Draghi calm as ECB tracks euro, inflation
IF MARIO DRAGHI is worried about the strength of the euro, he’s hiding it well for now.
The European Central Bank (ECB) president has shirked...
People’s Bank of China looks to boost joint oversight of key financial firms
CHINA’S CENTRAL BANK said it will step up coordinated oversight of systemically important financial institutions, another step toward defusing risk before a gathering of...
BDO issue of LTNCDs oversubscribed, raising P11.8-B
BDO Unibank, Inc. (BDO) said it raised P11.8 billion from its long-term negotiable certificates of deposit (LTNCD), more than twice the original offer size...
RCBC lists LTNCDs on PDEx
RIZAL COMMERCIAL Banking Corp. (RCBC) said it listed about P2.5 billion worth of long-term negotiable certificates of deposit (LTNCDs) on the Philippine Dealing &...
Peso closes at nearly 11-year low on Korea tensions
THE PESO closed lower against the dollar on Friday, breaching the P51-to-the-dollar level intraday, amid escalating tensions between the United States and North Korea.
The...
PNB first-half net profit falls 37% in absence of year-earlier on-offs
PHILIPPINE NATIONAL Bank (PNB) said first-half net profit declined in the absence of one-off items from a year.
In a disclosure to the Philippine Stock...
BSP bullish banks can meet EMV shift deadline
By Janine Marie D. Soliman,
Reporter
THE BANGKO SENTRAL ng Pilipinas (BSP) is bullish all banks will be able to fully migrate their systems to the...
RCBC income up 67% in Q2
RIZAL COMMERCIAL Banking Corp. (RCBC) saw its profit slump in the first half of the year despite booking a double-digit rise in its bottom...
Peso sinks to three-week low on Fed bets
THE PESO continued to slump against the greenback on Thursday, hitting a three-week low, amid investor appetite for the dollar and stronger bets of...
Banks borrow from rediscount facility in July
BANKS revisited the central bank’s rediscount facility in July after it was left untouched for two months, which came alongside adjustments to the borrowing...
Scaling a startup
By Reynaldo C. Lugtu, Jr.
“How can I grow my business? How can we scale?” These are the common questions I got after my talk and after the panel...
Term deposits attract more bids
TERM DEPOSITS on offer yesterday saw stronger demand and pushed yields lower from a week ago, as banks remain awash with cash.
Bids received for...