PHL credit information system on track to go live by January
STATE-RUN Credit Information Corp. (CIC) is on track to get the country’s centralized credit information system up and running by January next year, albeit...
BSP rediscount facility untouched last month
THE CENTRAL BANK’S rediscount window remained untapped in June, ahead of adjustments in the borrowing rates which will kick in this month.
In a statement,...
Peso slumps to new low
THE PESO weakened against the greenback yesterday, hitting a new 10-year low, as upbeat US jobs data supported the case for another interest rate...
AXA cites gains from deals with Metrobank, PSBank
AXA LIFE Insurance Corp.’s (AXA Philippines) bancassurance partnerships with Metropolitan Bank & Trust Co. (Metrobank) and its thrift banking arm Philippine Savings Bank (PSBank)...
Rates of 5-year bonds to climb
By Janine Marie D. Soliman,
Reporter
TREASURY BONDS (T-bonds) on offer tomorrow are expected to fetch higher yields, tracking rates of US Treasuries, and as market...
Yields on gov’t debt mixed
Yield Tracker
YIELDS on government securities (GS) ended mixed last week, amid a lack of consensus from the US Federal Reserve on its plans to...
Peso to weaken on positive US jobs data
THE PESO is set to weaken further this week versus the dollar after the US created higher-than-expected jobs, based on data released last Friday.
The...
Comprehensive credit data to prompt more banks to lend to ‘risky’ sectors
By Melissa Luz T. Lopez,
Senior Reporter
ACCESS to comprehensive credit data could prod more banks to lend to “risky” smaller firms, the new central bank...
BSP excludes clearing, settlement from SBL
By Melissa Luz T. Lopez,
Senior Reporter
THE CENTRAL BANK will exclude payment transactions of conglomerates from its computation of the single borrower's limit (SBL) of...
Peso rebounds ahead of US payrolls data
THE PESO rebounded versus the dollar on Friday due to profit-taking ahead of the release of US non-farm payrolls data.
The local currency finished at...
China Bank gets SEC okay for CBCC capital hike
CHINA BANKING Corp. (China Bank) has received the Securities and Exchange Commission’s (SEC) green light for its capital infusion into its investment house China...
AXA Philippines on track to meet growth targets
PHILIPPINE AXA Life Insurance Corp. (AXA Philippines) is on track with its growth goals as it seeks to be the number one life insurer...