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Gov’t fully awards bonds

THE GOVERNMENT accepted all bids for the reissued three-year Treasury bonds (T-bond) it offered on Wednesday even as rates went up due to inflation expectations and amid excess liquidity in the market.

UnionBank sets SRO’s final terms

UNIONBANK of the Philippines has set the final terms for its stock rights offering (SRO), through which it is looking to raise about P10 billion to support expansion.

BPI raises $600M from senior notes

BANK OF THE Philippine Islands (BPI) raised $600 million through a senior unsecured note drawdown to maximize flexibility in offshore funding and diversify its liquidity sources.

Peso weakens vs dollar as market turns cautious

THE PESO weakened against the dollar on Wednesday as investors were cautious on the trade negotiations in North America.

Gov’t to tap yen, yuan bond markets anew

THE GOVERNMENT is set to return to Chinese and Japanese bond markets within 12-18 months as part of its financing program for next year.

Offer of Treasury bills awarded fully

THE GOVERNMENT fully awarded the Treasury bills (T-bill) it auctioned off on Tuesday even as rates climbed across all tenors amid strong liquidity in the market.

Peso strengthens vs dollar

THE PESO strengthened versus the dollar on Tuesday following the speech of the Federal Reserve chairman as well as the trade pact between US and Mexico.

Peso may weaken on Fed chief’s speech

THE PESO is seen to move sideways this week as the dollar may strengthen a tad following the US Federal Reserve chair’s speech and amid lingering geopolitical tensions overseas.

Robinsons Bank expects BSP okay for merchant acquiring business this month

ROBINSONS BANK Corp. expects its merchant acquiring business to be approved by the central bank within the month as it aims to expand its product offering and maximize its big retail ecosystem.

T-bill, T-bond rates seen sideways

YIELDS ON government securities on offer this week will likely move sideways as demand is expected to pick up amid excess liquidity in the market as inflation expectations start to “taper off.”

CitySavings Bank sees softer 2018 loan growth

CITYSAVINGS BANK, Inc., the thrift banking arm of UnionBank of the Philippines, expects its lending to ease this year due to the issues on credit for teachers, even as it sees a recovery in the second half of the year.

BPI eyes senior note drawdown

BANK OF THE Philippine Islands (BPI) is eyeing to raise funds through a senior unsecured note drawdown.

Peso weakens further on hawkish US Fed minutes

THE PESO weakened further against the dollar on Thursday following the minutes of the latest meeting of the US Federal Reserve and amid trade negotiations between Beijing and Washington.

Treasury to use new settlement system for auctions next week

THE BUREAU of the Treasury (BTr) will use a new settlement system starting next week as part of efforts to modernize its auction platform and the registry of securities.

Allianz PNB looking to offer microinsurance products

ALLIANZ PNB Life Insurance, Inc. plans to venture into the microinsurance business to help narrow the country’s protection gap.

Peso drops ahead of trade talks

THE PESO weakened against the dollar on Wednesday as investors continued to monitor trade talks between China and the United States as the local market reopened after a holiday.

LANDBANK books higher net profit in 2nd quarter

LAND BANK of the Philippines (LANDBANK) posted a higher net income in the second quarter of the year propelled by steady growth in its loan portfolio.

Peso to weaken on Fed

THE PESO is seen to weaken against the dollar for the rest of the week as investors expect the minutes of the latest meeting of the US Federal Reserve to support further monetary policy tightening.

T-bills fully awarded on strong liquidity

THE GOVERNMENT made another full award of the Treasury bills (T-bill) it auctioned off on Monday as rates slipped across all tenors on the back of additional liquidity in the market amid P91-billion worth of maturing state debt.

Security Bank’s ratings affirmed

MOODY’S INVESTORS Service has affirmed its investment-grade rating for Security Bank Corp., also maintaining its “stable” outlook.

Veloso steps down as president of HSBC Philippines

HSBC (Philippines), Ltd. said its president and chief executive officer Jose Arnulfo “Wick” A. Veloso has stepped down from his position.

Peso books slight gains vs dollar ahead of low-level US-China talks

THE PESO strengthened slightly against the dollar on Monday as markets await the minutes of the latest meeting of the US Federal Reserve and trade talks between Washington and Beijing.

T-bills to fetch lower rates

TREASURY BILLS (T-bills) on offer today will likely fetch lower rates on the back of strong demand for papers in the short end of the curve amid excess liquidity in the market.

Peso likely to strengthen

THE PESO will likely strengthen on Monday, with the dollar seen to depreciate as risk appetite improves following positive developments in the trade relations between the United States and China.

UCPB first-half profit little changed on increased provisions

UNITED Coconut Planters Bank (UCPB) said net profit was flat in the first half with operating income growth tempered by higher provisioning for loan losses.

Security Bank may go branch-lite for underserved areas

SECURITY Bank Corp. is considering establishing more branch-lite units to expand its network to untapped and unbanked areas.

Peso firms in thin trading as US, China resume trade talks

THE peso firmed against the dollar on Friday as the announcement of trade talks between China and the United States next week encouraged some risk-on sentiment on the market, though trading came in a narrow range and volume declined.

DoTr chief targets November for resolving license-plate backlog

THE Department of Transportation (DOTr) said it will be able to tackle the license plate backlog by November as license plates are now being manufactured in the country.

BPI Direct BanKo sees loans growing sixfold this year

BPI DIRECT BanKo, Inc., the microfinance arm of listed Bank of the Philippine Islands (BPI), expects its loans to grow sixfold this year supported by its aggressive branch expansion.

Peso rebounds against US dollar as Qatar’s pledge supports lira

THE PESO strengthened slightly against the dollar on Thursday as Qatar’s investment pledge supported the Turkish lira.

Insurance industry posts premium growth in first half

THE INSURANCE INDUSTRY booked a double-digit increase in the first half as all sectors posted robust growth, the Insurance Commission (IC) said on Wednesday.

Allianz PNB Life Insurance to craft more products for millennials

ALLIANZ PNB Life Insurance, Inc. is gearing up to attract more young Filipinos to get protected as it launched an insurance product designed for millennials.

Peso weakens further as market remains cautious

THE PESO declined further against the dollar on Wednesday to hit a three-week low as investors continued to flock to safe-haven currencies due to concerns over the Turkish economy.

EastWest Bank profit drops

EAST WEST Banking Corp. (EastWest Bank) saw its net income inch down in the first half of the year following the suspension of the public school teachers’ salary loan program.

PIRA optimistic on microinsurance sector

THE PHILIPPINE Insurers and Reinsurers Association, Inc. (PIRA) is optimistic on opportunities to expand the microinsurance segment, which could improve insurance penetration in the country.

Peso declines on risk-off mood

THE PESO slipped further against the dollar on Tuesday due to continued risk-off sentiment in the market due to concerns over the Turkish economy.

Gov’t raises P15B as planned via T-bills

THE GOVERNMENT made another full award of the Treasury bills (T-bill) it auctioned off on Monday as rates slipped across all tenors following further policy tightening by the central bank.

Security Bank launches two equity feeder funds

SECURITY BANK Corp. launched two funds which allow investors to put their money in developed and emerging markets worldwide.

Peso drops on Turkey’s troubles

THE PESO plunged against the dollar on Monday, tracking the movement of the Asian currencies following the crash of the Turkish lira.

Rates of gov’t securities to move sideways after fresh BSP rate...

YIELDS on government securities on offer this week will likely move sideways following the policy tightening by the central bank.

UnionBank using blockchain for more processes

UNION BANK of the Philippines, Inc. has adopted blockchain in more internal processes to cut operational costs and further learn the technology.

Peso seen mixed after rate move

THE PESO will likely move sideways against the dollar this week ahead of likely mixed economic data in the United States and following the policy rate adjustment by the local central bank.

PSBank books higher net profit in first half on interest earnings

PHILIPPINE SAVINGS Bank (PSBank) reported higher net earnings in the first half of the year on the back of strong net interest income and service fees.

Peso slips on slower GDP growth

THE PESO slipped against the dollar on Thursday following data showing slower-than-expected Philippine economic growth in the second quarter and ahead of the central bank’s move to raise interest rates anew.

UnionBank expects faster loan growth

UNION BANK of the Philippines, Inc. expects its loan portfolio growth to accelerate further in the third quarter after it resolved issues on credit for teachers.