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INFLATION likely slowed further in July as food prices sustained a decline, analysts said in a poll, adding that this would give space for the central bank to resume trimming benchmark interest rates after “a prudent pause” in its June 20 policy review.
THE Bangko Sentral ng Pilipinas (BSP) is expected to further reduce its interest rates and the bank reserve requirement ratio (RRR) on the back of easing inflation, First Metro Investment Corp. (FMIC) and University of Asia and the Pacific (UA&P) said.
THE PESO declined against the dollar on Thursday after the US Federal Reserve cut benchmark rates.
THE OVERALL RISE in prices of widely used goods could have eased to its slowest pace in more than two-and-a-half years last month, the central bank announced on Wednesday, citing lower rice and liquefied petroleum gas (LPG) prices, cheaper electricity rates and a stronger peso that made imports cheaper.
DEMAND FOR term deposits climbed on Wednesday but remained below program amid a higher offer volume from the Bangko Sentral ng Pilipinas (BSP) following the final phase of cuts to lenders’ reserve ratios.
THE PESO will likely move sideways against the dollar ahead of the possible policy easing of the US Federal Reserve.
THE government’s outstanding debt declined in June month-on-month on the back of loan repayments and currency fluctuations, the Bureau of the Treasury (BTr) said.
METROPOLITAN Bank & Trust Co.’s (Metrobank) net income in the second quarter rose 15.5% to P6.48 billion from a year earlier, buoyed by sustained loan and margin growth as well as fee-based profit, the lender said in a statement to the stock exchange on Friday.
UNIONBANK of the Philippines, Inc. launched its own stablecoin to provide rural banks under its blockchain-powered platform easier access to remittance and payments.
BANKS’ DEMAND for term deposits declined on Wednesday amid a higher offer volume from the Bangko Sentral ng Pilipinas (BSP) and ahead of the final phase of cuts to lenders’ reserve ratios.
LAND BANK of the Philippines (LANDBANK) is set to submit a report to Malacañang on its programs supporting the agriculture industry, after President Rodrigo R. Duterte threatened to abolish the bank for supposedly neglecting its mandate.
INFLATION could settle below the official full-year target this quarter as food and oil prices ease, BSP Governor Benjamin E. Diokno told reporters on Tuesday, citing “base effects” due to multi-year-high rates last year.
UNIONBANK of the Philippines, Inc. piloted its cross-border remittance service for local rural banks through blockchain, as it aims to push financial inclusion in rural areas.
THE NATIONAL GOVERNMENT’s fiscal balance swung to a deficit in June after two straight months of surplus -- even amid relatively flat state spending and a double-digit hike in tax collections -- with the first half nevertheless yielding a much smaller budget gap than a year ago, the Bureau of the Treasury reported on Monday.
PRU LIFE Insurance Corp. of UK (Pru Life UK) is eyeing to launch its asset management and trust subsidiary before the year ends, with the insurer already ironing out internal processes and requirements.
FOR much of history, banking was done in branch offices, but beginning in the late 20th Century, digitization began to creep in, allowing account holders ever more banking convenience without needing to leave their homes or offices. With tech revolutionizing banking, how will financial institutions keep their networks relevant?
RATES OF THE Treasury bills (T-bill) on offer today will likely end mixed amid expectations of policy rate cuts from the local and US central banks.