Goldman Sachs changes Asia investment banking leadership
HONG KONG — Goldman Sachs Group Inc. has named veteran banker Todd Leland as its investment banking head for Asia Pacific excluding Japan, according to an internal memo seen by Reuters, adding to leadership changes at the bank with CEO David Solomon taking over this month.
Peso weakens on geopolitical concerns
THE PESO weakened against the dollar on Monday due to safe-haven demand amid lingering geopolitical concerns in the European Union (EU).
Rates of T-bills, bonds to climb
RATES of government securities on offer this week will likely climb anew amid weak demand as investors await possible policy tightening moves from the local and US central banks.
Bank economists flag upside inflation risks
BANK ECONOMISTS expect inflation to remain elevated during the last three months of 2018, with some noting that prices may surge faster by yearend.
Peso to move sideways on mixed leads
THE PESO will likely move sideways against the dollar this week amid mixed economic and political signals abroad.
FATF to set first rules on cryptocurrencies
PARIS — The global watchdog for money laundering will set up its first rules on oversight of cryptocurrencies by June, a major step towards creating international standards for an asset currently subject to patchy regulations.
FX purchases still require forms despite liberalized rules − BSP
ALL PURCHASES of foreign currency should still come with corresponding application forms to be submitted to the Bangko Sentral ng Pilipinas (BSP), the regulator clarified, even as it is easing rules on such transactions.
Lingering price concerns push up gov’t debt yields
YIELDS ON government securities went up last week as investors stayed defensive due to inflation concerns.
BSP to require banks to report glitches within two hours
BANKS and other financial firms will soon be required to report cyber attacks and similar technology-related glitches within two hours, following the approval of new rules by the central bank.
Peso recovers to log fresh one-month high
THE PESO recovered on Friday to its strongest rate in over a month, supported by cues for succeeding rate hikes from the central bank coupled with big fund inflows.
China Bank raises $150M via maiden green bond issue
CHINA Banking Corp. (China Bank) has issued $150 million in green bonds to fund climate change mitigation projects.
Small lenders not prepared for shift to digital
SMALLER BANKS in the Philippines are not ready to adopt digital technology in offering financial services due to outdated internal systems, according to an industry report, with low willingness to invest for upgrades.