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.
Korean bonds to stay strong amid rate bets
ANY RATE HIKE by the Bank of Korea (BoK) will probably be one and done for the year, and shouldn’t impact investor demand for government bonds, according to the country’s second-largest asset manager.
PSBank to decide on home loans in a day
PHILIPPINE SAVINGS Bank (PSBank) said decisions on home loan applications will now take just one day for the purchase of condominium units and properties from selected developers.
Peso down as inflation data fuel views of hike
THE PESO weakened against the dollar on Tuesday following the faster-than-expected July inflation print which supported views of another rate hike from the central bank.
Gov’t fully awards T-bill offering
THE GOVERNMENT made a full award of the Treasury bills (T-bill) it auctioned off on Monday as rates on the longer tenors slipped.
Philippine National Bank posts higher first-half profit as core businesses grow
PHILIPPINE National Bank (PNB) saw its net profit climb in the first half of the year on the back of growth in its total operating income.
Standard Chartered sees BSP hiking rates by 25bps this week
THE CENTRAL BANK may find room to raise rates by just 25 basis points (bp) this week, a bank analyst said, provided it comes with a hawkish statement from policy makers in order to temper further price pressures.
PBB books lower Q2 income
PHILIPPINE BUSINESS Bank (PBB) booked a lower net income in the second quarter due to trading losses.