating inflation.
Yields on gov’t debt fall
YIELDS ON government securities (GS) traded on the secondary market fell across the board as both short- and long-tenored papers saw strong demand last week.
Peso may weaken ahead of GDP
THE PESO will likely weaken a tad against the dollar this week amid mixed geopolitical and economic signals abroad, as investors await the release of gross domestic product (GDP) growth data.
Thrift banks’ non-performing loans up in Nov.
BAD LOANS held by thrift banks rose faster in November as lenders continued to grant more credit lines to borrowers, latest data showed, while reserves for losses dwindled from a year ago.
BSP revises capital calculation method for banks
THE BANGKO Sentral ng Pilipinas (BSP) said it has modified the calculation method for capital held by banks to better reflect holdings of higher-quality instruments.
RCBC prices P15 billion peso green bond issue at 6.7315%
RIZAL Commercial Banking Corp. (RCBC) said it priced its first peso “green bond” at 6.7315% per annum, with the proceeds to be used to support projects that are environment-friendly and promote resiliency to climate change.
Under half of non-life firms still far from meeting capital norms — IC
THE Insurance Commission (IC) believes some non-life insurance companies may not be able to meet the increased statutory solvency requirements by the end of the year, and encouraged such firms to seek investors or merge with other companies.
BDO rated ‘most reputable’ bank in Kantar study
BDO Unibank, Inc. was named the country’s “most reputable” bank in 2018, following a study conducted by Kantar TNS.