BSP forms new unit as part of reorganization
By Melissa Luz T. Lopez, Senior Reporter
THE Bangko Sentral ng Pilipinas (BSP) will introduce a new unit in the bank as part of its...
RCBC net income up 13% in 1st quarter
RIZAL Commercial Banking Corp. (RCBC) reported its net income went up 13% in the first quarter supported by robust loan growth and reduction in...
Peso falls vs US dollar after BSP rate hike
THE peso dropped against the dollar on Friday following the “dovish” remarks from the Bangko Sentral ng Pilipinas (BSP), which raised interest rates for...
PSALM names winning bidders for power plant fuel supply
THE Power Sector Assets and Liabilities Management Corp. (PSALM) named Pilipinas Shell Petroleum Corp and Phoenix Petroleum Philippines, Inc. as the winning bidders for...
Philippine stocks rally after BSP hikes rates
LOCAL stocks surged to close above the 7,700 level on Friday, after the central bank’s decision to raise interest rates for the first time...
Supreme Court votes to oust Sereno in landmark ruling
The Supreme Court (SC) en banc, in a landmark ruling made on Friday, May 11, voted 8-6 favoring Solicitor General Jose C. Calida's quo...
BSP hikes rates as inflation heats up
By Melissa Luz T. Lopez
Senior Reporter
THE Bangko Sentral ng Pilipinas (BSP) raised its key rates yesterday, marking its first tightening move in nearly four...
Economy grows 6.8% in Q1 but Pernia says inflation a ‘spoiler’
By Ranier Olson R. Reusora
Researcher
THE Philippine economy grew in the first quarter on the back of double-digit growth in government spending, but could have...
Foreign direct investments surge to $573M in February
FOREIGN DIRECT INVESTMENTS (FDI) surged anew in February, supported by strong placements in both debt and equities as players grew more confident about local...
SMC recurring profit up 31% in 1st quarter
SAN MIGUEL CORP. (SMC) grew its consolidated recurring profit by a third in the first quarter of 2018, fueled by the performance of its...
GT Capital implements Metro Park master plan
By Arra B. Francia, Reporter
GT CAPITAL HOLDINGS, Inc. is now implementing the master plan for its 40-hectare mixed use estate in the Bay Area...
Vista Land Q1 earnings jump 13% on higher reservation sales
VISTA LAND and Lifescapes, Inc. (VLL)’s attributable profit grew by 13% in the first three months of 2018, supported by its residential business alongside...