Peso plunges to worst finish in nearly 12 years
THE PESO plunged against the dollar on Monday to its worst showing in almost 12 years following the move of Bangko Sentral ng Pilipinas...
Rates of 20-year bonds to go up
TREASURY BONDS (T-bonds) on offer tomorrow are seen to fetch higher yields to track the rates of US Treasuries and after the Bangko Sentral...
Yields on gov’t debt climb on US Treasuries, Fed bets
YIELDS on government securities (GS) climbed last week to track movements in US Treasuries, as well as increased expectations of a Federal Reserve rate hike...
ICBC gets BSP green light to start PHL operations
By Melissa Luz T. Lopez,
Senior Reporter
A CHINESE BANK has secured regulatory approval to operate in the Philippines, which comes at a time of warmer...
Peso seen weakening vs dollar
THE PESO is seen to weaken this week as the dollar strengthens on the back of generally upbeat US economic data as well as...
PBB to raise funding
PHILIPPINE BUSINESS Bank (PBB) is set to conduct capital-raising activities to capitalize on lending opportunities.
In a disclosure to the Philippine Stock Exchange on Thursday,...
Dr. Jose Pardo – Just Think Positive!
By Flor G. Tarriela
Last Saturday Jose “Titoy” Pardo, PSE Chairman and former Secretary of Trade/Finance was conferred the Degree of Doctor of Science in Finance by De...
Peso climbs vs dollar ahead of holiday
THE PESO regained strength against the dollar on Thursday on profit taking after the US currency’s recent rise and ahead of the Chinese New...
Investors flock to TDF as BSP dangles new tenor
By Melissa Luz T. Lopez, Senior Reporter
BANKS swarmed the term deposit facility (TDF) yesterday as the central bank started offering a two-week instrument, with...
CitySavings plans branch-lite units, acquisitions
CITYSAVINGS Bank, Inc., the thrift banking arm of the Aboitiz-led UnionBank of the Philippines, is leveraging on the simplified bank branch concept as well...
Universal, commercial banks book higher earnings
BIG BANKS booked higher incomes in 2017 amid robust lending growth which offset lower trading gains, latest data from the Bangko Sentral ng Pilipinas...
Monetary Board orders Rural Bank of Loreto shut
THE CENTRAL BANK has shuttered a rural bank in the Dinagat Islands, marking the first to be ordered closed this year.
In a statement, the...