T-bills partially awarded
THE GOVERNMENT made a partial award of the Treasury bills (T-bill) it planned to raise on Monday as investors flocked to the shorter tenors.
The...
IC approves Pru Life UK, Robinsons Bank sales deal
THE INSURANCE Commission (IC) has approved the bancassurance deal between Robinsons Bank Corp. and Pru Life UK.
In a statement sent to reporters on Monday,...
HK currency defense tops $1.2 billion
THE Hong Kong dollar remains stuck at the weak end of its currency band, even after the monetary authority plowed $1.2 billion into defending...
Peso drops on weak remittances
THE PESO weakened against the dollar on Monday as data on money sent home by Filipinos overseas in February came out weaker than expected.
The...
T-bills, T-bonds to track US rates amid Fed bets
YIELDS on government securities on offer this week will likely end mixed as investors track the movement of US bonds and wait for the...
Yields on gov’t debt rise on inflation expectations
MARKET EXPECTATIONS of faster inflation at home and developments abroad caused yields on local government securities (GS) to move upwards last week.
GS yields rose...
BSP looks to ease loan pricing rules
THE CENTRAL BANK is looking to allow banks more leeway in setting loan rates for retail clients in order to provide cheaper credit for...
Peso expected to move sideways amid rising geopolitical tensions
THE PESO will likely move sideways against the dollar this week due to escalating geopolitical tensions abroad amid upbeat economic developments in the US.
Last...
PNB gets SGX approval for term note program
PHILIPPINE National Bank (PNB) has secured approval from the Singapore Stock Exchange (SGX) for the listing of its $1-billion medium-term note (MTN) issuance.
The Tan-led...
Peso climbs amid continued overseas tensions
THE PESO strengthened against the dollar on Friday on the back of a slightly weaker dollar amid continued geopolitical tensions abroad.
The local currency closed...
Metrobank raises P60B from SRO
METROPOLITAN BANK & Trust Co. (Metrobank) has completed its stock rights offer (SRO), raising P60 billion to fund its business operations and expansion.
In a...
Insurance Commission approves Fullerton Health’s PHL market entry
THE Insurance Commission (IC) has approved Singapore-based Fullerton Health Philippines Pte. Ltd. acquisition of two licensed health maintenance organizations (HMO).
The IC said in a...