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S&P ups PHL banks’ risk assessment

S&P GLOBAL Ratings has upgraded its risk assessment on the Philippine banking industry, supported by the sector’s improved credit fundamentals. The credit rater said it...

S&P upgrades Security Bank to investment grade, affirms rating for DBP

S&P Global Ratings bumped up its credit ratings on Security Bank Corp., while affirming its ratings on Development Bank of the Philippines (DBP) following...

Yields on Treasury bills, bonds seen mixed after BSP rate hike

YIELDS on government securities to be offered this week will likely end mixed amid market expectations of a big issuance from the Bureau of...

Peso likely to weaken as dollar climbs further on positive data

THE PESO will likely weaken this week as the dollar is seen to remain “relatively strong” amid mixed US economic data as well as...

Yields on T-bills seen mixed this week

Yields of the government securities on offer this week will likely end mixed amid market expectation on a big issuance from the Bureau of...

Peso seen to weaken as dollar strengthens on mixed data

The peso will likely weaken this week as the dollar is seen to remain "relatively strong" amid mixed data. On Friday, May 11, the peso...

BPI still studying use of blockchain technology

BANK OF THE Philippine Islands (BPI) is not yet keen on using blockchain technology as the lender is still studying the applicability to banking...

RCBC net income up 13% in 1st quarter

RIZAL Commercial Banking Corp. (RCBC) reported its net income went up 13% in the first quarter supported by robust loan growth and reduction in...

Peso falls vs US dollar after BSP rate hike

THE peso dropped against the dollar on Friday following the “dovish” remarks from the Bangko Sentral ng Pilipinas (BSP), which raised interest rates for...

Treasury may trim offer of one-year securities

THE BUREAU of the Treasury (BTr) will “revisit” its offer volume for the one-year government securities amid weak demand. Deputy Treasurer Erwin D. Sta. Ana...

Peso climbs ahead of BSP decision

THE PESO strengthened against the dollar on Thursday in anticipation of the Bangko Sentral ng Pilipinas’ (BSP) tightening move. The peso ended the session at...

BTr may tweak volume of one-year T-bills amid lukewarm demand

The Bureau of the Treasury (BTr) said it will "revisit" the volume of the Treasury bill's one-year tenor amid lukewarm demand for the said...

LANDBANK income up 52%

Land Bank of the Philippines (LANDBANK) saw its net income surge in the first quarter, supported by strong growth in loans. The state-run lender said...

BDO Leasing net earnings decline in first quarter

BDO LEASING and Finance, Inc. (BDO Leasing) saw a decline in its net income in the first quarter amid higher funding costs. In a disclosure...

Peso drops back to P52:$1 level

THE PESO dropped on Wednesday, retreating to the P52 level, as the dollar strengthened across a band of currencies. The local currency closed yesterday’s session...

Peso tracks weakness of other currencies’ vs dollar

The peso slipped on Wednesday, May 9, retreating to the P52 level, as the dollar strengthened across a band of currencies and amid the...

LANBANK first-quarter profit rises on robust loan growth

Land Bank of the Philippines (LANDBANK) saw its net income surge by half in the first quarter, supported by strong profit growth in loans. The...