Tag: Mark T. Amoguis

THE CENTRAL BANK has been working to establish a credit risk database to help deserving micro, small and medium enterprises (MSMEs) tap funds.

THE PESO is seen to trade sideways this week as the market awaits developments in the ongoing trade dispute between the world’s two largest economies.

THE PESO ended stronger on Friday as traders took profit after favorable July retail sales data from the United States.

MONEY SENT HOME by Filipino workers abroad slipped for the first time in 10 months and marked the worst performance in a year, according to data the central bank released on Thursday.

AYALA-LED Bank of the Philippine Islands (BPI) will remain “opportunistic” in tapping the dollar bond market this year for its funding requirements, a senior bank official said on Thursday.

THE PESO depreciated on Thursday as fears of a global recession gripped financial markets following the inversion of the US Treasury yield curve.

YIELDS ON term deposits dropped further on Wednesday as demand increased after the policy rate cuts implemented by the central bank last week.

THE BANGKO SENTRAL ng Pilipinas (BSP) has received “below 10” applications from banks for adjustments of fees for transactions coursed through automated teller machines (ATM) after the moratorium on such tweaks was lifted last month, a senior official said on Wednesday.

THE PESO appreciated on Wednesday after the United States put off its implementation of additional tariffs on Chinese goods to December.

MAY was marked by a net inflow of foreign direct investments (FDI) that was nevertheless the smallest in more than four years, the central bank reported on Tuesday.

THE INTERAGENCY Development Budget Coordination Committee (DBCC) plans to meet again on Aug. 27 to consider “new” macroeconomic assumptions like inflation, the central bank chief said on Tuesday.

THE BANGKO SENTRAL ng Pilipinas (BSP) will “pre-announce on a quarterly basis” its intention on banks’ reserve requirement ratio (RRR) in order to prepare markets, BSP Governor Benjamin E. Diokno said on Tuesday.

THE CENTRAL BANK chief quelled market speculations of an impending hike in fees for transactions conducted through banks’ automated teller machines (ATMs).

BDO UNIBANK, Inc. expects its loan portfolio to continue to grow by single digits this year, its top official said on Tuesday.

THE PESO is seen to move sideways this week amid a lack of fresh leads, with the market to be on the lookout for the latest currency news from China.

DEBT WATCHER S&P Global Ratings sees Philippine banks’ loan growth at double digits this year as the banking sector and the Asia-Pacific region’s stable outlook is seen steady despite headwinds arising from trade tensions between the world’s two largest economies.

Another cut in key policy rates as well as banks’ reserve requirement ratio (RRR) “can take place some time next month”, BSP Governor Benjamin E. Diokno said in an interview aired over ABS-CBN News Channel on Friday afternoon.

THE CENTRAL BANK’s policy-setting body on Thursday cut benchmark interest rates by a quarter percentage point, as well as the inflation forecast this year and next, hours after the Philippine Statistics Authority (PSA) reported that the economy grew at the weakest pace in four years in the second quarter and two days after the PSA said that July inflation was the slowest in two-and-a-half years.

YIELDS ON term deposits declined as demand went up on Wednesday ahead of the central bank’s policy meeting.

YUCHENGCO-LED Rizal Commercial Banking Corp. (RCBC) is on track to grow its bottom line this year by double digits, a senior official said, as the bank’s net income climbed by almost a fourth during the first half.

GROSS international reserves (GIR) rose in July to $85.183 billion, up slightly from a month earlier and exceeded the central bank’s estimates for the full year.

THE PESO weakened further, returning to the P52-per-dollar level, as markets continued to react to lingering US-China trade tensions.

INFLATION eased further in July, the Philippine Statistics Authority (PSA) reported on Tuesday, lending support to expectations for the central bank to continue loosening monetary policy.

ASIA UNITED Bank Corp. (AUB) booked a double-digit growth in net income during the first semester, it said yesterday.

THE PESO sank on Tuesday as tensions between the world’s two largest economies escalated further after the former tagged the latter as a “currency manipulator.”

THE PESO edged lower on Monday after China’s central bank devalued its own currency in retaliation against US’ planned additional tit-for-tat tariffs on China this September.

GROWTH prospects from Universal Robina Corp.’s (URC) coffee business made the Gokongwei-led firm one of the most actively traded issues in the local bourse last week.

JUNE inflation, as experienced by low-income families, softened to its slowest pace in 18 months, according to the Philippine Statistics Authority.

FACTORY OUTPUT posted its sixth consecutive month of decline in May albeit at a slower pace, the Philippine Statistics Authority (PSA) reported on Friday.

INVESTORS bought Megaworld Corp. shares last week given the company’s attractive growth prospects amid its aggressive expansion plans and its insulation from the moratorium on the economic zone development in Metro Manila that would put Information Technology and Business Process Management (IT-BPM) projects on hold.

HEADLINE INFLATION this month — to be reported on July 5 — likely slowed from a year ago and from May amid lower rice prices, an electricity rate reduction and a stronger peso that made imports cheaper, the Bangko Sentral ng Pilipinas (BSP) Department of Economic Research said in an e-mail on Friday.

SHANGHAI, CHINA -- Payments provider Visa, Inc. unveiled a three-year road map that aimed to strengthen payments security in the Philippines, where many Filipinos still prefer to use cash over credit despite the rise of e-commerce.

IN THE PHILIPPINES, one would have to get used to brownouts, or the drop in voltage in an electrical power supply system. Whether or not it is intentional, these outages have wide-ranging effects on the economy: households would experience no electricity for a few minutes or even for hours, causing great inconvenience; businesses would incur higher costs by way of lost revenue and reduced productivity; and investors would be hesitant to do business, leading to reduced investments.

YIELDS ON government securities (GS) edged lower as they continued to track US Treasuries’ decline due to a possible Federal Reserve rate cut within the year.

A DAY after the release of the 2019 World Competitiveness Report showing the Philippines partially recovering from a nine-notch fall on a list of 63 economies but still second to the last in Asia and the Pacific, President Rodrigo R. Duterte assured a gathering of Japanese businessmen in Tokyo of a “corruption-free” business environment in which he would meet “in 24 hours” with anyone who has a complaint about “hindrances, obstruction or outright corruption.”

YIELDS ON government securities (GS) ended flat last week, mirroring the safe-haven US Treasuries as they dropped on the back of ongoing trade war between the world’s two largest economies.

THE FURTHER EASING in domestic inflation buoyed investor sentiment for much of the first quarter this year even as upside risks — mostly from the external front — remain.

AYALA LAND, Inc. (ALI) was one of the most actively traded stocks last week following the easing in monetary policy as well as traders speculating on the timing of the company’s plans to conduct a real estate investment trust (REIT) listing on the stock exchange this year.

ECONOMISTS expect gross domestic product (GDP) growth in the first quarter to be weighed down primarily by the impact of the delayed enactment of the 2019 national budget despite household spending and private sector investment picking up, according to results of a BusinessWorld poll.

THE COUNTRY’s trade-in-goods deficit widened in February as exports contracted while imports grew at a slower pace, the government reported on Thursday.

YIELDS on government securities (GS) inched up last week as market players took profit ahead of the release of slower-than-expected March inflation data.

INVESTORS were cautious last year on property stocks amid high interest rates that increased borrowing costs, but market watchers still consider the sector on their shopping lists account of strong demand for residential, office and retail spaces.

INFLATION for low-income families softened further in February even as it stayed in five-percent territory, the Philippine Statistics Authority (PSA) reported on Thursday.

YIELDS ON government securities (GS) ended flat last week as investors took profit following the settlement of the government’s retail Treasury bond (RTB) offering.

FACTORY output posted its second consecutive month of decline in January, the Philippine Statistics Authority (PSA) reported on Tuesday.