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...
BPI raises P50 billion from stock rights offering
BANK OF THE Philippine Islands (BPI) has completed its stock rights offer (SRO), raising P50 billion to fund its business operations and expansion.
In a...
IFC looks to issue first peso-denominated green bonds
INTERNATIONAL Finance Corp. (IFC) is eyeing to issue its first peso-denominated green bonds as it aims to support the local capital market and renewable...
Investors trim Asian currency positions
INVESTORS trimmed their positions on most emerging Asian currencies in the last two weeks, a Reuters poll showed, following recent strength in the dollar...
UBS looks to acquire controlling stake in China joint venture
UBS GROUP AG submitted an application to acquire a majority stake in its Chinese securities venture, becoming the first global bank to take advantage...
Linking economies for inclusive development
By J. Albert Gamboa
The Philippines is currently hosting the 51st Annual Meeting of the Asian Development Bank (ADB) Board of Governors from May 3 to 6 at...
Peso rebounds vs dollar
THE PESO rebounded on Thursday amid the stronger dollar overnight following the upbeat outlook on inflation from the US Federal Reserve.
The local currency closed...
Lower RRR to boost banks’ profit
By Melissa Luz T. Lopez, Senior Reporter
REDUCED reserve requirements will help boost incomes of Philippine banks, Fitch Ratings said, even as it flagged that...
Security Bank posts lower Q1 net income
SECURITY BANK Corp. posted a lower net income in the first quarter due to lower trading gains and higher provision for income tax.
In a...
Treasury makes full award of reissued five-year bonds
THE GOVERNMENT fully awarded the reissued five-year Treasury bonds (T-bonds) on Wednesday as yields picked up slightly on the back of an upgraded credit...