The rapid peso depreciation breached the P58 vis-à-vis the US dollar level on Wednesday, Sept. 21, with markets bracing for higher US Federal Reserve rates and the local central bank’s expected 50 basis points (bps) rate hike tomorrow, Sept. 22.
The local currency fell to its new intraday low of P
The 2021 Asset Benchmark Research Awards once again recognized Metrobank as the Philippines’ leading fixed income house in its Asian Local Currency Bonds category. Metrobank was ranked first among the “Top sell-side firms in the Secondary Market,” both in Corporate and Government bonds. In the “Top Arranger - Investor’s Choice…
MANILA, PHILIPPINES - The Department of Finance (DOF), through the Bureau of the Treasury (BTr) recently recognized Metropolitan Bank and Trust Co. (Metrobank) as the Top Market Maker among the Government Securities Eligible Dealers (GSED). Metrobank was given the top mark among 10 other GSED banks. The honor is bestowed…