Pre-need industry seen to rebound from Q1 net loss
THE PRE-NEED industry could expand in the coming months and reverse the loss it booked in the first quarter as fresh players are set...
Peso rebounds vs dollar
THE PESO rebounded versus the dollar on Tuesday from a fresh 10-year low after the Bangko Sentral ng Pilipinas (BSP) stepped in during the...
Big banks’ NPL ratio down at end-May
THE SHARE of soured loans held by big banks declined further in May, latest central bank data showed, even as bank lending posted a...
China mulling PBoC lead role in financial oversight
CHINA is considering handing the nation’s central bank a key role in coordinating financial oversight, in order to focus efforts on reining in risk...
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...