Peso slips ahead of key US data

THE PESO slipped versus the dollar on Friday to its weakest in a week, as investors await the turnout of key economic data in the United States and further hints on its ongoing trade war with China.

PSBank books higher net profit in first half on interest earnings

PHILIPPINE SAVINGS Bank (PSBank) reported higher net earnings in the first half of the year on the back of strong net interest income and service fees.

Japan bond exodus fears overblown, regional banks say

GLOBAL BOND markets may have less to worry about from an all-out Japanese exodus. The yields on Japan’s benchmark bond are still too low to tempt regional lenders to switch investments back home, even after the central bank permitted a higher trading range, according to managers and traders at the companies.

Greening money

By Marivic Españo
THE business of making money ‘green’ is beginning to flourish. One just needs to look at recent numbers to see the growing business opportunity.

Peso slips on slower GDP growth

THE PESO slipped against the dollar on Thursday following data showing slower-than-expected Philippine economic growth in the second quarter and ahead of the central bank’s move to raise interest rates anew.

Term deposits attract demand

BANKS continued to crowd the one-week term deposits offered by the Bangko Sentral ng Pilipinas (BSP) this week, as players await the regulator’s decision on interest rates today.

UnionBank expects faster loan growth

UNION BANK of the Philippines, Inc. expects its loan portfolio growth to accelerate further in the third quarter after it resolved issues on credit for teachers.

AUB books higher income in first half

ASIA UNITED Bank (AUB) saw higher net earnings in the first half of the year supported by double-digit growth in its core businesses.

Big banks post better earnings

BIG BANKS in the Philippines managed to grow their bottom lines during the first half of 2018 at a time of rising interest rates and bigger tax dues, latest central bank data showed.

Peso drops further vs dollar

THE PESO weakened against the dollar on Wednesday due to a wider trade deficit and as market players await for the central bank’s monetary policy decision.

Security Bank books lower earnings in first half

SECURITY BANK Corp. booked lower net earnings in the first semester of the year due to a decline in trading gains and an increase in provisions for income tax.

Shifting gov’t fund releases to boost electronic payments

SHIFTING government fund releases to digital channels will give a substantial boost to electronic payments, the central bank chief said, but flagged that connectivity issues remain a barrier to adoption.