Written by 
Small businesses and consumers can now hope for greater transparency when loan shopping with the launch of the PESO interest rate swap market (PESO IRS), according to the Bangko Sentral ng Pilipinas (BSP). The Bankers Association of the Philippines (BAP) said the International Swaps and Derivatives Association (ISDA) recognizing BAP’s Philippine Overnight Reference Rate (ORR), […]
THE PESO could move sideways against the dollar this week as investors stay cautious amid the ongoing conflict in the Middle East ahead of the US presidential elections. The local unit closed at P57.511 per dollar on Friday, strengthening by 28.9 centavos from its P57.80 finish on Thursday, Bankers Association of the Philippines data showed. […]