Sale of reissued Treasury Bonds raises P30 billion
THE Bureau of the Treasury fully awarded P30 billion in reissued 10-year Treasury Bonds (T-bonds) as average rate inched up “within market expectations.”
`
Banking and finance news has never been this accessible and convenient. With BusinessMirror, you can stay up to date with the latest banking news in the Philippines: from updates and analyses on the local and international financial sector to developments in the stock market, investment trends, and government taxation. Never miss out with BusinessMirror’s Banking and Finance News.
THE Bureau of the Treasury fully awarded P30 billion in reissued 10-year Treasury Bonds (T-bonds) as average rate inched up “within market expectations.”
STARTING from the 1400s, Western powers established colonies in Asia, Africa, Oceania and the Americas mostly for economic gain. The first of these global empires was that of Portugal, which outlasted all others and survived for almost 600 years until 1999 when it handed over Macao to China.
THE Bureau of Local Government Finance (BLGF) slashed by 30 percent to P223.9 billion its total revenue-collection target for local government units (LGUs) this year as it admits business operations slowed down last year.
NOWADAYS, most of the concerns of Millennials’ are how they can start dealing better with their personal finances. Sadly, some of them fall victims to scams.
LAND Bank of the Philippines announced it registered more electronic banking transactions last year amid the increased shift to digital, extending free online fund transfers until March 31.
FINANCIAL institutions are seen to provide more sustainable lending this year as central banks and regulators stress the economic impact of climate change, Accenture B.V. said.
THE Bureau of the Treasury (BTr) was able to raise in Monday’s auction of Treasury Bills (T-bills) around P24 billion; an upsize from the initial P20-billion offer amid lower rates despite the expected higher inflation for January.
Union Bank of the Philippines ended last year with a double-digit plunge in net earnings as credit loss reserves piled up to protect its asset quality.
A Bank of the Philippine Islands (BPI) unit is upbeat with the potential developments in the financial markets, which play a vital role in the smooth operation of capitalist economies, as the state moves to further relax lockdown measures that led to the economic recession.
THE signing into law of the amended Anti-Money Laundering Act (Amla), embodying better safeguards against fraud and organized crime, will signal investors to put more money in the Philippines while helping millions of migrant workers avert stringent rules for transacting, the head of the Senate’s Banking committee said over the weekend.
LAST year’s suspension of the gaming operations of Philippine Amusement and Gaming Corp. (Pagcor) dragged the regulator’s net income in 2020 to its lowest in at least seven years.
THE Land Bank of the Philippines (LandBank) announced it approved P1.2-billion worth of loans to fund the purchase of modern vehicles last year.
A fourth of all concerns coursed through the Bangko Sentral ng Pilipinas’ consumer assistance mechanism are complaints about credit cards during the pandemic, the BSP governor bared on Thursday.
IT has been a tradition in my organization, the Association of Development Financing Institutions in Asia and the Pacific (Adfiap), to start the year with a mass offering and office blessing. Despite the pandemic, we continued the tradition, this time organizing a hybrid event: 10 people in the office with health and safety protocols in place and others joining virtually on Zoom.
THE Asian Development Bank (ADB) announced on Thursday that it has issued a 5-year global benchmark bond priced at $4.5 billion.
THE Development Bank of the Philippines (DBP) is aiming to bankroll P314.547-billion worth of financing to key sectors as the economy tries to bounce back this year.
THE Land Bank of the Philippines said its total loan portfolio to agriculture in 2020 grew slightly to P237.62 billion from P236.31 billion in 2019.
Since quarantine restrictions were imposed almost a year ago, the Bangko Sentral ng Pilipinas (BSP) found that a growing number of Filipinos were able to set aside more of their salary since many stayed at home. Likewise, the Department of Trade and Industry (DTI) observed 900,000 newly registered businesses and more online retailers in the same period.
TAXES collected from Philippine Offshore Gaming Operators (Pogos) by Bureau of Internal Revenue (BIR) even rose to P7.18 billion last year amid the impact of lockdown measures to contain the Covid-19 pandemic.
A chill swept through Chinese financial markets after the central bank withdrew cash from the banking system and an official warned about asset bubbles.
SECURITY Bank Corp. announced it plans to provide all its employees access to the e-learning platform of LinkedIn Corp. “Through this deal, Security Bank becomes the first Philippine bank to engage with the US-based professional networking company for their enterprise wide e-learning services,” the bank said.
SEVERAL months ago, our normal lives as we knew it, came to a grinding halt. Community quarantines were initiated; many people lost their main source of livelihood, and a good number of people were forced to stay and work at home.
TO help small and medium enterprises (SMEs) recover from the pandemic and prepare for the future, Mastercard Inc. said it has launched a microsite across most of its Asia-Pacific websites with information and resources on how to digitalize and run businesses more efficiently.
CIMB Bank Philippines is eyeing to grow its loan portfolio by at least three times this year as consumers seek additional sources of funding.
THE Bureau of the Treasury raised P22 billion in Treasury Bills (T-bills) on Monday’s auction as the market was flushed with “overflowing” liquidity.
By Tyrone Jasper C. Piad
STATE-run Land Bank of the Philippines (LandBank) announced it has facilitated more than 6,700 orders worth P3.42 billion for the 1-year peso-denominated Premyo Bonds 2 or “Premyo Bonds Para sa Bayan 2,” which represents 52 percent of the total P6.56 billion raised by the Bureau of the Treasury (BTr) from the bond offering.
Tan-led Philippine National Bank (PNB) announced it has secured the green-light from the Bangko Sentral ng Pilipinas (BSP) for its additional stake acquisition in a subsidiary.
OIL in New York inched higher as the dollar weakened, with investors assessing the impact of supply curbs from Iraq and Libya on the near-term demand outlook.
ONCE in a while we go through difficult times such as these, where just being able to survive is good enough. Sometimes this is easier said than done. Nonetheless, there are certain practical things that can be done to increase the chances of your survival. The first thing to do is to ASSESS the situation, come up with a BLUEPRINT for your plan of action and finally keep a close watch on your CASH FLOW.
Input your search keywords and press Enter.