Banking & Insurance
New MB member De Leon takes oath
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, Jr. on Monday swore in former National Treasurer Rosalia V. De Leon as the newest monetary board member (MBM) at the BSP head office in Manila.
Court convicts rural bank execs for DOSRI loan excesses
The Regional Trial Court of Isabela has convicted the former director/president and other officers of a closed rural bank for engaging in loans beyond allowable ceilings.
BOP shortfall eases in August
The country’s balance of payments (BOP) position stood as a deficit of $57 million in August this year, lower than the $572 million BOP shortfall in the same month last year.
Ten-year Treasury bonds ease on strong demand at auction
The average rate on Treasury bonds due August 2033 eased at the auction Tuesday, with strong demand for the debt paper pulling down yield.
Treasury bill yields mixed at auction of P15B debt paper
Philippine Treasury bill (T-bill) yields were mixed at Monday’s auction, with average rate on 91-day debt paper lower compared to the previous auction ahead of the central bank policy meeting.
