Category: Business Insider
Peso weakens on strong US data
BW FILE PHOTO THE PESO ended weaker against the dollar on Monday following stronger US employment data and the downward revision to Philippine economic managers’…
Rates of Treasury bills, bonds to move sideways ahead of CPI
BW FILE PHOTO RATES of government securities on offer this week could move sideways ahead of the release of November inflation data. The Bureau of…
Global central banks extend rate hike push in Nov.
LONDON — The pace and scale of rate hikes delivered by central banks in November picked up speed again as policy makers around the globe…
Yields on gov’t debt drop on dovish Fed comments
YIELDS on government securities (GS) dropped week on week after the US Federal Reserve hinted at slower rate hikes to help avoid a hard landing…
Peso may continue to climb vs dollar ahead of inflation data
CRECENCIO I. CRUZ THE PESO may continue to strengthen against the dollar this week ahead of the release of November inflation data that could give…
BSP conducts currency exchange initiative in Davao
REUTERS THE BANGKO SENTRAL ng Pilipinas (BSP) Mindanao Regional Office has conducted a currency exchange initiative to allow the public to swap banknotes and coins…
Fed’s Powell: Rate hikes to slow, but adjustment just beginning
US FEDERAL RESERVE Chair Jerome H. Powell on Wednesday said it was time to slow the pace of coming interest rate hikes while also signaling…
Redeveloping the Lion City’s tourism hub
SENTOSA ISLAND — Located off the southern coast of Singapore, this popular tourist destination opened in 1975 and is currently undergoing redevelopment along with nearby…
Peso strengthens further vs the dollar on dovish Fed comments
BW FILE PHOTO THE PESO continued to strengthen against the dollar on Thursday following remarks from the US Federal Reserve chief that cemented market expectations…
AUB, Alipay+ plan e-wallet for cross-border payments
FREEPIK ASIA United Bank Corp. (AUB) has partnered with Alipay+ to enable the bank’s e-wallet, HelloMoney, for cross-border transactions and to provide an efficient payment…
BSP to release banknotes with signatures of Marcos, Medalla
BW FILE PHOTO THE BANGKO SENTRAL ng Pilipinas (BSP) is looking to release banknotes bearing the signatures of President Ferdinand R. Marcos, Jr. and central…
Citi banker says Wall Street’s cuts are culls, not mass pullback
RECENT JOB CUTS across Wall Street are the typical culling of underperformers rather than a sign the industry is undergoing a mass retrenchment, said a…
Global bonds add record $2.8 trillion in market value in November
GLOBAL BONDS rebounded in November, adding a record $2.8 trillion in market value, as investors bet that central banks are getting a grip on inflation….
Gov’t partially awards T-bonds on strong demand
BW FILE PHOTO THE GOVERNMENT partially awarded the reissued 20-year Treasury bonds (T-bonds) it offered on Tuesday as rates declined on strong demand amid upcoming…
TDF yields climb on rate hike bets
BW FILE PHOTO YIELDS on the term deposit facility (TDF) of the Bangko Sentral ng Pilipinas (BSP) continued to rise on Tuesday due to expectations…
Thai bank to buy stake in Philippine financing firm
THAILAND-BASED Bank of Ayudhya Public Co. Ltd. is set to acquire a 75% stake in consumer financing firm HC Consumer Finance Philippines, Inc. (HCCFP) as…
Peso strengthens vs dollar on oil, higher remittances
THE PESO strengthened against the dollar on Tuesday amid easing global oil prices and ahead of an expected increase in remittances due to the holidays….
Gov’t makes partial award of Treasury bills
BW FILE PHOTO THE GOVERNMENT partially awarded the Treasury bills (T-bills) it auctioned off on Monday as yields sought by investors remained high ahead of…
Emerging-market bond laggard Asia is primed for rebound next year
EMERGING ASIAN bonds have trailed their developing-nation peers this year, but a turning point looks to be just around the corner. Inflation pressures have begun…
Sun Life Philippines targets double-digit growth in 2023
Image courtesy of Sun Life Philippines SUN LIFE of Canada (Philippines), Inc. targets sustained growth in 2023 as it looks to launch new products to…