BDO books higher net income
BDO UNIBANK, Inc.’s (BDO) net profit climbed by 33.33% year on year in 2022 amid strong results across all its core businesses.
BDO’s attributable net...
Government partially awards T-bills as rates rise due to tightening bets
THE GOVERNMENT partially awarded the Treasury bills (T-bills) it auctioned off on Monday as rates climbed across all tenors on hawkish signals from officials...
RCBC’s 2022 profit rises by 71% to P12.1 billion
RIZAL COMMERCIAL Banking Corp. (RCBC) saw its net income rise by 71% to P12.1 billion in 2022 amid the improved performance of its core...
Peso drops vs dollar on rate hike worries
THE PESO weakened to a near two-month low against the dollar on Monday after the release of US personal consumption expenditures (PCE) inflation data,...
Rates of T-bills, bonds likely to follow secondary market prices
RATES of Treasury bills (T-bills) and Treasury bonds (T-bonds) on offer this week could track secondary market levels as investors anticipate the central bank’s...
Bank seeks to boost Islamic finance in PHL
A TURKISH LENDER is in talks with the Bangko Sentral ng Pilipinas (BSP) to help set up Islamic banks and Islamic banking units (IBUs)...
Yields on government debt end mixed
YIELDS on government securities (GS) traded in the secondary market were mixed last week following the result of the Treasury’s bond (T-bond) auction and...
Peso to move sideways amid rate worries
THE PESO is expected to move sideways against the dollar this week as strong US consumer spending data fueled expectations of more rate hikes...
Biden nominates former Mastercard CEO Ajay Banga to head World Bank
WASHINGTON - US President Joe Biden nominated former Mastercard Inc. CEO Ajay Banga to lead the World Bank, betting the India-born executive's ties to the private sector and emerging markets will jump-start the 77-year-old institution's overhaul to...
Metrobank’s net income climbs 47.93% to P32.78 billion in 2022
METROPOLITAN Bank & Trust Co. (Metrobank) saw its net income rise by 47.93% in 2022 amid the improved performance of its consumer and corporate...
DBP books P5.6 billion in net earnings in 2022
DEVELOPMENT BANK of the Philippines (DBP) saw its net profit climb by 50% to P5.61 billion in 2022 on the back of improved interest...
AIA Philippines launches investment management arm
AIA Investment Management on Thursday launched AIA IM and Trust Corp. Philippines (AIM IM Philippines), which specializes in long-term investing focused on sustainability for...