Banks crowd BSP’s term deposit facility
By Melissa Luz T. Lopez
Senior Reporter
BANKS CROWDED the one-week term deposits offered by the Bangko Sentral ng Pilipinas (BSP) yesterday as market players preferred...
War for Asia talent pushes banks to improve plans to retain women
YEP, THERE’S STILL plenty of long hours, hard work and heavy travel. But global investment banks in Asia that want to retain and promote...
AUB books higher net income in 2017 as businesses grow
ASIA UNITED Bank Corp. (AUB) saw its net income rise in 2017 supported by growth across its businesses.
In a disclosure to the Philippine Stock...
Peso weakens as markets expect interest rate hike from US FOMC
THE PESO weakened against the dollar on Wednesday as investors expect the US Federal Reserve to hike its interest rates, which is seen to...
Treasury makes partial award of 10-year bonds
By Elijah Joseph C. Tubayan
Reporter
THE GOVERNMENT made a partial award of the 10-year Treasury bonds (T-bonds) it offered yesterday as yields surged ahead of...
GSIS extends search for external fund managers
By Karl Angelo N. Vidal
THE Government Service Insurance System (GSIS) has extended its search for external fund managers until April 13 as it wants...
Big banks’ soured loans extend increase in Jan.
By Melissa Luz T. Lopez
Senior Reporter
SOURED DEBTS held by big banks continued to rise in January, but maintained a modest share even as loans...
BDO chief reelected for 3rd term as BAP president
THE BANKERS Association of the Philippines (BAP) reelected its current president Nestor V. Tan for another term.
In a statement on Tuesday, BAP said Mr....
Credit markets give fuel to equity rout
EQUITY INVESTORS grappling with a technology selloff, trade tensions and hawkish monetary chatter have a new foe to contend with: growing angst in credit...
Peso rises ahead of Fed
THE PESO strengthened slightly against the dollar on Tuesday as investors were still on the sidelines ahead of the monetary policy meetings of the...
BSP allows fund investment in derivatives
By Melissa Luz T. Lopez
Senior Reporter
THE BANGKO SENTRAL ng Pilipinas (BSP) will allow fund managers to invest trust funds in financial derivatives, as part...
SSS revenues exceed target in 2017
SOCIAL SECURITY System (SSS) breached its revenue target in 2017 on the back of its intensified collection efforts.
In a statement sent to reporters on...