Gov’t partially awards T-bills as rates rise
THE GOVERNMENT made a partial award of the Treasury bills (T-bill) on offer yesterday as investors priced in the slower-than-expected inflation print for last month.
PBCom raises P2.9B from LTNCDs
PHILIPPINE BANK of Communications (PBCom) raised P2.9 billion from its offer of long-term negotiable certificates of deposit (LTNCD), which will be used to support its long-term funding business.
Decline in Asia dollar bond sales to spill into 2019 on yield woes, volatility
ASIA’S dollar bond sales are set to end 2018 with a whimper after a sizzling start. Next year’s prospects may prove dimmer, bankers and investors say.
Senate OKs bill strengthening SSS
THE SENATE on Monday passed on third and final reading the bill seeking to rationalize and expand the powers of the Social Security Commission (SSC), the governing board of the Social Security System (SSS).
RCBC partners with KB Kookmin Bank
RIZAL Commercial Banking Corp. (RCBC) has partnered with KB Kookmin Bank Korea, which will provide banking services and financial information assistance to Korean and Philippine firms.
Peso inches higher on inflation
THE PESO strengthened against the dollar on Monday as the slower-than-expected September inflation print continued to boost the attractiveness of the local currency.
Rates of T-bills, bonds on offer to climb on faster Sept. inflation
RATES OF government securities on offer this week will likely climb anew, with bids for the five-year Treasury bonds (T-bond) expected to be rejected, as investors price in the elevated September inflation print.
Infrastructure, connectivity issues impeding PHL e-payments growth
DIGITAL PAYMENTS remain pivotal in financial inclusion, industry players said, as physical and cultural issues are seen to be key barriers in serving the unbanked sector.
Peso to weaken on hawkish Fed
THE PESO is seen to weaken further this week as likely mixed US data and hawkish Federal Reserve officials may boost the attractiveness of the greenback.
Yields on gov’t debt rise
YIELDS on government securities went up last week as market players stayed cautious ahead of expectations of a faster September inflation print.
SSS pension loan availments hit over P100M
AVAILMENTS under the pension loan program of the Social Security System (SSS) reached over P100 million during the first month of implementation, the state-run firm said on Friday.
CLI secures P3-B loan from DBP
THE Development Bank of the Philippines (DBP) extended a P3-billion loan to a Cebu-based contractor planning to build a commercial center in Mandaue City.