Asian currencies climb vs dollar
MOST ASIAN currencies advanced on Tuesday with the dollar coming under pressure after investigators probing Russian meddling in the US election had charged President...
PCHC sees earlier cleared funds availability in banks
THE PHILIPPINE Clearing House Corp. (PCHC) expects earlier fund availability in a few months, with lenders implementing one-day check clearing as mandated by the...
Resolution, Swiss Re eye life insurance portfolios
MUNICH/FRANKFURT — Britain’s Resolution Group, Swiss Re and private equity firm Cinven have expressed an interest in acquiring two large German life insurance portfolios owned...
BDO net income up 5% as of September 2017
BDO UNIBANK, Inc. (BDO) posted higher earnings in the first nine months of the year, driven by higher income from its core and fee-based...
New telco player could aid shift to e-payments
By Melissa Luz T. Lopez, Senior Reporter
THE ENTRY of a new telecommunications provider could spur a faster migration to electronic payments, Bangko Sentral ng...
Peso strengthens ahead of break amid Fed uncertainty, US growth
THE PESO gained ground versus the greenback on Monday amid sideways trading due to profit taking ahead of the holidays, stronger-than-expected US economic growth,...
UnionBank’s earnings decline in Q3
UNION BANK of the Philippines (UnionBank) saw its net profit decline in the third quarter, dragged by lower earnings from trading and other miscellaneous...
Most businesses believe digital payments improve financial standing
NEARLY all businesses in the Philippines believe the inclusion of digital payments in their business models improve their financial health, according to a survey...
Philippine Business Bank books lower net income in third quarter
PHILIPPINE Business Bank (PBB) posted lower earnings in the third quarter due to a decline in trading gains as well as higher expenses.
In its...
UnionBank sees double-digit net income growth
By Melissa Luz T. Lopez, Senior Reporter
UNION BANK of the Philippines (UnionBank) expects another double-digit expansion in its bottom line for this year, supported...
Peso may drop further after US GDP report
THE PESO could slide further this week and may even test the P52 level as the dollar strengthens further, driven by better-than-expected economic growth...
Yields on government debt mixed on Fed debate, ECB
LOCAL DEBT YIELD performance was mixed last week, with recent developments in the US and Europe continuing to influence government securities (GS) trading.
GS yields...