Global Crypto Hub starts operations
By Melissa Luz T. Lopez,
Senior Reporter
BANGKOK-BASED Global Crypto Hub has started operations in the Philippines, with plans to dangle an initial coin offering (ICO)...
Rediscount facility untapped
THE REDISCOUNT WINDOW offered by the Bangko Sentral ng Pilipinas (BSP) stood untapped in January amid ample money supply held by banks, just as...
Deutsche Bank to focus on graduate recruitment in bid to revive equities unit
PETER SELMAN, hired out of retirement by Deutsche Bank AG to turn around Wall Street’s worst-hit equities business, wants to tap universities rather than...
UBS increases Asia bonus pool
UBS GROUP AG boosted the 2017 bonus pool for its investment bankers in the Asia-Pacific region by about 6%, reflecting a rebound in dealmaking...
Peso plunges to 11-year trough
THE PESO plunged to an 11-year low against the dollar on Monday even as equity markets corrected amid hopes for the US Federal Reserve...
Two-week term deposits on offer this week amid investor demand
By Melissa Luz T. Lopez,
Senior Reporter
THE Bangko Sentral ng Pilipinas (BSP) will start offering two-week term deposits this week in response to “strong interest”...
Yields on gov’t debt climb on inflation, hawkish BSP
YIELDS on government securities (GS) rose last week amid a risk-off tone in the market due to concerns on near-term inflation as well as...
Treasury bills to fetch higher rates at auction
YIELDS on Treasury bills (T-bills) on auction today are seen moving sideways as market players are on a wait-and-see mode amid lack of fresh...
Bitcoin finds a bottom as risk aversion grips marts
WHAT’S SUPPOSED to be the most volatile asset in the universe is proving to be a bastion of stability compared with wild swings and...
Peso to weaken further on mixed US, Japan data
THE PESO is seen to weaken further this week as the greenback is expected to be supported by slightly upbeat US economic data and...
BSP sets minimum liquidity ratio for small lenders
By Melissa Luz T. Lopez, Senior Reporter
THE CENTRAL BANK will impose liquidity standards on small banks by 2019, parallel to a measure imposed on...
China Bank net profit up 15%
CHINA BANKING Corp. (China Bank) saw its net income grow in 2017 on the back of sustained growth in its core and fee-based businesses.
In...