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Fitch flags risk from more Fed tightening

By Melissa Luz T. Lopez Senior Reporter FURTHER tightening by the United States Federal Reserve will likely hurt Philippine banks as this puts pressure on local...

LANDBANK targets June deals for PDS majority stake

THE LAND BANK of the Philippines (LANDBANK) hopes to sign deals to acquire a majority stake in the country’s fixed-income exchange by June, with...

Growth to remain below target — BMI

By Melissa Luz T. Lopez Senior Reporter BMI RESEARCH has raised its growth forecast for the Philippines, but still expects that the pace will log below...

BSP tightens capital infusion rules

By Melissa Luz T. Lopez, Senior Reporter THE CENTRAL BANK has set stricter rules for lenders in choosing strategic investors, as the regulator raised standards...

Agri-agra reforms pushed

THE CENTRAL BANK is backing proposals to amend a law setting credit quotas for the farming sector amid poor compliance, as it eyes to...

Remittances expected to bounce back in April

By Melissa Luz T. Lopez Senior Reporter REMITTANCES are expected to recover by April following March’s decline, a global bank said, even as it likely kept...

Demand for BSP’s term deposits surges

By Melissa Luz T. Lopez, Senior Reporter DEMAND for term deposits surged yesterday accompanied by a rise in yields, as banks’ appetite for the instruments...

Peso edges lower vs dollar

THE PESO traded sideways versus the dollar yesterday as markets took a wait-and-see stance on the path of Treasury yields in the United States...

Remittances fall after Kuwait ban

By Melissa Luz T. Lopez Senior Reporter REMITTANCES dropped in March to post the steepest fall in 15 years due to lower amounts sent by overseas...

Gov’t makes partial award of Treasury bills

By Melissa Luz T. Lopez, Senior Reporter THE GOVERNMENT made a partial award of the P15 billion worth of Treasury bills (T-bills) it offered yesterday,...

BSP adjusts rediscount yields following rate hike

RATES for the central bank’s peso rediscount window have been adjusted upward following the Monetary Board’s decision to raise interest rates last week. In a...

Philippines rated among ‘most vulnerable’ to climate change in new Moody’s...

By Melissa Luz T. Lopez Senior Reporter MOODY’S Investors Service said it once again classified the Philippines as one of the “most vulnerable” to climate change...

Inflation to maintain ascent in coming months

INFLATION is seen to keep rising and hit a peak towards the end of the year, a central bank official said, with added price...

Rice tariffication to temper inflation

By Melissa Luz T. Lopez Senior Reporter REPLACING import quotas on rice with tariffs would stand as a significant counterweight to rising prices, a senior central...

Remittances likely grew in March despite deployment ban

MONEY sent home by overseas Filipino workers (OFWs) likely kept growing in March despite a deployment ban to Kuwait, HSBC Global Research said. Remittances likely...

Economists expect one more rate hike this year

By Melissa Luz T. Lopez, Senior Reporter ECONOMISTS expect one more rate hike from the Bangko Sentral ng Pilipinas (BSP) this year amid signs that...

Q1 tax effort hits record high

By Melissa Luz T. Lopez, Senior Reporter TAXES collected in the first quarter took a larger share relative to the economy to log a fresh...

BSP forms new unit as part of reorganization

By Melissa Luz T. Lopez, Senior Reporter THE Bangko Sentral ng Pilipinas (BSP) will introduce a new unit in the bank as part of its...

Economy grows 6.8% in Q1 but Pernia says inflation a ‘spoiler’

By Ranier Olson R. Reusora Researcher THE Philippine economy grew in the first quarter on the back of double-digit growth in government spending, but could have...

Foreign direct investments surge to $573M in February

FOREIGN DIRECT INVESTMENTS (FDI) surged anew in February, supported by strong placements in both debt and equities as players grew more confident about local...

Banks’ rediscount borrowings climb to P615M at end-April

BANKS SECURED fresh rediscount loans from the Bangko Sentral ng Pilipinas (BSP) last month, largely to fund commercial lending and capital expenses. Total availments under...

BSP seen introducing back-to-back rate hikes

By Melissa Luz T. Lopez Senior Reporter THE Bangko Sentral ng Pilipinas (BSP) will have to introduce back-to-back rate hikes as inflation is seen to trend...

Strong demand drives TDF yields down

By Melissa Luz T. Lopez, Senior Reporter BANKS CROWDED shorter tenors during this week’s auction of term deposits, driving yields down ahead of an expected...

Big banks’ NPLs rise in March

BAD DEBTS held by big banks posted a modest increase in March even as lending surged to hit nearly P8 trillion, latest central bank...