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Gov’t makes partial T-bills award

THE GOVERNMENT partially awarded the Treasury bills (T-bill) on offer yesterday as rates climbed across all tenors due to market expectations of fresh monetary tightening by the local and US central banks.

Metrobank offers LTNCDs

METROPOLITAN BANK & Trust Co. (Metrobank) started offering long-term negotiable certificates of time deposit (LTNCD) on Monday to diversify its funding sources.

Peso weakens versus dollar

THE PESO weakened against the dollar on Monday as it slipped back to the P54 level due to the continued trade spat between the United States and China and amid stronger-than-expected remittance growth.

T-bill rates seen to rise

RATES OF Treasury bills (T-bill) on offer today will likely climb as demand is seen to remain subdued as investors await rate hikes from the local and US central banks.

Philam Life plans microinsurance venture

THE PHILIPPINE American Life and General Insurance Co. (Philam Life) is looking at venturing into the microinsurance business as it works towards narrowing the protection gap among Filipinos.

Peso to drop on trade clash

THE PESO will likely weaken against the dollar this week amid safe-haven buying due to continuing trade tensions between the United States and China.

Foreign debt down 0.4% at end-June

OUTSTANDING foreign debt declined at the end of June as companies and the national government paid down their obligations, the Bangko Sentral ng Pilipinas (BSP) said.

Peso firmer after below-forecast US inflation

THE peso firmed below the P54-to-the-dollar level, after the US currency weakened after the release of lower-than-expected inflation data.

FINTQ to roll out digital credit scoring system

FINTQnologies Corp. (FINTQ) is set to launch a digital credit scoring system help lending institutions assess the creditworthiness of their clients.

Peso rebounds ahead of BSP meet, US-China talks

THE PESO recovered against the dollar on Thursday as investors await a possible emergency meeting of the local central bank last night and amid the trade talk offer of the United States to China.

Bank of Makati’s loan growth surpasses 20% target

BANK OF MAKATI (A Savings Bank), Inc. (BMI) has exceeded its target loan growth for the year driven by strong demand for motorcycle loans.

BSP hoping to push financial literacy in K-12 curriculum

THE Bangko Sentral ng Pilipinas (BSP) said it is working with the Department of Education (DepEd) to incorporate financial literacy in the K-12 curriculum as a means to increase financial inclusion.

Peso sinks to P54:$1 on trade spat

THE PESO weakened to a new 12-year low against the dollar on Wednesday, breaching the P54 level due to corporate demand and amid continued trade tensions between the United States and China.

Gov’t rejects all bids for T-bonds as investors ask for higher...

THE GOVERNMENT rejected all bids for the reissued 10-year Treasury bonds (T-bond) it offered yesterday as investors demanded higher rates amid market expectations of another rate hike from the local central bank.

Health care inflation seen topping 13% in 2018

INFLATION in health care costs will remain in the double digits in 2018, driven by non-communicable diseases, an international employee benefits firm said.

Peso nears P54:$1 level on trade tensions, data

THE PESO weakened against the dollar on Tuesday as it inched closer to the P54 level amid continued cautiousness over trade tensions abroad fuelled by a wider local trade deficit in July.

Gov’t makes partial award of T-bills as rates rise

THE GOVERNMENT made a partial award of the Treasury bills (T-bill) on offer yesterday, even with yields climbing across all tenors as investors await the possible rate hike by the local central bank following the faster-than-expected August inflation print.

RCBC offers first tranche of P20-B LTNCD program

RIZAL COMMERCIAL Banking Corp. (RCBC) has started its offer the first tranche of its P20-billion long-term negotiable certificates of deposit (LTNCD) program to raise funds.

Peso weakens to fresh trough on positive US data, trade tensions

THE PESO slumped to a fresh 12-year low against the dollar on Monday due to upbeat labor data in the United States and concerns on the escalating trade spat between Washington and Beijing.

Rates of T-bills, bonds to go up on rate bets

GOVERNMENT securities on offer this week will likely fetch higher rates as investors await another rate hike from the central bank following the faster-than-expected August inflation print.

Peso to move sideways amid ongoing trade tensions

THE PESO will likely move sideways against the dollar this week as investors look at the continuous trade tensions abroad amid strong labor data in the United States.

Smaller banks ask for more time to build up buffers for...

THE Chamber of Thrift Banks (CTB) urged the Bangko Sentral ng Pilipinas (BSP) to push back the implementation of new liquidity requirements by a year as smaller lenders need more time to build up their capital, a top official said.

DBP books higher net income in first semester

THE Development Bank of the Philippines (DBP) saw its net income rise in the first half of the year supported by its robust lending and deposit businesses.

Peso recovers on hawkish BSP

THE PESO rebounded slightly versus the dollar on Friday, even as it almost hit the P54 level intraday, following the local central bank’s hint of another rate hike this month.

PHL economy seen to withstand further tightening

THE ECONOMY can withstand further policy tightening from the Bangko Sentral ng Pilipinas (BSP), even as it fired off its strongest response in a decade last month, according to the minutes of the Monetary Board meeting.

UnionBank to raise P20 billion via bonds, commercial papers

UNIONBANK of the Philippines is set to raise P20 billion through issuance of peso-denominated debt instruments to raise fresh funds.

Peso weakens to near 13-year low

THE PESO weakened against the dollar to a near 13-year low on Thursday amid risk-off sentiment due to continued concern over trade tensions overseas.

TDF rates up as demand weakens

RATES FETCHED for term deposits climbed anew this week as demand dropped from last week to come up short of the total offer following the release of the August inflation print.

CBS, MCBL partner with DepEd on salary loans

CHINA BANK Savings, Inc. (CBS) and Manulife China Bank Life Assurance Corp. (MCBL) are set to provide automatic payroll deduction salary loans that come with free life insurance.

Peso declines on inflation data

THE PESO weakened against the dollar to a fresh 12-year low on Wednesday following the faster-than-expected August inflation print.

Maternity leave bill seen to deplete SSS’ finances

THE MEASURE seeking to extend paid maternity leave will have a “serious implication” on the Social Security System’s (SSS) finances, a top official said while urging the government anew to hike its contribution rate.

PDIC to bid out residential lots, other assets of shuttered GSIS...

RESIDENTIAL LOTS owned by the closed thrift bank of Government Service Insurance System (GSIS) worth P184.9 million will be disposed by the Philippine Deposit Insurance Corp. (PDIC) through a public bidding.

PVB rolls out online banking services

PHILIPPINE Veterans Bank (PVB) is set to launch online and mobile banking services as it embarks on its digital transformation.

Peso drops vs dollar

THE PESO declined on Tuesday, with the dollar strengthening against major currencies, as investors remained cautious over trade tensions abroad.

SSS rolls out loan facility for retirees

THE SOCIAL Security System (SSS) on Monday launched the Pension Loan Program (PLP), allowing 1.3 million retiree pensioners to borrow funds.

BDO sets up P100-B peso bond program

BDO UNIBANK, Inc. has established a peso-denominated bond program of up to P100 billion to raise fresh funds.

FWD Philippines rolls out custom insurance product

FWD LIFE Insurance Corp. (FWD Philippines) has launched a line of customizable protection plans to better serve the needs of its clients.

Peso climbs slightly on Trump comments, inflation data bets

THE PESO went up a tad against the dollar on Monday amid safe-haven trading due to remarks from US President Donald J. Trump.

T-bill rates likely to climb further

YIELDS ON Treasury bills (T-bill) on offer this week will likely inch up as investors await the local inflation print as well as a possible rate hike from the US central bank.

Peso seen range-bound ahead of inflation data

THE PESO is seen to move sideways against the dollar this week as investors price in geopolitical developments abroad and await the release of local inflation data.

Outstanding debt inches up in July at P7.044 trillion

By Karl Angelo N. Vidal, Reporter THE government’s outstanding debt inched up in July on the back of net availments on both domestic and foreign...

Peso weakens amid further trade war worries

THE peso weakened against the dollar on Friday as risk appetite was subdued following remarks by US President Donald J. Trump on the trade war with China.

Security Bank sets up $1-B note facility

SECURITY BANK Corp. has set up a medium-term note (MTN) facility of up to $1 billion as it seeks to tap offshore capital markets for financing.

Insurance Commission junks PGA, Marsh cases

THE INSURANCE Commission (IC) junked the complaints filed by Prudential Guarantee and Assurance, Inc. (PGA) and Marsh Philippines, Inc. against each other for allegedly breaching insurance laws.

Peso up on US trade talks

THE PESO strengthened a tad against the dollar on Thursday as risk appetite improved on the back of trade negotiations between the United States and Canada.