Category: Business Insider
Rise in bad debt linked to banks’ inefficiencies, macroeconomy
BW FILE PHOTO THE BUILDUP in nonperforming loans (NPLs) in the small business, corporate, and agricultural segments of banks’ credit books are affected by macroeconomic…
Peso climbs on vaccine arrival, soft US jobs report
THE PESO climbed versus the dollar on Monday as more vaccines arrived in the country and after the release of weaker-than-expected US data. — BW…
Rates of Treasury bills, bonds to decline on strong demand
RATES of government securities on offer this week could move downward on strong investor demand and following the release of data showing steady inflation in…
BSP outlines application process for COE to sell assets under FIST Law
BW FILE PHOTO THE CENTRAL BANK has released rules to guide financial institutions on the process of securing a certificate of eligibility (COE) for the…
Yields on gov’t debt drop on steady May inflation
YIELDS ON government securities (GS) mostly declined last week following the release of May inflation data, which showed that the average rise in prices was…
Letter to the Editor (06/07/21)
June 2, 2021Mr. J.ALBERT GAMBOABUSINESSWORLD Dear Mr. Gamboa, We hope that everything is well with you today. We read your column (https://www.bworldonline.com/vax-populi/) about the high…
Peso may rise further as government continues COVID-19 vaccine rollout
THE PESO could rise further versus the dollar this week as the government continues its coronavirus disease 2019 (COVID-19) vaccine rollout and as cases in…
Council views impairment of debt repayment capacity as main risk to financial stability
Benjamin E. Diokno, Bangko Sentral ng Pilipinas Governor — BLOOMBERG MOST risks to the financial markets are expected to be” under control” over the near…
BSP outlines credit-checking powers of non-stock S&L personnel
BW FILE PHOTO The Bangko Sentral ng Pilipinas (BSP) said it issued new rules Friday governing the credit-checking powers of non-stock savings and loan association…
Peso strengthens after steady May inflation reading
BW FILE PHOTO THE PESO strengthened against the dollar on Friday after May inflation steadied at 4.5%. The peso closed at P47.75 against the dollar…
Peso strengthens after steady May inflation reading
BW FILE PHOTO THE PESO strengthened against the dollar on Friday after May inflation steadied at 4.5%. The peso closed at P47.75 against the dollar…
BSP to release commercial property price index
THE BANGKO SENTRAL ng Pilipinas targets to start releasing a quarterly commercial property price index within this year. — BW FILE PHOTO THE CENTRAL BANK…
Foreign exchange rules liberalized further
THE MONETARY BOARD approved last month new rules governing foreign exchange (FX) transactions of banks, hiking the limit on their net open foreign exchange position…
Peso declines vs dollar as gov’t debt stock climbs
THE PESO dropped versus the dollar on Thursday as the government’s debt stock climbed further as of April. — BW FILE PHOTO THE PESO weakened…
Yields on term deposits mixed ahead of inflation
THE BANGKO SENTRAL ng Pilipinas’ term deposits fetched mixed yields on Wednesday ahead of the release of May inflation data. — BW FILE PHOTO YIELDS…
RCBC launches online payment gateway for businesses
RIZAL COMMERCIAL Banking Corp. (RCBC) has launched an online platform to help businesses process electronic payments, it said in a statement late Tuesday. The bank…
Peso may weaken vs dollar on new COVID-19 variants
THE PESO may weaken against the dollar this month on the emergence of new variants of the coronavirus disease 2019. — BW FILE PHOTO THE…
Higher oil prices cause peso to drop
THE PESO declined against the dollar on Wednesday as oil prices edged higher even as the Organization of the Petroleum Exporting Countries and its allies…
Gov’t fully awards reissued T-bonds
THE BUREAU of the Treasury fully awarded the reissued 25-year bonds on Tuesday. — BW FILE PHOTO THE GOVERNMENT made a full award of the…
Prolonged crisis affecting Philippine banks’ credit profile
PHILIPPINE BANKS’ credit profile will face near-term risks as the prolonged coronavirus crisis affects their asset quality and profitability prospects, Fitch Ratings said. “The weaker…