TDF yields climb on BSP signals, May CPI estimate
YIELDS on the term deposit facility (TDF) of the Bangko Sentral ng Pilipinas (BSP) climbed on Wednesday due to rate hike signals and with May inflation seen to have breached 5%.
PHL banks’ operating environment stable as economy recovers
Philippine banks’ operating environment is seen to be stable due to receding virus risks, a better business outlook and the economy’s continued recovery, which could lead to stronger demand for loans, Fitch Ratings said on Wednesday.
Insurtech seen to help improve insurance penetration in the Philippines
FINANCIAL TECHNOLOGY (fintech) firms target to help increase insurance penetration in the country through microinsurance products offered through online channels or insurtech.
PBB net income climbs 24.4% in 2021
Philippine Business Bank, Inc (PBB) booked a 24.4% increase in its net income in 2021, backed by the stronger performance of its core businesses as economic recovery continued.
Peso drops further on inflation fears
THE PESO dropped further against the dollar on Wednesday due to inflationary concerns as the Bangko Sentral ng Pilipinas (BSP) expects the headline figure to have reached at least 5% in May and the European Union’s (EU) Russian oil embargo.
Gov’t makes partial award of reissued three-year T-bonds
THE GOVERNMENT partially awarded the reissued three-year Treasury bonds (T-bonds) it offered on Tuesday as investors asked for higher yields on expectations of high inflation and rate hikes from the Bangko Sentral ng Pilipinas (BSP) and the US Federal Reserve.
Central bank keeps cap on credit card charges
THE central bank retained the ceilings for charges on credit card transactions to help consumers as the coronavirus disease 2019 (COVID-19) pandemic continues.
Peso weakens on hawkish comments from Fed official
THE PESO weakened against the dollar on Tuesday after a US Federal Reserve official said the central bank may hike rates by 50 basis points (bps) several times to curb rising inflation.
BTr rejects all bids for one-year T-bills as rates rise on hike bets
THE GOVERNMENT partially awarded the Treasury bills (T-bills) it offered on Monday at lower rates as investors flocked to shorter tenors on expectations of more hikes from the Bangko Sentral ng Pilipinas (BSP) and the US Federal Reserve.
Basic deposit accounts climb to 7.9 million as of end-December 2021
MORE FILIPINOS became part of the financial system through basic deposit accounts (BDAs) as of December last year, according to the Bangko Sentral ng Pilipinas (BSP).
Worst COVID outbreak leaves Taiwan insurers bracing for more than $1 billion in claims
TAIWAN’S worst coronavirus disease 2019 (COVID-19) outbreak has left the island’s insurers bracing for more than $1 billion in claims that the financial regulator is urging them to honor.
Thailand poised for record sale of bonds to retail investors next month
THAILAND will sell 55 billion baht ($1.6 billion) of sovereign bonds to retail investors next month, on course to raise a record amount from savings notes to lower its reliance on the volatile institutional market for funding.