THE PESO will likely weaken anew this week due to escalated geopolitical tensions overseas and in anticipation of the possible policy tightening of the local and US central banks.
THE government is hoping to raise P50-60 billion from retail Treasury bonds (RTB) next month to fund the rehabilitation of Marawi City, Task Force Bangon Marawi (TFBM) said Thursday.
THE PESO weakened against the dollar on Thursday due to corporate demand ahead of expected monetary policy tightening by the local and US central banks.
THE PESO strengthened on Wednesday as safe-haven demand for the dollar declined even as trade tensions between the United States and China escalated further.
THE PHILIPPINE banking system will likely benefit from fast-growing prime-age populations, Moody’s Investors Service said, flagging concerns on proximity to lenders as a key hurdle to penetration.
THE PHILIPPINE Bank of Communications (PBCom) started offering long-term negotiable certificates of time deposit (LTNCD) on Monday to strengthen its long-term funding.