Peso sinks on Fed rate bets
THE PESO continued to drop against the greenback on Tuesday, hitting another near 11-year low, as investors flocked to the safe-haven dollar following hawkish...
BanKo to reach target branch count by October
BPI Direct BanKo, Inc. (BanKo), the microfinance subsidiary of Bank of the Philippine Islands (BPI), said it expects to reach 100 branches by October...
Gov’t makes full award of Treasury bills
THE GOVERNMENT fully awarded the Treasury bills (T-bills) it offered yesterday after yields sought by banks mostly declined on the back of market preference...
AUB books P1.3-B earnings in first half
ASIA UNITED Bank Corp. (AUB) saw its bottom line reach P1.3 billion in the first six months of the year, fuelled by an expansion...
Peso ends at P51:$1 level despite BSP call for calm
THE PESO started the week at a near 11-year low, closing at the P51-per-dollar level, due to negative market sentiment amid heightened political tensions...
PBCom posts higher income in Q2
PHILIPPINE Bank of Communications (PBCom) saw its net income grow sixfold during the second quarter on the back of strong loan growth and one-off...
Insurers’ premiums up in 1st half
THE INSURANCE INDUSTRY recorded a double-digit growth in total premiums in the first half, rebounding from the previous year’s figures, on the back of...
Laguna thrift bank closed
THE Bangko Sentral ng Pilipinas (BSP) has shuttered a thrift bank based in Laguna, marking the sixth lender to be ordered closed this year.
In...
PSBank relocates two branches
PHILIPPINE SAVINGS Bank (PSBank) has relocated two of its branches in a bid to tap more of its customers, it announced in a statement...
Yields on Treasury bills to move sideways on geopolitical issues
TREASURY BILLS (T-bills) on offer today may receive mixed bids from sentiment-driven market players amid geopolitical tensions between the United States and North Korea...
BPI eyes increased use of digital banking platforms
By Melissa Luz T. Lopez,
Senior Reporter
BANK of the Philippine Islands (BPI) wants to get more clients to use digital banking platforms to improve efficiency...
Peso seen sideways ahead of Fed
THE PESO may trade sideways against the greenback this week on the back of softer US inflation as well as bets of upbeat key...