New Year Outlook
By Flor G. Tarriela
The Philippines’ economic performance in 2023 was decent, says award winning Philippine National Bank economist Alvin Arogo, considering waning revenge spending, persistently high inflation,...
Peso strengthens amid decline in oil prices, dollar
THE PESO rose against the dollar on Thursday amid easing global crude oil prices and a weaker greenback.
The local unit closed at P55.48 per...
Term deposit yields drop on Fed cut bets
YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) term deposits went down on Wednesday despite hawkish signals from the central bank chief recently as...
Transactions via PESONet, InstaPay reach P11.6 trillion
TRANSACTIONS made through PESONet and InstaPay continued to climb as of end-November, with the combined value breaching P11 trillion, amid the fast adoption of...
BSP OK’s BPI capital stock hike
THE CENTRAL BANK has approved Bank of the Philippine Islands’ (BPI) plan to raise its authorized capital stock by P4 billion in preparation for...
Loyola Plans to sell shares in LMCCI as part of liquidation
PRE-NEED FIRM Loyola Plans Consolidated, Inc. (LPCI) will sell its shares in Loyola Memorial Chapels & Crematorium, Inc. (LMCCI) as part of its liquidation...
Peso weakens on bargain hunting
THE PESO weakened against the dollar on Wednesday due to bargain hunting and even as the greenback dropped versus major global currencies amid expectations...
Singapore inflation slows in Nov.
SINGAPORE — Singapore’s key consumer price gauge slowed to 3.2% in November on the year, in line with expectations, official data showed on Tuesday,...
IMF pushes for better liquidity management, debt pricing and supply
THE BANGKO SENTRAL ng Pilipinas (BSP) can further improve liquidity management and debt pricing and supply in the country by developing more instruments and...
Yields on government debt go down
YIELDS on government securities (GS) continued to decline last week due to a lack of catalysts as the end of the year nears.
GS yields...
Peso seen to climb further amid holiday season
THE PESO could strengthen further against the dollar when trading resumes this week, mainly driven by the seasonal increase in foreign exchange inflows amid...
CIC’s rating system may boost lending, banks’ asset grade
LENDERS expect a recently introduced compliance rating system to boost banks’ lending and asset quality, and result in greater financial inclusion.
Last month, state-led Credit...