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Yields on government debt rise on inflation concerns

YIELDS ON benchmark government securities (GS) increased last week, fueled heavily by inflation concerns amid the still-ongoing Taal Volcano eruption.

JG Summit’s share price down after raising stake in PLDT

THE recent purchase of PLDT, Inc. shares by Gokongwei-led JG Summit Holdings, Inc. made the latter one of the most actively traded stocks last week with investors deciding to take profits.

Imports extend slump to 8th straight month in November

LATEST government data showed imports declining for the eighth straight month in November while exports were flat, the Philippine Statistics Authority (PSA) reported on Friday.

PHL human dev’t improves but lags

THE PHILIPPINES remained at the bottom half of an index that tracks human development across economies despite an improvement in overall score, according to a United Nations report released on Monday.

MPIC weighed down by Duterte remarks on water firms

PRESIDENT Rodrigo R. Duterte’s tirade against Metro Manila’s water concessionaires last week led investors to unload shares of Metro Pacific Investments Corp. (MPIC) as it is the controlling stakeholder of water firm Maynilad Water Services, Inc.

Factory output registers 11th straight decline in Oct.

MANUFACTURING output declined once more in October, extending its streak to eleven months, the government said Thursday.

Rich-poor income gap narrows in 2018

THE INCOME GAP between the richest and poorest Filipino families narrowed in 2018 but remained substantial even amid significant increases in family income and savings, the Philippine Statistics Authority (PSA) said.

Banking on electricity: the payoff of power-related loans

ONE doesn’t tend to think about where the modern conveniences of life come from. Among the things we take for granted is the dependence on electricity in day-to-day living.

Yields on gov’t debt flat on Fed cut

YIELDS ON government securities (GS) ended flat after the US Federal Reserve cut its rates for the third time this year, as widely expected.

Investors unload URC shares after lower-than-expected Q3 earnings

GOKONGWEI-LED Universal Robina Corp. (URC) was among the most traded stocks last week as investors started to unload some of their shares after the company’s third-quarter earnings fell below expectations.

Investment in Tim Ho Wan brand drives Jollibee’s stock price

NEWS on Jollibee Foods Corp.’s increased investment in the owner of the Asia Pacific master franchise for Tim Ho Wan drove market activity for the former’s stock last week.

Yields on gov’t securities inch up on US-China, Fed

YIELDS ON government securities (GS) went sideways last week as the trade spat between the United States and China eased ahead of the meeting between the two countries’ trade deputies.

MPIC hospital unit’s listing plans drive stock price movement

PLANS OF Metro Pacific Hospital Holdings, Inc. (MPHHI) to embark on an P83.3-billion maiden share sale drove the stock movement of parent Metro Pacific Investments Corp. (MPIC) last week.

Overall price increase in August slowest in 3 years

INFLATION clocked in at its slowest pace in three years in August amid a softer increase in food prices, particularly rice, the Philippine Statistics Authority (PSA) reported on Thursday.

PSA: Manufacturing declines for eighth straight month in July

FACTORY OUTPUT once again declined in July, extending its contracting streak to eight straight months, the government reported on Thursday.

Poll bares view of even slower inflation

THE GENERAL INCREASE in prices of goods and services used by average Filipinos is expected to have cooled further last month amid slowing food prices as well as base effects.

Peso may strengthen vs dollar on slower Aug. inflation print

THE PESO is likely to perform stronger this week amid expectations of a slower August inflation print.

August inflation rate seen easing to as low as 1.3%

THE general increase in prices of widely used goods may have slowed further in more than three years due to lower fuel, rice, and power prices in August, the central bank said on Friday.

Duterte inks law regulating Islamic banks

PRESIDENT Rodrigo R. Duterte last week signed into law the regulatory framework for Islamic banks in the Philippines.

Peso strengthens ahead of first round of US tariffs

THE PESO ended stronger on Friday ahead of the first tranche of the planned tariffs by the United States on some Chinese-made goods on Sept. 1.

Filipinos starting to go cashless — Visa

IN A COUNTRY where cash still remains king, majority of Filipinos are starting to embrace cashless payments, Visa, Inc. said in a report.

Peso strengthens on profit taking ahead of likely weak US GDP...

THE PESO finished stronger on Thursday ahead of an expected downward revision in US economic growth data.

TDF yields rise on weak demand

WEAK APPETITE for term deposits pushed yields higher on Wednesday as bids for the facility continued to fall below the central bank’s offer for this week.

PDIC sells P223.1M worth of assets

THE PHILIPPINE Deposit Insurance Corp. (PDIC) sold P223.1 million worth of properties held by 533 shuttered banks through six public biddings from January to July this year.

Peso down on BSP easing bets

THE PESO edged lower on Wednesday as the Bangko Sentral ng Pilipinas (BSP) chief hinted on another rate cut this year.

BSP chief preps mart for another rate cut

THE MARKET can expect more monetary policy easing in the remaining months of the year, in terms of tweaks to benchmark interest rates and banks’ required reserves, the central bank chief told economic journalists in a forum on Tuesday.

Dirty money watchdog told to study economic impact of halting POGOs

THE Anti-Money Laundering Council (AMLC) is studying the economic effects of a prospective government decision to close down Philippine offshore gaming operators (POGOs), the central bank chief said on Tuesday.

Bank of the Philippine Islands gets investment-grade rating from S&P

AYALA-LED Bank of the Philippine Islands (BPI) secured on Tuesday a “BBB+” long-term and “A-2” short-term issuer credit ratings (ICR) with a stable outlook from S&P Global Ratings.

UnionBank looking to issue P20-billion unsecured debt

UNIONBANK of the Philippines, Inc. wants to issue up to P20 billion unsecured subordinated debt as well as to redeem voluntarily P7.2 billion worth of unsecured subordinated debt due 2025.

Asia United Bank sets up P30-billion bond program

ASIA UNITED Bank Corp. (AUB) plans to tap the bond market as it looks to raise as much as P30 billion.

Tax incentives law seen bringing ‘rapid’ FDI growth

THE SECOND PACKAGE of the tax reform program will lift uncertainty over incentives and reverse the slump in foreign direct investment (FDI), a bank economist said Tuesday.

Construction promise best in PHL — note

THE PHILIPPINES can be expected to be among Southeast Asian economies least affected by the escalating Sino-United States trade war due to “stronger fundamentals” -- thanks partly to robust construction activity -- and “more limited exposure to global trade,” according to a note of Australia-based BIS Oxford Economics.

Dirty money watchdog tweaks rules to cover casinos

THE ANTI-MONEY LAUNDERING COUNCIL (AMLC) has tweaked rules on administrative cases to cover casinos -- including their officers, directors and employees -- and introduced gradation of fines according to gravity of violation.

Peso to trade sideways

THE PESO could trade sideways this week after the less dovish remarks from the US Federal Reserve chair’s speech last Friday.

Hot money returns in July

MORE foreign capital went into the country in July to yield a net inflow, snapping four consecutive months of outflows, the central bank reported on Thursday.

Term deposit yields mixed

YIELDS ON term deposits ended mixed on Thursday as banks preferred the longer tenors in anticipation of a long weekend as well as the release of the central bank’s August inflation forecast next week.

Peso inches up ahead of Powell speech

THE PESO moved sideways on Thursday following the release of minutes of the US Federal Reserve’s July meeting and as markets stayed on the sidelines ahead of the US central bank chief’s Jackson Hole speech.

Economists watch for impact of Hong Kong crisis

HONG KONG is one of the Philippines’ bigger investment and trading partners, but a recession there -- as warned last week -- will likely have limited direct impact on the latter’s economy, ranking state as well as private sector economists said in recent interviews.

Peso seen weakening on Fed meet minutes

THE PESO will likely end on a weaker note today after the release of the minutes of the US Federal Reserve’s July policy meeting.

Peso inches higher as US grants Huawei reprieve

THE PESO moved sideways on Tuesday after the US government granted a 90-day extension for Chinese telecommunications firm Huawei Technologies Co., Ltd. to buy US-made components to service its existing customers.

PHL external payment position turns around

THE COUNTRY’s external financial position turned around in July from the preceding month and a year ago, fueled by dollar inflows from the central bank’s foreign exchange operations and income from its investments abroad, the Bangko Sentral ng Pilipinas (BSP) said in a press release on Monday.

Peso climbs as markets hope for US-China deal

THE PESO rose on Monday amid optimism on the trade talks between the United States and China, even as US President Donald Trump expressed reluctance to seal a deal in the near term.

BSP setting up MSME credit risk database

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

Peso to trade sideways

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.

Peso gains ground on upbeat US data

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