T-bill, bond rates likely to go up as data bolster tightening bets
RATES of the Treasury bills (T-bills) and Treasury bonds (T-bonds) on offer this week may rise on growing expectations of further monetary tightening as...
Banks told to tighten controls vs dirty money risks
THE BANGKO SENTRAL ng Pilipinas (BSP) reminded its supervised institutions to comply with anti-money laundering and countering terrorism and proliferation financing (AML/CTPF) rules to...
Peso may return to P61 level if ME conflict worsens
THE PESO could return to the P61 level versus the dollar this week amid continued volatility in the Middle East (ME), with markets awaiting...
Debt yields end higher on April inflation surge
YIELDS on government securities (GS) traded at the secondary market climbed last week as faster April inflation triggered a sell-off.
BSP securities’ average yield climbs
THE BANGKO Sentral ng Pilipinas’ (BSP) short-term securities fetched a higher average rate for the third straight week despite sustained investor demand.
Bids for the...
Philippine banking sector to see limited direct impact from war
THE ONGOING Middle East war has minimal direct impact on the Philippine banking system, the Bangko Sentral ng Pilipinas (BSP) said, with the industry...
EastWest Bank records P1.9-B net income in Q1
EAST WEST Banking Corp. (EastWest Bank) booked a net income of P1.9 billion in the first three months of the year, supported by the...
Peso posts biggest one-day gain in a month on peace deal hopes
THE PESO jumped back to the P60-per-dollar level on Thursday, posting its largest one-day gain in nearly a month, as global crude oil prices...
WeFund Lending eyes to grow Luvit Card user base to 500,000
WEFUND Lending Corp., the operator of the JuanHand online lending application, targets to reach about half a million users for its Luvit Card within...
Salmon Bank makes key leadership appointments
SALMON BANK (Rural Bank), Inc. has made new appointments to its leadership team to strengthen its governance and support its growth goals.
Former chairman Raffy...
Term deposit yield ends higher as market sees more BSP hikes
THE BANGKO SENTRAL ng Pilipinas’ (BSP) term deposits continued to fetch a higher average rate on Wednesday despite strong demand as the market expects...
AIA Philippines eyes sustained profit growth amid war-driven volatility
AIA PHILIPPINES Life and General Insurance Co., Inc. is looking to sustain the strong income growth it booked last year, but volatility due to...