House OKs DBP charter on final reading
THE House of Representatives on Tuesday approved on third reading a bill that will replace the current charter of state-run Development Bank of the Philippines (DBP) to raise its authorized capital stock and allow it to conduct an initial public offering.
GSIS gets $272-million payout from infrastructure fund investment
THE GOVERNMENT Service Insurance System (GSIS) has received a $272-million (about P15.8-billion) payout from a private equity fund following the sale of its stake...
BankCom looks to raise at least P5 billion via dual-tenor bond offering
BANK of Commerce (BankCom) is looking to raise at least P5 billion from a dual-tranche offering of peso-denominated fixed-rate bonds.
BankCom on Tuesday began the...
Central bank sets application guidelines for OPS’ merchant acquisition licenses
THE BANGKO SENTRAL ng Pilipinas (BSP) has released guidelines for operators of payment systems’ (OPS) application for merchant acquisition licenses (MAL).
All OPS engaged in...
Peso flat before Fed meeting
THE PESO was up against the dollar on Tuesday as the US Federal Reserve was set to begin its two-day policy meeting overnight.
The local...
T-bill yields decline further on BSP easing bets
THE GOVERNMENT on Monday increased the volume of Treasury bills (T-bills) it awarded for the third straight week as rates continued to decline across...
BoJ may revert to fuzzy communication on policy after Fed-style clarity on rates
TOKYO — The Bank of Japan (BoJ), after clearly signalling last week’s interest rate hike, may return to its accustomed fuzzy guidance about central...
Smaller rate cuts to boost PHL banks’ margins, Fitch says
HIGHER-FOR-LONGER interest rates could benefit large Philippine banks as this would support their margins, Fitch Ratings said.
“We believe Philippine and Singapore banks will be...
Monetary Board orders closure of rural lender
THE BANGKO SENTRAL ng Pilipinas has ordered the closure of Emerald Rural Bank, Inc.
The central bank’s policy-setting Monetary Board, in Resolution No. 77. A...
IC lifts stop order against HMO
THE INSURANCE COMMISSION (IC) has lifted the cease-and-desist order it issued against Forticare Health Systems International, Inc. (FHSII), allowing the firm to exit conservatorship...
Peso drops versus the dollar on renewed Trump tariff concerns
THE PESO weakened anew on Monday as the dollar rose after US President Donald J. Trump threatened to impose tariffs on Colombia.
The local unit...
T-bill, bond rates may decline on Fed cut hopes
RATES of the Treasury bills (T-bills) and Treasury bonds (T-bonds) to be auctioned off this week may decline to track the broad rally seen...