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THE PHILIPPINES’ “fairly robust” economic growth -- though below official target so far -- can be expected to generate profit and expansion opportunities for banks in the country, Fitch Ratings said on Thursday, adding that liquidity conditions will likely ease further due to central bank steps to loosen monetary policy in step with much of the world.
METROPOLITAN BANK & Trust Co. (Metrobank) raised P11.25 billion in fresh funds via fixed-rate bonds, marking the fourth tranche of its P100-billion bond program.
THE DATABASE of foreign workers in the Philippines will be managed by the Department of Labor and Employment (DoLE) as the government tax machine tightened its grip on foreign workers, with the online gaming industry alone expected to generate about P4.4 billion in withholding taxes.
OUTSTANDING government debt rose month-on-month in May driven by fluctuations in foreign exchange rates and an increase in foreign loans after two issues of government bonds, the Bureau of the Treasury (BTr) said.
THE CREDIT CARD arm of Rizal Commercial Banking Corp. (RCBC) eyes to issue five million cards over the next 10 years, as it sees growth in the non-card debt segment.
THE PESO weakened slightly against the dollar on Tuesday amid market uncertainty ahead of key economic data releases here and in the United States.
THE PESO is seen to strengthen at a slower pace over the near term as market optimism on cooling US-China trade tensions fades and ahead of further monetary easing by the local central bank, Fitch Solutions said.
THE RATE of the three-year Treasury bonds (T-bond) on offer tomorrow will likely decline amid persistent strong demand for short-term securities.
THE INSURANCE INDUSTRY posted higher net income in the first quarter propelled by strong growth across all sectors, the Insurance Commission (IC) reported.
THE Insurance Commission (IC) has issued guidelines on insurers’ investment on real estate investment trusts (REIT), admitting such as assets.
THE FIVE local banks exposed to the troubled Hanjin Heavy Industries and Construction Philippines (HHIC-Phil) are exploring a two-pronged approach to recoup their funds, an official from Rizal Commercial Banking Corp. (RCBC) said.
THE PESO rose further to hit a fresh one-year high on Tuesday as the dollar remained weak due to tensions between the United States and Iran.
MORE foreign capital went out of the Philippines in May for the third straight month, amid the escalating trade tensions between the United States and China, the Bangko Sentral ng Pilipinas (BSP) reported on Friday.
THE INSURANCE Commission (IC) is now requiring new insurance adjusters to secure endorsement from two associations related to the industry.
THE Department of Finance (DoF) said the government’s legislative priorities in the next Congress include the remaining packages of the tax system overhaul and measures reforming the foreign investment regime and retail industry, as well as amendments to the Public Service Act.
THE PESO strengthened further against the dollar on Thursday to hit a fresh two-month high, as risk appetite improved following the dovish statement of the US Federal Reserve.
THE PHILIPPINES was the second-fastest growing bond market in the first quarter as government and corporate issuances continued to expand due to strong liquidity, the Asian Development Bank (ADB).
THE Philippine Competition Commission (PCC) has given East West Banking Corp. the green light to acquire the car loan portfolio of Philippine Bank of Communications (PBCom).