Bangko Sentral monitoring crowdfunding platforms
By Melissa Luz T. Lopez,
Senior Reporter
The Bangko Sentral ng Pilipinas (BSP) is not yet keen on imposing rules on crowdfunding as the platform remains...
Peso seen sideways ahead of US reports
THE PESO will likely trade sideways versus the greenback this week amid geopolitical noise offshore and bets of softer key US economic reports.
The peso...
SSS eyes to tap insurance firms to cover liabilities as costs rise
SOCIAL SECURITY System (SSS) is eyeing to tap the private sector to insure some of the state-run firm’s liabilities, as its expenditures continue to...
Money laundering probe exposes Australian banks’ compliance flaws
HONG KONG/SYDNEY — A money laundering probe at Commonwealth Bank of Australia (CBA) is the latest in a slew of scandals denting the reputation...
T-bond rates to drop as concerns linger
TREASURY BONDS (T-bonds) on offer tomorrow will likely fetch flat to lower yields, as uncertainties linger at home and offshore amid geopolitical concerns.
The government...
Lenders set to merge under CPRB
By Melissa Luz T. Lopez,
Senior Reporter
GROUPS of rural banks based in Southern Luzon and Leyte will soon merge as bigger lenders under the government’s...
Yields on gov’t debt mixed as markets eye US, Europe
By Jochebed B. Gonzales,
Researcher
YIELDS on government securities (GS) ended mixed last week as market players remained watchful of the geopolitical tensions between the US...
BoP deficit widens further in July
THE country’s external payments position remained in deficit in July to incur the widest gap in eight months, driven by huge import volumes and...
Insurers, pre-need firms to submit more data to IC
THE Insurance Commission (IC) has issued guidelines for the inclusion of data for the Other Financial Corporation Survey (OFCS) in the insurance sector’s submission...
Peso sinks to fresh trough on dollar demand, geopolitical concerns
THE PESO finished the week at a new low against the dollar on the back of strong corporate demand, with zero signs of intervention...
Software firm, Philippine banks in talks for cloud-based technology use
INTERNATIONAL software company Oradian is currently in talks with several Philippine banks for partnerships on the foreign firm’s cloud-based technology to be used in...
Peso slips to fresh low
THE PESO slipped to another near 11-year low amid strong appetite for the dollar intraday despite upbeat Philippine economic growth data and dovish minutes...