After hike, Fed minutes may hint on path ahead
MARKET PARTICIPANTS have a burning question for the Federal Reserve: How high will policy makers hike interest rates before pausing for a breather?
Yuan’s narrow range helps keep riskier marts buoyant
CHINA’S YUAN has been stuck in a tight range since the nation’s financial markets reopened after a stretch of October holidays, quelling currency volatility globally and buoying risk sentiment.
Peso strengthens further vs dollar
THE PESO strengthened further on Wednesday to log a fresh one-month high, even as the dollar climbed on the back of a rebound in global equity markets.
PSBank looks to raise P8 billion via stock rights offer in Q1 2019
PHILIPPINE SAVINGS Bank (PSBank) is set to raise approximately P8 billion through a stock rights offer (SRO) next quarter to support its growth.
BSP tightens standards for savings, loan associations
THE CENTRAL BANK is tightening rules covering non-stock savings and loan associations (NSSLAs) by capping service fees and requiring risk management protocols to enhance oversight.
Getting loans still difficult for China’s small firms
BEIJING — Beijing is keen to show results after four rounds of policy easing, so China’s big banks are playing along, highlighting their efforts to boost lending to cash-starved small firms, offering collateral waivers and setting loan targets.
Pag-IBIG’s housing loan disbursements up as of Sept.
STATE-RUN Home Development Mutual Fund (Pag-IBIG Fund) saw its housing loan releases climb in the first nine months of the year, in line with its goal of higher disbursements.
Peso rises to one-month high
THE PESO strengthened to a one-month high on Tuesday as the dollar weakened due to lower-than-expected US retail data and negative sentiment at Wall Street.
Treasury makes partial award of T-bills amid lukewarm demand
THE GOVERNMENT partially awarded the Treasury bills (T-bill) it offered on Monday, rejecting all bids for the shortest tenor amid lukewarm demand, as the market continues to price in the local inflation print for September.
HSBC appoints new president and CEO for PHL
THE HONGKONG and Shanghai Banking Corp. on Monday named a new president and CEO for its Philippine operations after its former chief left the bank to head a local lender.
China Bank, AF Payments ink deal for Beep reloading
CHINA BANKING Corp. (China Bank) said its automated teller machines (ATM) can now be used by its cardholders to top up their “Beep” cards.
Peso climbs on offshore selling
Peso climbs on offshore selling