BDO raises P8.2B from LTNCDs
BDO Unibank, Inc. raised P8.2 billion from its long-term negotiable certificates of deposit (LTNCD), which it wants to use to manage the bank’s liabilities.
At...
InstaPay platform ‘credit positive’ for PHL lenders
By Melissa Luz T. Lopez, Senior Reporter
OFFERING real-time digital payment services is credit positive for Philippine banks, Moody’s Investors Service said in a recent...
BPI net income flat in Q1
BANK OF THE Philippine Islands (BPI) saw steady income in the first quarter despite improved revenues due to higher expenses and lower trading gains.
In...
Peso weakens following mixed US jobs report
THE PESO weakened on Monday as the dollar strengthened against a basket of currencies.
The local unit closed Monday’s session at P51.87 versus the greenback,...
T-bills, T-bonds may fetch higher rates
GOVERNMENT SECURITIES on offer this week will likely fetch higher yields as investors await the monetary policy meeting of the Bangko Sentral ng Pilipinas...
Digital payments to plug inclusion gap
By Melissa Luz T. Lopez
Senior Reporter
SHIFTING TO digital payments will plug the gap in financial inclusion, as going online would eliminate issues on distance...
Peso to climb on weak US data
THE PESO is seen to strengthen against the dollar this week on the back of weaker-than-expected US jobs data as well as bets of...
Yields end flat ahead of inflation data
By Mark T. Amoguis Researcher
YIELDS on government securities (GS) traded in the secondary market were flat last week as market players remained defensive in...
BSP OKs entry of new credit card issuers
By Melissa Luz T. Lopez, Senior Reporter
THE BANGKO SENTRAL ng Pilipinas (BSP) will allow new credit card issuers to enter the Philippine market, as...
China Bank income rises in Q1
CHINA BANKING Corp. (China Bank) saw its net profit rise slightly in the first quarter of the year amid growth in its core businesses.
In...
BPI lists SRO shares
BANK OF THE Philippine Islands (BPI) has listed 599.7 million new common shares at the local bourse following the completion of a P50-billion stock...
Peso ends flat after inflation data
THE PESO moved sideways against the dollar on Friday following the faster inflation print in April.
The local currency ended at P51.675 versus the greenback...