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Strong demand for RTBs expected

THE THREE-YEAR retail Treasury bonds (RTB) up for auction on Wednesday is expected to see strong demand from investors supported by increased liquidity in...

Of millennials and banking

By Karl Angelo N. Vidal, Reporter AT TIMES, finding time to do mundane tasks such as paying bills or transferring funds to loved ones could...

Peso seen to move sideways vs dollar

THE PESO is seen to move sideways against the US dollar this week amid easing geopolitical tensions and expected mixed economic data in the...

UnionBank to conduct P10-B SRO in July

UNIONBANK of the Philippines, Inc. is set to conduct its P10-billion stock rights offering (SRO) in July, which will raise additional capital for the...

Peso weakens after BSP reserve requirement cut

THE PESO dropped against the dollar on Friday, recording a new near 12-year low, following the Bangko Sentral ng Pilipinas’ (BSP) reserve requirement cut. The...

PBCom to offer LTNCDs

PHILIPPINE Bank of Communications (PBCom) is set to raise up to P5 billion by selling peso-denominated long-term negotiable certificates of time deposit (LTNCD). In a...

BDO partners with Diners Club for new credit cards

BDO UNIBANK, Inc. has partnered with Discover Financial Services to launch Diners Club International (DCI) as the lender’s newest credit card brand partner. BDO Senior...

Peso sinks to fresh trough on Fed

THE PESO declined against the dollar to log a new 12-year low on Thursday following the release of minutes of the US Federal Reserve’s...

Insurance industry’s premiums climb 34% as life sector grows

THE INSURANCE INDUSTRY booked a double-digit increase in its total premium income in the third quarter, driven by the continued growth of the life...

S&P sees PHL growth sustained with no danger of overheating

S&P Global Ratings said it is not concerned about any overheating in the Philippine economy, saying that robust investment and a growing labor force...

Peso declines on trade war fears

THE PESO plunged anew against the dollar on Wednesday due to President Donald J. Trump’s statement on the trade talks between Washington and China. The...

Gov’t raises P4 billion via bonds

THE GOVERNMENT partially awarded the 10-year Treasury bonds (T-bonds) it offered on Tuesday, with yields continuing to rise, as the market still prefer short-dated...

AUB consolidated income climbs

ASIA UNITED Bank Corp. (AUB) reported its consolidated net income went up in the first quarter on the back of double-digit growth in its...

PSBank to offer LTNCDs

PHILIPPINE Savings Bank (PSBank) plans to raise up to P15 billion by selling peso-denominated long-term negotiable certificates of time deposit (LTNCD). In a disclosure to...

Peso rebounds on profit taking

THE PESO bounced back against the dollar on Tuesday due to profit taking following the local currency’s previous low. The local unit closed at P52.195...

UnionBank sets up blockchain bank network

UNION BANK of the Philippines (UnionBank) is set to launch a clearing system that connects rural banks through blockchain technology. Dubbed as Project i2i which...

Peso plunges to weakest in nearly 12 years as US-China tensions...

THE PESO dropped to a near 12-year low on Monday as the dollar strengthened on the back of easing trade tensions between China and...

Shorter tenors to fetch lower rates at auctions

SHORTER-DATED government securities on offer this week are seen to fetch lower yields as investors track the movement of US Treasuries while waiting for...

Peso likely to weaken vs dollar as geopolitical issues continue

THE PESO is seen to inch lower this week as the dollar is expected to “firm up” amid geopolitical concerns abroad. On Friday, the peso...

Peso falls, rangebound as Treasury yields boost dollar

THE peso weakened against the dollar on Friday as rising Treasury yields boosted the US currency. The peso closed at P52.33 Friday, six centavos weaker...

PSBank income climbs

PHILIPPINE Savings Bank (PSBank) booked a double-digit income growth in the first quarter on the back of strong revenues. In a disclosure to the local...

EastWest Bank profit drops

EAST WEST Banking Corp. (EastWest Bank) posted lower net profit in the first quarter on the back of low contributions from its rural bank...

S&P ups PHL banks’ risk assessment

S&P GLOBAL Ratings has upgraded its risk assessment on the Philippine banking industry, supported by the sector’s improved credit fundamentals. The credit rater said it...

S&P upgrades Security Bank to investment grade, affirms rating for DBP

S&P Global Ratings bumped up its credit ratings on Security Bank Corp., while affirming its ratings on Development Bank of the Philippines (DBP) following...

Yields on Treasury bills, bonds seen mixed after BSP rate hike

YIELDS on government securities to be offered this week will likely end mixed amid market expectations of a big issuance from the Bureau of...

Peso likely to weaken as dollar climbs further on positive data

THE PESO will likely weaken this week as the dollar is seen to remain “relatively strong” amid mixed US economic data as well as...

Yields on T-bills seen mixed this week

Yields of the government securities on offer this week will likely end mixed amid market expectation on a big issuance from the Bureau of...

Peso seen to weaken as dollar strengthens on mixed data

The peso will likely weaken this week as the dollar is seen to remain "relatively strong" amid mixed data. On Friday, May 11, the peso...

BPI still studying use of blockchain technology

BANK OF THE Philippine Islands (BPI) is not yet keen on using blockchain technology as the lender is still studying the applicability to banking...

RCBC net income up 13% in 1st quarter

RIZAL Commercial Banking Corp. (RCBC) reported its net income went up 13% in the first quarter supported by robust loan growth and reduction in...

Peso falls vs US dollar after BSP rate hike

THE peso dropped against the dollar on Friday following the “dovish” remarks from the Bangko Sentral ng Pilipinas (BSP), which raised interest rates for...

Treasury may trim offer of one-year securities

THE BUREAU of the Treasury (BTr) will “revisit” its offer volume for the one-year government securities amid weak demand. Deputy Treasurer Erwin D. Sta. Ana...

Peso climbs ahead of BSP decision

THE PESO strengthened against the dollar on Thursday in anticipation of the Bangko Sentral ng Pilipinas’ (BSP) tightening move. The peso ended the session at...

BTr may tweak volume of one-year T-bills amid lukewarm demand

The Bureau of the Treasury (BTr) said it will "revisit" the volume of the Treasury bill's one-year tenor amid lukewarm demand for the said...

LANDBANK income up 52%

Land Bank of the Philippines (LANDBANK) saw its net income surge in the first quarter, supported by strong growth in loans. The state-run lender said...

BDO Leasing net earnings decline in first quarter

BDO LEASING and Finance, Inc. (BDO Leasing) saw a decline in its net income in the first quarter amid higher funding costs. In a disclosure...

Peso drops back to P52:$1 level

THE PESO dropped on Wednesday, retreating to the P52 level, as the dollar strengthened across a band of currencies. The local currency closed yesterday’s session...

Peso tracks weakness of other currencies’ vs dollar

The peso slipped on Wednesday, May 9, retreating to the P52 level, as the dollar strengthened across a band of currencies and amid the...

LANBANK first-quarter profit rises on robust loan growth

Land Bank of the Philippines (LANDBANK) saw its net income surge by half in the first quarter, supported by strong profit growth in loans. The...