BPI-managed fund more bullish on stocks over bonds

By Melissa Luz T. Lopez, Senior Reporter Bank of the Philippine Islands (BPI)-managed ALFM Mutual Funds is betting on equities rather than fixed-income instruments as it...

Fed policy makers grow worried about inflation

WASHINGTON — Federal Reserve policy makers appeared increasingly wary about recent weak inflation and some called for halting interest rate hikes until it was...

TDF rates mixed as bids dip

RATES fetched under the term deposit facility (TDF) saw mixed movements yesterday, with banks continuing to crowd the week-long tenor as players look for...

Landbank net income up in 1st half

STATE-OWNED Land Bank of the Philippines (Landbank) saw its bottom line rise in the first half of the year, surpassing its mid-year projections, with...

Peso slips ahead of GDP report

THE PESO ended almost flat versus the dollar on Wednesday but still logged another near 11-year low due to domestic corporate demand and ahead...

Central bank likely to hike rates within 2017 as inflation picks up

By Melissa Luz T. Lopez, Senior Reporter THE Bangko Sentral ng Pilipinas (BSP) will still have to raise interest rates by yearend to keep up with...

UnionBank to meet BSP deadline for EMV shift

UNION BANK of the Philippines (UnionBank) said it will meet the central bank’s June 30, 2018 deadline to become fully compliant with the Europay, Mastercard and...

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...