Emerging Asian markets like the Philippines are facing trade headwinds that would put pressure on their currencies to weaken against the US dollar, according to Deutsche Bank Research. "We think 2025 will bring with it a more negative tilt on the distribution of expected returns for emerging...
BY DERCO ROSAL German financial services giant Deutsche Bank expects the Bangko Sentral ng Pilipinas (BSP) to continue easing gradually but warns that the US presidential election and trade policy changes could delay further rate cuts. “A key risk to our view is the US presidential election and...
Despite the "heavy lifting" that the Bangko Sentral ng Pilipinas (BSP) is undertaking by slashing interest rates to support economic growth, lingering structural challenges in the economy like the lack of infrastructure and prevalent corruption continue to dampen near-term Philippine prospects,...
The Court of Tax Appeals (CTA) has denied the petition of Deutsche Knowledge Services Pte., Ltd. which sought an additional refund or tax credit for P8.2 million for the second quarter of taxable year 2019. Deutsche Knowledge is the Philippine branch of a multinational company organized and...
Four major foreign banks will finance businessman Dennis Uy’s $460 million acquisition of the 45-percent stake of Shell Philippines Exploration B.V. (SPEX) in the Malampaya gas field facility. Highly placed sources from Singapore...
The Duterte administration has tapped anew the overseas debt markets to bridge the government’s wider budget deficit and cushion the impact of the COVID-19 pandemic, the Bureau of the Treasury announced. The national government is offering to overseas investors its 10.5-year and 25-year...
NEW YORK (AFP) - Shares in major banks including HSBC, Deutsche Bank and JPMorgan Chase were hammered Monday following allegations they had handled huge sums of dirty money for almost 20 years. An investigation by Buzzfeed News and the International Consortium of Investigative Journalists (ICIJ)...
