Category: Business Insider
Gov’t makes full award of T-bills at higher rates on inflation woes
THE GOVERNMENT fully awarded its offer of Treasury bills (T-bills) on Monday at mostly higher rates on expectations of faster June inflation, which may cause…
BSP looking to require financial institutions to use standard loan application form
BW FILE PHOTO THE BANGKO SENTRAL ng Pilipinas (BSP) is looking to mandate financial institutions to use a standard form for business loan applications of…
Security Bank starts offer of 1.5-year bonds
BW FILE PHOTO SECURITY BANK Corp. on Monday started offering 1.5-year peso-denominated bonds and is looking to raise up to P1 billion in fresh funds….
Peso moves sideways ahead of June CPI
BW FILE PHOTO THE PESO inched up against the dollar on Monday ahead of the release of June inflation data and hawkish signals from the…
Rates of T-bills, bonds to climb
BW FILE PHOTO RATES of government securities on offer this week are expected to climb further as headline inflation likely hit a near four-year high…
Peso may rebound vs dollar as expectations of faster inflation fuel BSP bets
BW FILE PHOTO THE PESO may rebound versus the greenback this week on bets of more aggressive tightening by the Bangko Sentral ng Pilipinas (BSP)…
Romualdez refiles GUIDE bill
A LAWMAKER has refiled the bill seeking to allocate P10 billion to state-run banks to allow them to ramp up lending to small businesses affected…
Yields on government debt mixed
By Bernadette Therese M. Gadon, Researcher YIELDS on government securities ended mixed last week as the market remained defensive after the Bangko Sentral ng Pilipinas’…
Bank lending growth in May fastest in two years
BANK LENDING growth was at a two-year high in May as economic activity continued to recover and as borrowers secured financing amid rising interest rates,…
FCDU loans rise at end-March as economy recovers
Foreign currency loans extended by local banks rose at end-March from the quarter prior as demand for credit increased, with businesses having higher financing requirements…
Investing out of the box
THE peso-dollar rate hit P55 as of this writing. With expectations of further depreciation and the inflation scare everybody anticipates, whatever savings we have in…
Peso rebounds on rate hike bets, oil
BW FILE PHOTO THE PESO rebounded versus the dollar on Thursday, returning to the P54 level, on lower global oil prices and as the incoming…
Term deposit yields rise further after BSP move
BW FILE PHOTO Yields on the central bank’s term deposits continued to go up on Wednesday after the Bangko Sentral ng Pilipinas’ (BSP) decision to…
UK bank losses from complex scams up by nearly 40% in 2021
CHRISTOPHER BILL/UNSPLASH LONDON — British bank customers were tricked out of 583 million pounds ($712 million) stolen through sophisticated fraud in 2021, up nearly 40%…
US Fed’s Mester backs 75-bp hike if economic conditions stay the same
CLEVELAND Federal Reserve Bank President Loretta Mester said she would support another 75-basis-point hike if economic conditions remain the same. REUTERS Cleveland Federal Reserve Bank…
UnaCash app to expand loan product offerings
PHOTO FROM UNACASH.COM.PH UnaCash, a mobile application by loan platform Digido Finance Corp., is looking to extend more services in the Philippines amid growing demand…
IC to examine PCIC, audit gov’t social insurance firms
PHILIPPINE Crop Insurance Corp. (PCIC) is now under the Insurance Commission (IC), which will give the regulator the power to examine the state-run agricultural insurer’s…
Treasury bureau rejects all bids for 7-year bonds
BUREAU OF THE TREASURY FB PAGE THE GOVERNMENT rejected all bids for reissued seven-year Treasury bonds (T-bonds) it offered on Tuesday as the market asked…
RCBC planning to borrow P200B under new bond and commercial paper program
RIZAL COMMERCIAL Banking Corp. (RCBC) has approved a P200-billion bond and commercial paper program to raise funds for its operations. RCBC’s board of directors approved…
UnionBank looking to launch digital lender by next month
UNIONBANK of the Philippines, Inc. expects to launch its digital lender, Union Digital Bank, by next month. — BW FILE PHOTO UNIONBANK of the Philippines,…