Yields on gov’t debt drop on steady April inflation

YIELDS ON government securities (GS) went down last week as investors reacted to April inflation data and the result of the five-year bond auction.

Peso may climb further despite expected GDP contraction in Q1

THE PESO will likely continue to climb this week even as the economy is expected to have remained in contraction in the first quarter.

Megawide unit obtains relief on Cebu Airport debt payment terms

Megawide Construction Corp. said Friday that the lenders of its subsidiary GMR-Megawide Cebu Airport Corp. (GMCAC) have agreed to adjust the airport company’s debt...

AUB net profit plunges in Q1 on heavy provisioning

Asia United Bank Corp. (AUB) said net profit declined 38% year-on-year to P736 million in the first quarter after it increased provisioning levels in...

Peso rally continues on strength of exports

The peso rally passed the one-week mark Friday following improving trade data, featuring a strong rebound in exports. The peso closed at P47.855 against the...

Metrobank eyes P10B from 5.25-year bonds

METROPOLITAN BANK & Trust. Co. (Metrobank) wants to raise P10 billion via a bond offering to boost its capital and funding sources.

Asian Development Bank’s net allocable income hits $1.13 billion

THE ASIAN Development Bank’s (ADB) board of governors agreed on Wednesday to allocate a record high of $1.13 billion in the net allocable income booked in 2020 to support the bank’s operations.

Credit Suisse Group boosts hiring across Asia-Pacific to tap fast-growing markets

CREDIT SUISSE Group AG has boosted its headcount by more than 100 across Asia-Pacific this year as the Swiss lender seeks to increase the share of revenue it draws from the region’s fast-growing markets.

Singlife targets higher PHL market share

SINGAPORE LIFE Philippines (Singlife Philippines) is targeting to grow its customer base to 150,000 by yearend and capture 10% of the overall market by 2025 as the fully digital life insurer eyes to expand its reach in the country.

Banks, officials to face sanctions for irregularities due to lax KYE mechanisms

BANKS and their officials may face monetary and non-monetary penalties once irregularities occur due to their lax know-your-employee (KYE) mechanisms amid tighter restrictions from the Bangko Sentral ng Pilipinas (BSP).