Category: Business Insider
Yields on term deposits decline amid tighter mobility restrictions
BW FILE PHOTO YIELDS on the central bank’s term deposits dipped on Wednesday as demand increased following tightened restrictions in the capital and several areas…
Diokno recognized as world’s top central banker of the year
Benjamin E. Diokno, Bangko Sentral ng Pilipinas Governor — BLOOMBERG BANGKO SENTRAL ng Pilipinas (BSP) Governor Benjamin E. Diokno was awarded as the Global Central…
India’s digital loan sharks face crackdown
WHEN V. Rajapandian was pushed out of his job at a heat treatment plant in India, the reason had nothing to do with performance or…
Peso strengthens as inflation eases in December
THE PESO climbed against the dollar on Wednesday following the release of data showing slower inflation in December 2021. — BW FILE PHOTO THE PESO…
Gov’t rejects bids for reissued 7-year T-bonds on rising rates
THE government rejected all bids for reissued seven-year Treasury bonds (T-bonds) on Tuesday as rates exceeded market expectations despite easing inflation. The Bureau of the…
Philippines, Japan renew bilateral swap deal to boost financial stability
THE Philippines and Japan have renewed a currency swap agreement to boost financial stability and cooperation in the region, according to the Bangko Sentral ng…
UnionBank’s purchase of Citi’s retail unit credit positive — CreditSights
UNIONBANK of the Philippines, Inc.’s purchase of Citigroup, Inc.’s local retail unit could raise its credit rating, though it could narrow the Manila-based lender’s capital…
Peso weakens vs dollar on rising infections
BW FILE PHOTO THE Philippine peso on Tuesday weakened further against the dollar as cautious investors waited for signals from the US Federal Reserve and…
Gov’t fully awards Treasury bills as rates drop on strong demand
THE GOVERNMENT made a full award of the Treasury bills (T-bills) it auctioned off on Monday as rates declined on pent-up demand from investors. The…
BSP: Alternative data in credit scoring to improve access to financial services
BW FILE PHOTO THE USE of alternative data in assessing borrowers’ capacity to pay their debt could help unbanked and underserved Filipinos gain access to…
Rural banks to work with gov’t to help MSMEs, farmers
THE agriculture sector, which is among the industries that rural banks mostly cater to, was badly hit by Typhoon Odette last month. — PHILIPPINE STAR/…
Peso retreats to P51:$1 level as outlook dims due to fresh surge in cases
BW FILE PHOTO THE PESO dropped to the P51-per-dollar level on Monday due to dimmer recovery prospects amid tighter restrictions in Manila and the aftermath…
Make lasting New Year’s resolutions on personal finance
PIXABAY A compelling vision, self-definition, and consistent follow-through. These are the underlying strategies that ensure the success of New Year’s resolutions, according to a personal…
Rates of T-bills, bonds may drop
BW FILE PHOTO RATES of government securities on offer this week could fall following the rejections made for Treasury bond (T-bond) auctions last month and…
BSP extends waiver on fees for PhilPaSS Plus
THE BANGKO SENTRAL ng Pilipinas (BSP) will continue to waive fees for transactions made through the Philippine Payment and Settlement System (PhilPaSS) Plus until March…
Gov’t debt yields flat amid lack of leads
YIELDS on government securities (GS) moved sideways last week due to the lack of local catalysts, as expected by market analysts. On average week on…
Foreign currency loans down as of Sept. 2021
FOREIGN currency loans disbursed by banks were lower as of September 2021, reflecting tighter credit standards and the availability of other sources for funding. Data…
Peso to weaken on Fed, new variants
THE PESO is expected to retreat further versus the greenback in 2022 as investors opt for safe havens amid the more hawkish stance of the…
Insurance industry premium income up 28.71% in Q3
BW FILE PHOTO Gross premiums collected by insurance firms and mutual benefit associations (MBAs) rose 28.71% year-on-year in the third quarter, according to the Insurance…
RCBC to issue P3-B worth of fixed-rate bonds to refinance maturing debt
Rizal Commercial Banking Corp. (RCBC) said it plans to issue at least P3 billion conventional or sustainability fixed-rate bonds to support the bank’s plan to…