Yields on gov’t debt rise
By Jochebed B. Gonzales
Senior Researcher
DOMESTIC YIELDS rose, closely tracking the movement of US Treasuries (USTs) even as the national government partially awarded bonds at...
Peso to weaken on Fed officials’ speeches
THE PESO will likely weaken against the dollar this week due to hawkish speeches from US Federal Reserve officials amid generally mixed US economic...
Peso climbs back to P51:$1 level
THE PESO strengthened against the dollar on Friday to return to the P51 level as it continued to correct following its plunge on Monday.
The...
Thrift banks’ NPLs climb in 2017
SOURED DEBTS held by thrift lenders grew by a tenth in 2017 to match the increase in total loans granted from a year ago,...
Batangas rural bank ordered shut
A RURAL BANK in Batangas has been ordered shut by the Bangko Sentral ng Pilipinas (BSP), becoming the second lender to be closed down...
Landbank books higher income
LAND BANK of the Philippines (Landbank) saw its net income grow in 2017 on the back of its robust core revenues.
In a statement sent...
BDO Leasing profit steady in 2017
BDO LEASING and Finance, Inc. (BDO Leasing) booked a steady net income in 2017 as higher gross revenues were tempered by higher funding and...
Bank of America commits to London despite Brexit
BANK OF AMERICA Corp. is the latest overseas bank to commit its long-term future to the United Kingdom even as the country prepares for...
Sustainable business: transcending CSR theaters
By Benel D. Lagua
Recent developments across the globe have tested companies in a number of ways. Corporate citizenship, philanthropy and social innovation have been swiftly thrust into...
Peso ends flat on FOMC meeting minutes
THE PESO closed flat against the dollar on Thursday following the release of hawkish minutes of the January meeting of the US Federal Reserve.
The local currency...
Yields on term deposits inch up despite strong investor demand
By Melissa Luz T. Lopez,
Senior Reporter
YIELDS on term deposits offered by the Bangko Sentral ng Pilipinas (BSP) inched higher yesterday despite strong demand, which...
UnionBank of the Philippines raises P3 billion from LTNCD offering
By Karl Angelo N. Vidal
UNIONBANK of the Philippines raised P3 billion from its long-term negotiable certificates of deposit (LTNCD), which it wants to use...