BSP asks banks to report repurchase agreements
By Melissa Luz T. Lopez,
Senior Reporter
THE CENTRAL BANK has required banks to report the volume of repurchase deals they forge with other firms starting...
Lenders dump bonds in India tug-of-war with funds
INDIA’S $750-billion sovereign-debt market is caught in a tug of war between foreign investors and state-run banks, the biggest holders of the securities.
As lenders...
Peso weakens ahead of FOMC meeting minutes
THE PESO opened the week lower versus the dollar following mixed US data and amid heightened caution ahead of the release of the Federal...
Gov’t partially awards T-bills as yields ascend across the board
By Janine Marie D. Soliman,Reporter
THE GOVERNMENT partially awarded its first offer of Treasury bills (T-bills) for this quarter, raising P12.5 billion out of the...
Manulife puts up five branches to expand presence
MANUFACTURERS Life Insurance Co. (Phils.), Inc. (Manulife Philippines) has put up new branches across the country, with most situated in Luzon, as the insurer...
Rates of Treasury bills may climb as central banks move to tighten
By Janine Marie D. Soliman,
Reporter
TREASURY BILLS (T-bills) on offer today are expected to fetch higher yields amid expectations of a spike in global interest...
Yields on gov’t debt go up on US GDP, Fed remarks
UPWARD REVISIONS in US growth data pushed yields of local government securities (GS) north last week, coupled with hawkish comments by Federal Reserve officials...
Peso seen sideways on mixed signals from US
THE PESO may move sideways versus the dollar this week as mixed key US economic developments may fail to give concrete details on the...
FCDU loans surge in Q1 amid strong demand
FOREIGN CURRENCY loans granted by Philippine banks surged as the year opened to outpace the increase in dollar deposits, which helped export firms recover...
PHL a net gainer from weak currency
A WEAKER PESO is not expected to significantly dent the government’s fiscal position as gains in import revenues outpace foreign debt servicing, leaving a...
Money supply grows 11.3%, bank lending up 18.7% in May
MORE FUNDS circulated in the economy in May, with money supply sustaining its double-digit growth and bank lending also growing at a similar pace,...
Peso claws back losses
THE PESO finished the week stronger against the greenback despite hitting fresh multi-year lows in intraday trade due to robust US economic growth.
The local...