LANDBANK eyes P3 billion from sustainability bonds
LAND BANK of the Philippines (LANDBANK) is looking to raise at least P3 billion from two-year bonds to finance sustainable projects.
The fixed-rate bonds will...
Peso climbs on continued decline in daily coronavirus cases
THE PESO strengthened against the dollar on Friday as the country continued to tally fewer cases of coronavirus disease 2019 (COVID-19) and as markets...
Poor access to financing hampers MSME growth
THE DIFFICULTY faced by micro, small and medium-sized enterprises (MSMEs) in obtaining bank financing has been holding back the sector’s growth, the Asian Development...
BSP unlikely to issue own digital currency soon
The Bangko Sentral ng Pilipinas (BSP) will continue to study and strengthen capacity building on central bank digital currency (CBDC) but is unlikely to...
Moving on to the recovery phase
J. ALBERT GAMBOA
More than seven months have elapsed since the Philippines imposed lockdown protocols on various levels. Our economy stalled when the entire island of Luzon...
Peso weakens on US stimulus talks
THE PESO weakened slightly against the dollar on Thursday as the United States hammers out a deal on fresh stimulus to help boost the...
Term deposit yields inch higher as demand slows
YIELDS ON term deposits offered by the Bangko Sentral ng Pilipinas (BSP) were higher on Wednesday, tracking rates of US government bonds on hopes for a fresh stimulus to prop up the world’s largest economy amid the coronavirus pandemic.
BPI’s net income sinks 33.7% in Q3 on higher loan loss reserves
BANK OF THE Philippine Islands (BPI) posted a lower net income in the third quarter as it continued to increase its loan loss reserves amid the coronavirus pandemic.
BoJ member says swift action needed if COVID-19 delays economic recovery
TOKYO — Bank of Japan (BoJ) board member Makoto Sakurai said on Wednesday the central bank must take “swift and appropriate” action if the coronavirus shock delays the country’s economic recovery.
Peso strengthens as US officials continue talks on fresh stimulus
THE PESO strengthened against the dollar on Wednesday as the United States government continues talks on a fresh stimulus to boost activity in the world’s largest economy amid the ongoing coronavirus pandemic.
BTr fully awards 10-year bonds on lower yield, strong demand
THE GOVERNMENT made a full award of the reissued 10-year Treasury bonds (T-bonds) it offered on Tuesday as its yield dropped on expectations of benign inflation in the next two years.
Inflation seen settling near lower end of BSP goal
HEADLINE INFLATION this year could be lower than expected as risks remain tilted towards the downside amid the ongoing pandemic, a senior central bank official said.