HMO industry incurs P319-M net loss
THE HEALTH Maintenance Organization (HMO) industry swung to a P319-million net loss in the first quarter after the decline in invested assets and equity,...
DBP lends over P1B to Capiz real estate developer
THE DEVELOPMENT Bank of the Philippines (DBP) granted an initial P1.106-billion loan to Pueblo de Panay, Inc. (PDPI) for the development of multiple property...
The increasing cyber risk agenda in financial organizations
By Wilson P. Tan
For many years, bank board directors have placed the highest priority on cybersecurity. However, the 12th EY annual global bank risk management survey conducted...
Peso jumps to fresh three-month high on Fed bets
THE PESO climbed to a 14-week high on Thursday on expectations that the US Federal Reserve might ease or pause its tightening cycle after...
Yields on term deposits move up to track higher US Treasury rates
YIELDS on the term deposits auctioned off by the Bangko Sentral ng Pilipinas (BSP) inched up on Wednesday, amid higher rates of US Treasury...
AUB board elects Jonathan Ng as new chairman
ASIA UNITED Bank Corp. (AUB) on Wednesday said it selected Jonathan C. Ng as the lender’s new board chairman.
Mr. Ng was elected during the...
GoTyme Bank set to launch its first loan product in September
GOTYME BANK is set to hold the soft launch of its first lending product in September ahead of its first investment product in the...
Peso climbs to three-month high versus US dollar
THE PESO rose to a three-month high on Wednesday as markets await the US June inflation report to be released overnight.
The local currency closed...
Gov’t fully awards new T-bonds
THE GOVERNMENT fully awarded the fresh 15-year Treasury bonds (T-bonds) it auctioned off on Tuesday at a coupon rate higher than secondary market levels...
PHL banks’ exposure to the real estate sector climbs at end-March
THE EXPOSURE of Philippine banks and trust entities to the property sector increased to 21.08% as of March from 20.98% as of December last...
Fed closing in on end of rate hike cycle, central bank officials say
THE US FEDERAL RESERVE will likely need to raise interest rates further to bring down inflation that is still too high, but the end...
Peso rebounds ahead of US CPI
THE PESO rebounded against the dollar on Tuesday after the greenback fell to a two-month low amid comments from US Federal Reserve officials and...