Banks borrow P3M from rediscount window in Aug.
LENDERS LOGGED minimal availments from the rediscount window of the Bangko Sentral ng Pilipinas (BSP) in August, showing banks are still armed with enough cash to service their clients’ needs.
Revamped currency bills in circulation hit P24.5 billion
THE central bank has circulated 29 million pieces of the enhanced New Generation Currency (NGC) worth P24.5 billion, with the new bills expected to...
Dual transformation: Now is the right time
By Reynaldo C. Lugtu, Jr.
The coronavirus pandemic has forced companies to adopt digital transformation and change how they create, deliver, and capture value to their customers.
Peso climbs as oil prices decline
THE PESO strengthened on Thursday as oil prices declined further and as the Philippine government allowed more public transportation modes to operate
Peso set to stumble with drop in foreign bond sales
Philippine borrowers are looking to raise fewer bonds overseas in the coming months, taking away a pillar of strength for the peso.
The peso led...
Yields on term deposits inch up as BSP sets first bond offering
YIELDS ON the term deposits auctioned off by the Bangko Sentral ng Pilipinas (BSP) mostly inched up on Wednesday amid an increase in bond supply in the market, with the central bank set to make its maiden issue of securities next week.
Bank of Thailand head sees stronger fiscal role for recovery
THAILAND’S OUTGOING central bank governor said public debt restrictions should be eased to allow the government to spend more as monetary policy options dwindle with interest rates already at an all-time low.
Peso drops as Fitch cuts outlook for PHL economy
THE PESO weakened against the dollar on Wednesday as Fitch Ratings penciled in a deeper contraction for the Philippine economy.
Gov’t makes full award of fresh 3-year bonds on strong appetite
THE GOVERNMENT made a full award of fresh three-year Treasury bonds (T-bonds) it offered on Tuesday as rates declined as investors prefer shorter tenors amid an unstable economic environment.
BoJ loan program risks revival of ‘zombie’ firms
THE BANK OF Japan’s (BoJ) loan programs to help businesses ride out the recession run the risk of creating more zombie companies if they are kept in place for too long, analysts warn.
Peso up as cases decline
THE PESO strengthened against the dollar on Tuesday as the country recorded fewer cases of coronavirus disease 2019 (COVID-19).
Gov’t makes full award of T-bills as strong demand keeps rates low
THE government made a full award of the Treasury bills (T-bills) it offered on Monday even as some tenors fetched higher rates as demand for the short-term securities remained strong.