Tech-propelled growth
By J. Albert Gamboa
SEATTLE — This city is the largest in the state of Washington and the entire Pacific Northwest region of North America. Its metropolitan area encompasses the state’s eight most populous counties, officially defined by the US Census Bureau as the Seattle-Tacoma-Olympia combined statistical area that is home to two-thirds of Washington’s population.
Robinsons Bank income climbs 33.9% in first semester
ROBINSONS BANK Corp. saw its net profit climb in the first half of the year, driven by expansion of its loan book.
Peso slips on hawkish Fed
THE PESO slipped on Thursday, inching back to the P52 level intraday, as tracked the dollar in tight trade due to the hawkish stance of the US central bank.
Yields on term deposits drop as demand shifts to shorter tenors
DEMAND for term deposits shifted towards shorter tenors yesterday, driving yields slightly lower ahead of monetary policy decisions in the United States and in the Philippines.
BDO Leasing posts income decline on higher costs
BDO LEASING and Finance, Inc. saw a decline in its net income in the first half of the year due to higher costs.
S&P sees retail sector helping banks’ growth
S&P GLOBAL Ratings sees opportunity for growth in the Philippine banking sector as lenders continue to expand their retail loan segments.
China Bank books flat net income in first half
CHINA BANKING Corp. (China Bank) saw its net profit unchanged in the first half of the year even as recurring income grew amid lower fee-based revenues.
Peso inches higher as market eyes BSP meet
THE PESO strengthened further against the dollar on Wednesday as the market pocketed gains ahead of an expected tightening by the local central bank this month.
Gov’t rejects all bids for T-bonds
THE GOVERNMENT rejected all bids for the reissued 20-year Treasury bonds (T-bond) it offered on Tuesday as market preference remains on the short-end of the curve ahead of the August policy meeting of the local central bank.
PBCom gets BSP nod for P5-billion LTNCDs
THE PHILIPPINE Bank of Communications (PBCom) received central bank approval to issue P5 billion worth of long-term negotiable certificates of deposit (LTNCD) to strengthen its long-term funding.
Clear but adaptive regulations on blockchain sought
REGULATORS should adopt a clear but adaptive set of rules on the use of blockchain, industry experts said, with the Philippines currently well-positioned to be a global leader in adopting the new technology.
Peso up on higher inflation estimate
THE PESO strengthened against the dollar on Tuesday to a seven-week high as the central bank said inflation likely quickened further last month.