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...

EastWest Bank posts higher earnings

EAST WEST Banking Corp. (EastWest Bank) booked a double-digit growth in its bottom line in the second quarter to boost its first-half performance on...

Peso slips ahead of US jobs data

THE PESO finished almost flat versus the dollar on Wednesday amid consolidation and profit taking, with investors on a wait-and-see mode ahead of key...

Clearing houses on track for rollout by September

By Melissa Luz T. Lopez,
Senior Reporter
PHILIPPINE BANKS are seen on track in rolling out two clearing houses for electronic transactions by September, the Bangko Sentral ng Pilipinas (BSP) chief...

Malaysia bond recovery under threat on reserves issue

MALAYSIA’S bonds are coming back in favor but the respite may be brief. The level of the nation’s foreign reserves is coming under scrutiny...

Security Bank posts higher income in first half

SECURITY BANK Corp. (Security Bank) recorded an increase in its earnings in the second quarter, boosting its first-half performance, fuelled by double-digit growth in...