Category: Business Insider
Peso at weakest in over a year
THIS is the local currency’s weakest close since it finished trading at P51.07 a dollar on March 26, 2020. — BW FILE PHOTO THE PESO…
More digitalization initiatives underway — BSP
INDUSTRY PLAYERS and consumers will have access to more digital payments initiatives by the end of this year and into 2022. The Bangko Sentral ng…
Gov’t upsizes T-bills volume as rates go down
NATIONAL Treasurer Rosalia V. de Leon: “Liquidity [is] very much around, [coupled with] P22 billion in maturities this week. Placements remain in short tenor buckets.”…
Peso expected to appreciate on likely manufacturing boost
THE PESO could strengthen versus the greenback this week due to likely improvement in manufacturing data. The local unit closed at P50.65 per dollar on…
BSP backs measure to regulate financial accounts to boost guard against scammers
THE BANGKO SENTRAL ng Pilipinas (BSP) is supporting a measure that looks to protect the public from fraudsters that target bank accounts and e-wallets. The…
T-bill, bond rates seen to inch up amid inflation fears
YIELDS on government securities may rise this week on the expected increase in interest rates following the signals from the US Federal Reserve last week,…
Yields rise after BSP revises inflation anew, hawkish Fed
YIELDS on government securities edged higher last week as the Philippine central bank revised higher its inflation forecasts and as the US Federal Reserve signaled…
BSP earnings up 250% in seven months to July
The Bangko Sentral ng Pilipinas (BSP) said its net income was P48.71 billion in the seven months to July, up 250%, as revenue nearly doubled…
Pag-IBIG mortgage disbursements hit P58.52 B in eight months to August
Home Development Mutual Fund, which trades under the brand Pag-IBIG, said it released P58.52 billion worth of home loans in the eight months to August….
Peso weakens further on inflation fears
PHILIPPINE STAR/ KRIZ JOHN ROSALES The peso continued to weaken against the dollar Friday on lingering inflation concerns after the central bank raised its medium-term…
PHL banks’ exposure to Chinese assets minimal
LOCAL BANKS have minimal exposure to China as they are largely domestic-oriented, a central bank official said amid the debt crisis faced by Chinese real…
BSP to issue guidelines to improve lenders’ fraud management systems
THE CENTRAL BANK will issue new rules to improve lenders’ fraud management systems and regulatory supervision amid evolving cyberattacks. “The BSP is crafting guidelines with…
DBP grants P50-M loan to water district
BW FILE PHOTO STATE-RUN Development Bank of the Philippines (DBP) extended a P50-million loan to Sipocot Water District (SIPWADI) to rehabilitate its existing water lines…
Survival of the fittest
HOW are you coping after more than one-and-a-half years of lockdown? How do you survive if your industry is among those hard hit ? Last…
Peso drops further as Fed hints at November tapering
BW FILE PHOTO THE PESO weakened against the greenback on Thursday after the US Federal Reserve said it could start reducing its bond-buying program as…
Yields on BSP’s term deposits mixed ahead of policy review
YIELDS ON the central bank’s term deposits ended mixed on Wednesday ahead of the regulator’s policy meeting and on strong demand for safe assets due…
Bank lending seen to improve on easy policy, economy’s reopening
BW FILE PHOTO THE BANGKO SENTRAL ng Pilipinas (BSP) expects lending to improve gradually, with bad debt seen to remain low on the back of…
PHL markets see ‘little impact’ from China’s Evergrande crisis
REUTERS LOCAL FINANCIAL markets have seen “little impact” from the debt crisis involving China’s Evergrande Group, according to officials of Citi Philippines. “All I can…
BoJ flags pressure on economy
WIKIPEDIA.ORG THE BANK of Japan (BoJ) held its key stimulus tools in place while flagging COVID-linked pressures on the economy ahead of a key ruling…
PNB launches two new global feeder funds
PHILIPPINE National Bank launched two offshore feeder funds. — BW FILE PHOTO PHILIPPINE NATIONAL Bank (PNB) has launched two new global feeder funds to help…