Category: Business Insider
Yields on term deposits mixed on concerns over Delta variant
BW FILE PHOTO YIELDS ON THE central bank’s term deposits were mixed on Wednesday, with investors preferring safe assets due to escalating concerns over the…
Filipinos less open to digital payments vs regional peers
REUTERS MORE THAN three-fourths of Filipino consumers are open to tapping digital payments, but they remain more reluctant compared to those in other Southeast Asian…
BSP tells lenders to stop transacting with LYKA
BW FILE PHOTO THE BANGKO SENTRAL ng Pilipinas (BSP) told banks and other financial institutions to stop making transactions with the social media platform LYKA…
Peso inches up against the dollar despite fears of stricter lockdowns
THE PESO climbed against the dollar on Wednesday despite fears of stricter lockdowns following a rise in cases of the highly contagious Delta variant of…
Gov’t fully awards 7-year bonds at higher yield
BUREAU OF THE TREASURY FB PAGE THE GOVERNMENT made a full award of the reissued Treasury bonds (T-bonds) it offered on Tuesday at a higher…
Libor’s final days begin with push to shake up swaps market
US REGULATORS are wagering a major shakeup of the multitrillion-dollar interest-rate swaps market is just what’s needed to wean Wall Street off the London interbank…
Covered persons must digitize records by Sept.
THE ANTI-MONEY Laundering Council (AMLC) has reminded covered persons to comply with its September deadline for digitizing their customer records, which is meant to improve…
Delta variant, vaccination pace to affect Asia’s recovery — IMF
ASTRAZENECA vaccine is extracted at caloocan City maria Clara highschool as public teachers line up for vaccine yesterday, July 27. — PHILIPPINE STAR/ MICHAEL VARCAS…
Peso weakens vs dollar on budget balance, BoP data
THE PESO weakened further on Tuesday following the release of reports showing the country recorded budget and balance of payments deficits in the first half….
Gov’t makes full award of T-bills at mixed rates amid virus fears
BW FILE PHOTO THE GOVERNMENT made a full award of the Treasury bills (T-bills) it offered on Monday, with rates ending mixed amid fears of…
BDO, American Express to offer virtual card with flexible limit
BDO UNIBANK, Inc. has teamed up with American Express Co. to offer a virtual credit card. — BW FILE PHOTO BDO UNIBANK, Inc. has partnered…
UnionBank posts higher net profit in first semester
UNIONBANK of the Philippines, Inc. saw its net income surge by 94% in the first semester, backed by higher earnings from its core businesses and…
Manulife IM launches global REIT feeder fund
MANULIFE Investment Management and Trust Corp. (Manulife IM – Philippines) launched a new unit investment trust fund focused on global real estate investment trusts (REITs)…
Peso slips ahead of Fed review
THE PESO inched lower versus the dollar due to losses at the stock market and ahead of the US central bank’s policy meeting. — BW…
Rates of T-bills, bonds to move sideways on Delta variant fears
BW FILE PHOTO RATES OF government securities on offer this week may move sideways after the government tightened restrictions anew to prevent the further spread…
More banking reforms sought to strengthen pandemic-hit sector
By Luz Wendy T. Noble, Reporter BANKING INDUSTRY players are batting for the passage of priority measures and improved implementation of existing laws to help…
Yields on gov’t debt flat
YIELDS ON government securities (GS) traded in the secondary market ended flat last week amid worries over the Delta variant of the coronavirus disease 2019…
Peso may weaken on virus worries, Fed meet
BW FILE PHOTO THE PESO may depreciate further versus the greenback this week as the market waits for clearer signs from the US Federal Reserve…
UnionBank to issue social bonds
UNIONBANK of the Philippines, Inc. is set to issue social bonds to finance small business loans through a $150-million investment from the International Finance Corp….
BSP makes full award of short-term bills
BW FILE PHOTO THE CENTRAL BANK fully awarded its offer of 28-day bills on Friday, with yields inching lower on investors’ strong appetite for safe…