Investors flock to TDF as BSP dangles new tenor
By Melissa Luz T. Lopez, Senior Reporter
BANKS swarmed the term deposit facility (TDF) yesterday as the central bank started offering a two-week instrument, with...
CitySavings plans branch-lite units, acquisitions
CITYSAVINGS Bank, Inc., the thrift banking arm of the Aboitiz-led UnionBank of the Philippines, is leveraging on the simplified bank branch concept as well...
Universal, commercial banks book higher earnings
BIG BANKS booked higher incomes in 2017 amid robust lending growth which offset lower trading gains, latest data from the Bangko Sentral ng Pilipinas...
Monetary Board orders Rural Bank of Loreto shut
THE CENTRAL BANK has shuttered a rural bank in the Dinagat Islands, marking the first to be ordered closed this year.
In a statement, the...
Peso sinks to P52:$1 level on data
THE PESO sank below the P52-per-dollar level on Wednesday amid market caution ahead of the release of Japan and Eurozone’s economic growth data as...
Seven insurers to halt operations
SEVEN INSURANCE companies voluntarily surrendered their licenses to operate after failing to meet the minimum net worth requirement of the Insurance Commission (IC).
In a...
RCBC net income climbs 11.4% to P4.3B in 2017
RIZAL COMMERCIAL Banking Corp.’s (RCBC) net income climbed in 2017 on the back of growth across its business segments.
In a disclosure to the local...
UCPB posts higher profit on core businesses’ growth
UNITED COCONUT Planters Bank (UCPB) saw higher net earnings in 2017 as income from its businesses grew across the board.
In a statement sent to...
BSP eyes ‘enabling’ rules on sustainable finance
THE Bangko Sentral ng Pilipinas (BSP) will stick to “enabling” rather than prescriptive rules on sustainable finance, as the regulator eyes to promote “flexible”...
Peso nears P52-per-dollar level
THE PESO dropped further against the dollar on Tuesday, breaching the P52 level intraday, ahead of the release of US January inflation data.
The local...
Gov’t partially awards T-bills as rates rise
THE GOVERNMENT made a partial award of the P20 billion it planned to raise through the auction of Treasury bills (T-bills) yesterday as yields...
Global Crypto Hub starts operations
By Melissa Luz T. Lopez,
Senior Reporter
BANGKOK-BASED Global Crypto Hub has started operations in the Philippines, with plans to dangle an initial coin offering (ICO)...