Moving around again
By Flor G. Tarriela
AFTER three years of being in “staycation,” we are now moving around again, with the loosening and removal of restrictions. It’s the time of the year when balikbayan relatives start to visit, which we missed the past two years. Reunions are such great times. Despite the time and distance, when you meet close relatives and friends again, it’s as if even your childhood years just happened yesterday, with no time lost.
Metrobank’s net income climbs 47.93% to P32.78 billion in 2022
METROPOLITAN Bank & Trust Co. (Metrobank) saw its net income rise by 47.93% in 2022 amid the improved performance of its consumer and corporate...
Coins.ph gets sandbox approval from central bank for peso stablecoin
CRYPTOCURRENCY platform Coins.ph has received sandbox approval from the Bangko Sentral ng Pilipinas (BSP) to issue a peso stablecoin called PHPC, which will be...
Peso retreats vs dollar on surge in infections
THE PESO weakened versus the dollar on Monday on risk-off sentiment caused by the surge in new coronavirus infections in the country as well as the decline in cash remittances.
Gov’t fully awards 10-year bonds as rate drops
THE government fully awarded the reissued Treasury bonds (T-bonds) it offered on Tuesday at a lower rate as the financial system remains liquid and on expectations of supportive monetary policy here and abroad.
Peso returns to P50:$1 level on Fed’s outlook
THE PESO sank back to the P50-per-dollar level on Thursday after the US Federal Reserve said economic recovery will likely come at a slower pace and as investors await announcements on new lockdown measures here at home.
BSP tightens capital infusion rules
By Melissa Luz T. Lopez, Senior Reporter
THE CENTRAL BANK has set stricter rules for lenders in choosing strategic investors, as the regulator raised standards...
Peso rebounds to P51:$1 level
THE PESO recovered against the dollar on Tuesday to return to the P51 level as market participants took profit ahead of the policy meeting of the US central bank.
Peso strengthens as inflation eases in December
THE PESO rebounded versus the greenback on Wednesday as inflation was slower than expected in December.
UK plans levy on banks, other financial firms to tackle money laundering
LONDON -- Britain is expected to announce this week a new levy on banks and other firms regulated for anti-money laundering to raise up to 100 million pounds ($130 million) to tackle dirty money, the government said on Saturday.
DBP targets to grow loan book to P419B, assets to over P800B
DEVELOPMENT BANK of the Philippines (DBP) is looking to grow its loan portfolio to P419 billion and breach the P800-billion mark for its asset base this year as the bank aims to reach P1 trillion in assets by 2022.
AUB books double-digit income growth
ASIA UNITED BANK Corp. (AUB) posted double-digit growth in its net income in 2018 driven by the robust performance of its core businesses.