Peso barely changed as Fed chair turns dovish’
THE PESO closed nearly flat versus the greenback on Thursday amid muted trading among market players after US Federal Reserve Chair Janet L. Yellen’s...
TDF rates end mixed as demand drops slightly
RATES for the central bank’s term deposit auction posted mixed movements yesterday, with the week-long yield hitting a two-month high while the month-long tenor...
Negative yields force Japan banks to consider mergers
HIROSHI IWAMA and Mitsunori Watanabe used to joke about merging their banks in central Japan. When the Bank of Japan introduced negative interest rates...
Peso slips as players reposition after Tuesday’s sharp increase
THE PESO ended almost flat against the dollar on Wednesday after most market players tweaked their positions following Tuesday’s sharp rise.
The local currency closed...
BPI Family eyes 10% profit growth
BPI FAMILY Savings Bank, Inc. is looking to grow its bottom line by a tenth this year, a slight increase from last year’s figure,...
Gov’t makes full award of bonds as bids fall within expectations
THE GOVERNMENT yesterday made a full award of reissued five-year Treasury bonds (T-bonds) as bids by banks fell within market expectations even as they...
Pre-need industry seen to rebound from Q1 net loss
THE PRE-NEED industry could expand in the coming months and reverse the loss it booked in the first quarter as fresh players are set...
Peso rebounds vs dollar
THE PESO rebounded versus the dollar on Tuesday from a fresh 10-year low after the Bangko Sentral ng Pilipinas (BSP) stepped in during the...
Big banks’ NPL ratio down at end-May
THE SHARE of soured loans held by big banks declined further in May, latest central bank data showed, even as bank lending posted a...
China mulling PBoC lead role in financial oversight
CHINA is considering handing the nation’s central bank a key role in coordinating financial oversight, in order to focus efforts on reining in risk...
PHL credit information system on track to go live by January
STATE-RUN Credit Information Corp. (CIC) is on track to get the country’s centralized credit information system up and running by January next year, albeit...
BSP rediscount facility untouched last month
THE CENTRAL BANK’S rediscount window remained untapped in June, ahead of adjustments in the borrowing rates which will kick in this month.
In a statement,...