Japanese financial giant MUFG Bank Ltd. sees t he peso 's appreciation streak against the United States (US) dollar being sustained until early 2026. "We continue to forecast the Philippine peso to strengthen against the US dollar, reflecting low inflation, continued space for rate cuts, FDI...
A "steady" Philippine economy would allow the peso to further strengthen to the ₱54:$1 level before year-end, despite lingering downside risks from local politics as well as external economic and financial developments, according to Japanese financial giant MUFG Bank Ltd. In a May 27 report...
The Philippine peso is seen likely maintaining its relative strength against the United States (US) dollar for the rest of this year until early next year, as the greenback struggles amid US economic policy uncertainty, according to Japanese financial giant MUFG Bank Ltd. "We maintain our view for...
The peso gained a hefty 19 centavos against the United States (US) dollar on Monday, April 21, closing at ₱56.61 from ₱56.8 last April 16. Philippine markets were closed during the observance of Holy Week. The local currency hit an intraday high of ₱56.48 and a low of ₱56.65 after opening...
The tariff exemption on electronic products ordered by United States (US) President Donald Trump would provide the Philippines' top export commodity some relief, according to Japanese financial giant MUFG Bank Ltd. This will reinforce the Philippines' position among the emerging markets relatively...
While the Philippines would be insulated from the tariff wars initiated by United States (US) President Donald Trump, it cannot reap the potential benefits from the supply chain restructuring of affected businesses in targeted countries. This highlights the need for the Philippines to enhance the...
A weaker peso, caused by United States (US) tariffs lifting the US dollar and the Philippines' wider current account deficit, may delay further interest rate cuts by the Bangko Sentral ng Pilipinas (BSP), according to Japanese banking giant MUFG Bank Ltd. "We forecast the BSP to cut rates by...
Japanese banking giant MUFG Bank Ltd. expects the Bangko Sentral ng Pilipinas (BSP) to lower interest rates at a slower pace next year alongside an also slower depreciation of the Philippine peso when US President-elect Donald J. Trump returns to the White House. In a Dec. 20 report, MUFG senior...
Security Bank Corporation and its shareholder, Bank of Ayudhya PCL (Krungsri), may soon merge Home Credit Philippines (HCP) following the recent exit of MUFG Bank Ltd. from HCP. Security Bank has entered into an agreement to acquire MUFG’s 25 percent stake in HC Consumer Finance Philippines Inc....
Ayala Corporation, the holding company of the Zobel family, has signed with MUFG Bank Ltd. (MUFG) and Sun Life Philippines sustainability-linked credit facilities with an aggregate amount of P5 billion. In a statement, the country’s oldest conglomerate said this is to reaffirm its commitment to...
Gokongwei-owned Cebu Pacific, through its finance partner MUFG Bank Ltd., has signed a 12-year Japanese Operating Lease with Call Option (JOLCO) worth $123 million. This is the first time the local airline has “returned to the financing market via a JOLCO structure since the pandemic,”...
Security Bank Corporation has sealed a deal with its global partner MUFG Bank, Ltd. (MUFG) that will allow MUFG’s corporate clients to gain access to the bank’s cash management system, DigiBanker. In a statement, Security Bank said “The agreement aims to provide MUFG’s clients...
