Dubai’s biggest Islamic bank weighs acquisition of rival
DUBAI ISLAMIC Bank PJSC, the United Arab Emirates’ biggest Islamic lender, is weighing the possible acquisition of its smaller rival Noor Bank PJSC.
BDO books higher Q1 income on core businesses
BDO UNIBANK, Inc. saw its net income soar the first quarter of 2019, as core banking operations continued to expand while trading gains normalized.
Gov’t makes partial award of Treasury bills as yields on longer tenors rise
THE GOVERNMENT made a partial award of Treasury bills (T-bill) it offered on Monday as yields for longer tenors went up amid weaker demand.
Nomura chief executive vows to stay independent, implement cost cuts
NOMURA HOLDINGS Inc.’s chief executive vowed to keep Japan’s biggest brokerage independent and quickly implement his latest turnaround plan as a slumping share price puts the question of a potential merger in focus.
BI seen holding key rate now, cutting later in 2019
JAKARTA — Indonesia’s central bank will keep interest rates on hold on Thursday, a Reuters poll showed, though some economists say a rate cut to bolster economic growth is coming — and one sees a possible trim next month.
Peso returns to P52:$1 on US retail sales data
THE PESO fell on Monday as the dollar strengthened over the long weekend following positive retail sales data in the United States.
Gov’t debt rates seen mixed
GOVERNMENT SECURITIES (GS) on offer this week will likely end mixed propelled by higher US Treasury yields and amid anticipation of policy action from the local central bank.
Yields climb on easing bets ahead of break
YIELDS ON government securities (GS) rose slightly last week amid expectations of monetary policy easing and continued global market correction as well as the holiday-shortened trading week.
Peso to climb on US-China talks
THE PESO is seen to strengthen against the dollar this week on the back of upbeat expectations on US-China trade talks.
Yields on one-week term deposits drop
YIELDS on the one-week term deposits eased on Wednesday as the central bank lowered the volume of its facility to a record low.
Risks to inflation “evenly balanced”
INFLATION RISKS are seen “evenly balanced” this year, even with the rise in prices expected to settle firmly within the government’s target, the Bangko Sentral ng Pilipinas (BSP) said.
Peso ends flat on positioning ahead of break
THE PESO was steady against the dollar on Wednesday amid volatile trading and positioning by market players ahead of the Holy Week break.