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...

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...