Peso expected to drop on positive US jobs data
THE PESO may weaken this week versus the dollar to reverse its upward trend from last week due to likely positive US inflation data...
Yields down on US data
By Christine J. S. Castañeda
Researcher
YIELDS on government securities (GS) traded in the secondary market went down last week as they tracked the movement of...
UnionBank net income down in Q2
UNION BANK of the Philippines (UnionBank) saw its income slide in the second quarter, but still posted a double-digit income in the first semester,...
PNB Savings books higher earnings in first half
PNB Savings Bank saw its net income jump by over a fourth during the first six months of the year, driven by a surge...
Peso climbs ahead of US jobs data
THE PESO strengthened against the dollar on Friday as investors turned cautious ahead of the release of US non-farm payrolls data.
The local unit closed...
PDIC to bid out P1.7-billion worth of properties
THE PHILIPPINE Deposit Insurance Corp. (PDIC) will bit out next week P1.7-billion worth of real estate properties, with proceeds to be used to pay...
BPI’s net income declines 7.7% in first semester
BANK of the Philippine Islands (BPI) reported a lower net income as of end-June following one-off gains from the sale of securities a year...
System remains liquid, says BSP’s Guinigundo
By Melissa Luz T. Lopez,Senior Reporter
THE financial system remains awash with cash even as bids for the weekly term deposit auctions have been logging below the central bank’s P180-billion...
Peso hits 6-week high against US dollar
By Janine Marie D. Soliman,Reporter
THE PESO rebounded against the greenback on Thursday, to hit a fresh six-week high after market players sold the dollar amid softer US labor...
China Bank profit rises 10% in first half
HENRY SY-LED China Banking Corp. (China Bank) saw its bottom line grow by a tenth in the first semester of the year, on the...
UCPB implements 1-day check clearing on Aug. 7
THE United Coconut Planters Bank (UCPB) will start implementing the one-day clearing for checks on Monday (August 7), as mandated by the Bangko Sentral...
Demand for BSP’s term deposits picks up
DEMAND for term deposits recovered yesterday, driving yields higher as banks wanted to park more funds with the central bank as they look for...