Metrobank’s net income climbs to P12.43 billion in third quarter
METROPOLITAN Bank & Trust Co. (Metrobank) booked a higher net profit in the third quarter that brought its nine-month income to a record for...
PHL insurance sector seen to sustain growth
THE PHILIPPINE insurance sector could post double-digit growth until next year as positive economic prospects could help drive spending and as the industry’s penetration...
Peso rises to two-week high on divided Fed, inflation bets
THE PESO continued to strengthen against the dollar on Tuesday, posting a two-week high, as several US Federal Reserve officials signaled that they are...
Divided Fed policymakers stake out positions ahead of December meeting
WASHINGTON — US Federal Reserve officials on Monday continued pressing competing views of where the economy stands and the risks facing it, a debate...
T-bill rates end mixed before Oct. inflation data
THE GOVERNMENT upsized its award of the Treasury bills (T-bills) it offered on Monday, with yields ending mostly slightly higher as Philippine headline inflation...
Banks keep lending standards steady
PHILIPPINE BANKS expect to keep their lending standards largely unchanged this quarter as they expect steady credit demand from both businesses and households, a...
EastWest Bank net profit rises to P6.6B
EAST WEST Banking Corp.’s (EastWest Bank) net income climbed by 14% year on year to P6.6 billion in the first nine months on higher...
BSP bills fetch lower yields on strong demand
THE ONE-MONTH securities offered by the Bangko Sentral ng Pilipinas (BSP) fetched a lower average rate on Monday amid strong demand despite the larger...
Peso rises vs dollar before inflation, GDP data
THE PESO rose against the dollar on Monday after mostly trading sideways as the market stayed cautious before the release of key economic data...
Sun Life Philippines launches investment-linked life plan
SUN LIFE of Canada (Philippines), Inc. (Sun Life Philippines) has launched an investment-linked life policy with a quick application process.
Sun Life EasyLink Protect provides...
Treasury bills, bonds may fetch mixed rates as Fed view shifts
RATES of the Treasury bills (T-bills) and Treasury bonds (T-bonds) to be offered this week could end mixed following hawkish signals from the US...
EastWest Bank expects 10-15% loan growth
EAST WEST Banking Corp. (EastWest Bank) expects its loan portfolio to grow between 10% and 15% this year, backed by the strength of its...