PhilPaSS Plus transactions climb to P129 trillion in Q3
TRANSACTIONS done through the Philippine Payment and Settlement System (PhilPaSS) Plus reached P129 trillion in the third quarter of 2023 amid the increase in...
Peso rises ahead of Fed minutes
THE PESO appreciated against the dollar on Wednesday on dovish expectations from the minutes of the US Federal Reserve’s December meeting to be released...
Gov’t upsizes award of T-bills as bids soar amid pent-up demand
THE GOVERNMENT upsized the volume of Treasury bills (T-bills) it awarded on Tuesday, even as rates rose across all tenors, amid pent-up demand for...
GoTyme Bank expects continued growth in customer base this year
GOTYME BANK expects to expand its customer base further this year as it plans to deploy more kiosks outside the Gokongwei ecosystem, with a...
Collections from BSP’s coin deposit machines reach P297.78 million
THE VALUE of coins collected though the coin deposit machines (CoDMs) of the Bangko Sentral ng Pilipinas (BSP) reached P297.78 million as of Dec....
Peso weakens as dollar climbs
THE PESO dropped on the first trading day of 2024 as remittance flows eased after the holidays and as the dollar gained versus major...
Rates of T-bills, bonds may end mixed
RATES of Treasury bills and bonds on offer this week could track the mixed movements in secondary market yields amid expectations that central banks...
FCDU loans up at end-Sept.
OUTSTANDING LOANS granted by banks’ foreign currency deposit units (FCDU) inched up as of end-September 2023 from the previous quarter, as disbursements exceeded principal...
Debt yields inch up amid profit taking
YIELDS on government securities (GS) rose slightly last week as the shortened trading period caused investors to pocket their gains and position before the...
Peso may trade at P54-P57 this year on monetary easing bets
THE PESO is seen moving within the P54 to P57 level against the dollar this year amid expectations of monetary policy easing at home...
China Bank sees loans sustaining high single-digit growth in 2024
CHINA BANKING Corp. (China Bank) expects its loans to continue growing at a high single-digit pace next year, in line with the expansion seen...
Pru Life UK premium income from variable life products hits P34B at end-Sept.
PRU LIFE Insurance Corp. of UK (Pru Life UK) booked a premium income from variable life insurance products of P34 billion as of end-September,...