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TDF yields mixed on geopolitical concerns

TERM DEPOSIT yields were mixed on Wednesday on the back of an escalation of oil prices brought about by worries from the attack on Saudi Arabia’s oil facility.

BSP: Rate cut still in cards despite oil fears

PROSPECTS of monetary policy easing towards yearend -- through cuts in benchmark interest rates and banks’ reserve requirement ratio (RRR) -- are intact despite worries about oil price spikes after last week’s attack on Saudi Aramco’s processing facilities, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said on Wednesday, supporting views on Tuesday of a senior BSP official and private sector economists that inflation will likely keep to the official 2-4% full-year target.

Peso climbs ahead of Fed meet

THE PESO continued to recover on Wednesday on the market’s anticipations of a rate cut by the US Federal Reserve and amid stabilizing oil prices after Saudi reported progress in restoring its oil facility.

Saudi attack’s inflation risk watched

ATTACKS last Saturday on Saudi Aramco’s processing facilities could ignite inflation risks for the short term, even as the pace of overall price increase should stay well within the official 2-4% full-year target due to base effects, a senior official of the Bangko Sentral ng Pilipinas (BSP) and private economists said on Tuesday.

PHL banks’ real estate exposure ‘modest’

PHILIPPINE BANKS’ “modest” property exposures and robust demand for real estate loans help mitigate risks from the sector amid a challenging operating environment, Fitch Ratings, Inc. said in a report.

Peso inches higher on US-Japan deal, FOMC

THE PESO rose slightly on Tuesday amid optimism on the United States and Japan’s trade pact and ahead of the policy meeting of the US Federal Reserve.

Remittances recover in July to grow fastest in nine months —...

MONEY SENT HOME by overseas Filipino workers (OFW) recovered in July from June’s drop to post the fastest growth in nine months, according to data the Bangko Sentral ng Pilipinas (BSP) released on Monday.

Online lenders, fintechs to adopt code of ethics

A CODE OF ethics for online lenders has been created to safeguard borrowers from abusive practices of financial technology (fintech) players such as shaming them in times of default and late payments and to foster transparency for both creditors and borrowers.

Peso drops on risk-off sentiment after attack on Saudi oil facilities

THE PESO weakened against the dollar as investors flocked to safe havens after an attack on Saudi Arabia’s oil facilities drove up crude prices and worsened tensions between the United States and Iran.

Foreign debt inches up but still ‘prudent’ — BSP

THE COUNTRY’S outstanding external debt edged up last quarter from the preceding three months, but has remained manageable, the Bangko Sentral ng Pilipinas (BSP) said in a Sept. 13 media release e-mailed on Sunday.

Peso seen sideways ahead of Fed

THE PESO may move sideways this week amid expectations of an interest rate cut by the US Federal Reserve and geopolitical tensions.

BSP likely to cut policy rates this month

TARLAC — The central bank will cut benchmark interest rates as early as this month, with the regulator also studying when to implement further reductions to lenders’ reserve ratios.

BSP to move currency production facility to New Clark City

TARLAC — The Bangko Sentral ng Pilipinas will be transferring its currency production facility to New Clark City (NCC) as part of efforts to boost production of notes and in line with its continuity plan for operations in case of natural disasters.

Peso inches higher on bets of US-China deal

THE PESO strengthened slightly on Friday on optimism that the US and China will have an interim trade deal by October.

Peso rises as US, China grant trade concessions

THE PESO regained strength against the dollar on the back of market optimism from positive developments in US-China trade relations.

Yields on term deposits drop on strong demand

STRONG APPETITE for term deposits caused yields to decline on Wednesday as all tenors were oversubscribed despite the slightly higher offer volume.

Peso weakens as dollar rebounds vs most units

THE PESO weakened on Wednesday as the dollar regained its dominance across global markets.

FDI net inflow nearly halved in June

NET INFLOW of foreign direct investments (FDI) -- involving long-term capital that generate jobs and transfer technologies -- was nearly halved in June and fell by more than a third last semester, the Bangko Sentral ng Pilipinas (BSP) reported on Tuesday, with analysts blaming an escalating Sino-US trade war and uncertainty over proposed changes to tax incentives.

Fitch sees 2nd half GDP growth picking up ‘modestly’

AFTER a not-so-stellar 5.5% first-half economic expansion amid budget delays and headwinds from abroad, Fitch Ratings expects Philippine growth to catch up with a modest improvement this semester.

PHL cited as gender-equality leader in government hiring — ADB, OECD

THE Philippines is a regional leader in terms of gender equality in job hiring, specifically in the public sector, the Asian Development Bank (ADB) and the Organization for Economic Co-operation and Development (OECD).

Peso weakens on US data bets

THE PESO closed on a weaker note on Tuesday on the back of expectations of upbeat US producer inflation data.

IMF to revisit outlook for PHL growth next month

THE International Monetary Fund (IMF) will revisit its economic growth forecast for the Philippines at its annual meeting in Washington next month, its resident representative said.

Peso rises versus dollar on US nonfarm payrolls

THE PESO strengthened against the dollar on Monday on weaker-than-expected US jobs data.

Peso strengthens on inflation data

THE peso strengthened against the dollar on Friday after slower-than-expected inflation for August and in line with a market rally in major economies.

PNB fully acquires thrift bank unit

PHILIPPINE National Bank (PNB) has fully acquired its thrift bank unit to integrate it with its operations, according to a stock exchange filing.

Senator vows to pursue financial inclusion

SENATOR Grace Poe on Friday vowed to pursue financial literacy and inclusion as head of the banks committee.

Large banks to show ‘greater resilience’ to risks

THE COUNTRY’S biggest banks will show “greater resilience” despite changing operating conditions compared to their mid-sized peers, Fitch Ratings, Inc. said in a report on Thursday.

Pru Life partners with SLMC on critical claims processing

PRU LIFE UK has partnered with St. Luke’s Medical Center (SLMC) to improve the processing of critical illness claims of its policy owners.

Peso slips on rate cut bets as inflation slows

THE PESO weakened on Thursday despite positive developments regarding the US-China trade war and slower Philippine inflation in August.

Forum: Reforms key to attracting investments

THE PHILIPPINES has been catching the eye of prospective foreign investors due to tax reforms pushed by the administration of President Rodrigo R. Duterte, but more needs to be done to make it easier to do business in the country according to speakers at a forum on Wednesday.

Yields on term deposits mixed

YIELDS ON term deposits ended mixed on Wednesday despite strong demand, with investors holding on to their cash as they remained cautious over geopolitical issues.

Peso climbs on US data

THE PESO recovered versus the dollar on Wednesday following the contraction of the US manufacturing index and amid geopolitical concerns.

Liquidity, lending growth pick up in July

MONEY SUPPLY growth quickened slightly in July even as demand for credit weakened, the Bangko Sentral ng Pilipinas (BSP) reported on Tuesday.

Peso weakens further on concerns over Brexit, fresh US-China tariffs

THE PESO extended its losing streak on Tuesday on continued US-China trade war jitters paired with Brexit issues looming anew amid election prospects.

SSS salary loan releases reach P19.01B in 1st half

THE SOCIAL Security System (SSS) released some P19.01 billion in salary loans in the first six months, up 8.4% year-on-year.

Peso weakens as fresh round of US-China tariffs take effect

THE PESO weakened on Monday as the United States and China kicked off a fresh round of tariffs and with the market expecting slower Philippine inflation in August.

Yields on government debt end flat ahead of PHL data

YIELDS ON government securities (GS) traded in the secondary market were flat last week as market players await inflation data due for release on Thursday.

Nationwide round-up

THE BUREAU of Treasury (BTr) on Thursday assured that it will be able to determine the source for the remaining P4 billion Rice Competitiveness Enhancement Fund (RCEF) as early as next month, and that it will be released within the year.