YIELDS ON term deposits auctioned off by the Bangko Sentral ng Pilipinas (BSP) mostly rose on Wednesday, with the market expecting a slightly faster increase in commodity prices.

The Philippine central bank said it will ban from the industry former bank employees who allegedly falsified documents for German payments company Wirecard AG.

FOREIGN CURRENCY loans disbursed by local banks fell in the second quarter as capital needs dropped due to slower economic activity due to the coronavirus pandemic.

THE PESO inched up versus the dollar on Wednesday amid the extended implementation of the general community quarantine in Metro Manila and expectations the central bank will keep rates unchanged at its meeting today (Oct. 1).

The Philippine peso is heading for its biggest quarterly gain in a decade and still has scope to appreciate due to positive fund flows,...

THE CENTRAL BANK will likely resume easing by the first quarter of 2021, which could help boost bank lending as borrowers are still worried amid uncertainties due to the coronavirus pandemic, Hongkong and Shanghai Banking Corp. (HSBC) Global Research said.

WHEN Tottenham Hotspur striker Son Heung-Min put the ball in the back of the net early in the second half against Crystal Palace in April of last year, he etched his name into history as the first player to score at his soccer club’s glistening new 62,000-seat north London home. Less than a year after his team’s triumphant 2-0 win that day, the £1-billion ($1.3-billion) stadium sat eerily empty as a coronavirus lockdown brought sports, and much of normal life, to a halt across the UK.

THE MANDATORY debt moratorium will be applicable to multiple existing, current, and outstanding loans by individuals and entities to give relief to borrowers amid the coronavirus crisis.

THE PESO inched up Tuesday as the government extended current quarantine measures in Metro Manila for another month and after the US government renewed talks on a stimulus package.

THE GOVERNMENT made a full award of the Treasury bills (T-bills) it offered on Monday as rates were mostly lower on strong demand ahead of the central bank’s policy meeting this week.

BANKS MAY BE more “selective” in granting credit card applications to compensate for compressed margins as a result of the finance charge limit set by the Bangko Sentral ng Pilipinas (BSP), said Alex G. Ilagan, executive director of the Credit Card Association of the Philippines.

THE PESO weakened on Monday as the market waits for the government’s announcement of quarantine measures for next month.