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AUB books higher income in first half

ASIA UNITED Bank (AUB) saw higher net earnings in the first half of the year supported by double-digit growth in its core businesses.

Peso drops further vs dollar

THE PESO weakened against the dollar on Wednesday due to a wider trade deficit and as market players await for the central bank’s monetary policy decision.

Security Bank books lower earnings in first half

SECURITY BANK Corp. booked lower net earnings in the first semester of the year due to a decline in trading gains and an increase in provisions for income tax.

PSBank to decide on home loans in a day

PHILIPPINE SAVINGS Bank (PSBank) said decisions on home loan applications will now take just one day for the purchase of condominium units and properties from selected developers.

Peso down as inflation data fuel views of hike

THE PESO weakened against the dollar on Tuesday following the faster-than-expected July inflation print which supported views of another rate hike from the central bank.

Security Bank profit down in first half

Security Bank Corp. booked lower net income in the first half of the year on the back of lower trading gains and increase in provision for income tax.

Gov’t fully awards T-bill offering

THE GOVERNMENT made a full award of the Treasury bills (T-bill) it auctioned off on Monday as rates on the longer tenors slipped.

Philippine National Bank posts higher first-half profit as core businesses grow

PHILIPPINE National Bank (PNB) saw its net profit climb in the first half of the year on the back of growth in its total operating income.

PBB books lower Q2 income

PHILIPPINE BUSINESS Bank (PBB) booked a lower net income in the second quarter due to trading losses.

Peso at two-month high on rate hike bets

THE PESO strengthened against the dollar on Monday to hit a two-month high as market players anticipate a rate hike at the central bank’s meeting this week.

Treasury bill rates seen sideways

YIELDS ON Treasury bills (T-bill) on offer today are seen to move sideways as investors await local economic data to be released later this week.

Peso to rise ahead of PHL data

THE PESO will likely strengthen this week ahead of likely upbeat economic reports in the Philippines, boosted by the softer-than-expected jobs data out of the United States.

Manulife Asset positive on markets, sees inflation as temporary

THE asset management and trust arm of Manufacturers Life Insurance Co. (Phils.), Inc. (Manulife) said it is bullish on the domestic capital markets on the back of sustained economic growth despite headwinds, which it called “transitory.”

Peso weakens ahead of data, monetary policy decision

THE peso declined against the dollar on Friday with market participants awaiting jobs data from the US as well as a slew of Philippine economic data next week.

Security Bank rationalizes branches in digital push

SECURITY BANK Corp. is easing its branch expansion as it rationalizes its existing network amid its digitalization push.

Robinsons Bank income climbs 33.9% in first semester

ROBINSONS BANK Corp. saw its net profit climb in the first half of the year, driven by expansion of its loan book.

Peso slips on hawkish Fed

THE PESO slipped on Thursday, inching back to the P52 level intraday, as tracked the dollar in tight trade due to the hawkish stance of the US central bank.

BDO Leasing posts income decline on higher costs

BDO LEASING and Finance, Inc. saw a decline in its net income in the first half of the year due to higher costs.

S&P sees retail sector helping banks’ growth

S&P GLOBAL Ratings sees opportunity for growth in the Philippine banking sector as lenders continue to expand their retail loan segments.

China Bank books flat net income in first half

CHINA BANKING Corp. (China Bank) saw its net profit unchanged in the first half of the year even as recurring income grew amid lower fee-based revenues.

Peso inches higher as market eyes BSP meet

THE PESO strengthened further against the dollar on Wednesday as the market pocketed gains ahead of an expected tightening by the local central bank this month.

Gov’t rejects all bids for T-bonds

THE GOVERNMENT rejected all bids for the reissued 20-year Treasury bonds (T-bond) it offered on Tuesday as market preference remains on the short-end of the curve ahead of the August policy meeting of the local central bank.

PBCom gets BSP nod for P5-billion LTNCDs

THE PHILIPPINE Bank of Communications (PBCom) received central bank approval to issue P5 billion worth of long-term negotiable certificates of deposit (LTNCD) to strengthen its long-term funding.

Peso up on higher inflation estimate

THE PESO strengthened against the dollar on Tuesday to a seven-week high as the central bank said inflation likely quickened further last month.

UnionBank Q2 net profit falls over 17% as fee income drops

UNION BANK of the Philippines, Inc. said net profit fell in the second quarter following a decline in its “other” income.

T-bill rates rise ahead of policy meeting; P15B fully awarded

THE government fully awarded the Treasury bills (T-bill) it offered Monday, with rates climbing across the board, with investors expecting another monetary policy tightening from the Philippine and US central banks.

Peso higher vs dollar amid stock investment inflows, BSP rate remarks

THE PESO strengthened further against the dollar on Monday on the back of equity flows and hawkish statements from the Bangko Sentral ng Pilipinas (BSP).

State bank eyes bigger stake in fixed-income bourse

LAND BANK of the Philippines expects to buy more shares in the fixed-income bourse once the two have signed a share purchase agreement (SPA) in the coming weeks.

Treasury bills, 20-year T-bonds expected to fetch higher rates

GOVERNMENT SECURITIES on offer this week will likely fetch higher rates, with the Bureau of the Treasury (BTr) expected to reject all bids for the 20-year papers, as investors continue to wait for the local central bank to raise interest rates anew.

Peso to drop on strong US data

THE PESO will likely weaken this week as the dollar is seen to strengthen on the back of the upbeat US economic data as well as a likely hawkish statement out of the policy meeting of the Federal Reserve.

More Filipinos going cashless

MAJORITY OF Filipinos are now eager to pay electronically, Visa, Inc. said in a report, even as it flagged concerns on connectivity and infrastructure.

Manulife Asset Management and Trust launches Asia equity fund

THE ASSET MANAGEMENT and trust arm of Manufacturers Life Insurance Co. (Phils.), Inc. (Manulife) launched an equity fund that seeks to invest in Asian companies.

Peso down on corporate demand, US deal with EU

THE PESO depreciated against the dollar on Thursday due to corporate demand following the “favorable” agreement between the United States and the European Union on trade policies.

The country’s centralized public credit registry, banks and data privacy

IN MAY, S&P Global Ratings upgraded its risk assessment on the Philippine banking industry, uplifting the country’s Banking Industry Country Risk Assessment (BICRA) score to “6” from the previous “7.” S&P uses its BICRA framework to evaluate and compare global banking systems. Scoring is done on a one-to-10 scale, with one being the best score, signifying lowest risks.

Peso climbs vs dollar

THE PESO strengthened to hit three-week high against the dollar on Wednesday as the market continued to wait for the central bank’s policy decision amid hints on a fresh hike.

PSBank starts offer of P3-billion LTNCDs

PHILIPPINE SAVINGS Bank (PSBank) has started its offer of long-term negotiable certificates of deposit (LTNCD), which will be used to expand its consumer banking segment.

TrueMoney partners with WorldRemit

ELECTRONIC payments service provider TrueMoney Philippines has partnered with WorldRemit to launch an international remittance service in the country.

Peso climbs on easing tensions

THE PESO strengthened further against the dollar on Tuesday amid risk-on market sentiment due to subdued geopolitical noise abroad.

Gov’t fully awards T-bill offer on strong demand

THE GOVERNMENT made a full award of the Treasury bills (T-bill) it auctioned off on Monday, with rates on the longer tenors rising following the hints of a fresh rate hike from the central bank chief.

BSP OK’s Metrobank’s P25-B LTNCDs

METROPOLITAN Bank & Trust Co. (Metrobank) received central bank approval to issue P25 billion worth of long-term negotiable certificates of deposit (LTNCD) to diversify its funding sources.

Peso inches up versus US dollar

THE PESO strengthened slightly on Monday as the dollar weakened amid sustained concerns over the trade spat between the United States and China.

T-bill rates to move in tight range

YIELDS ON Treasury bills (T-bill) on offer this week will likely move sideways as the market looks for firmer leads amid hints of another interest rate hike from the local central bank.

Peso seen sideways

THE PESO is seen to move sideways against the dollar this week due to a possible rate hike from the local central bank as well as geopolitical concerns abroad.

GSIS 2017 net profit rises 69% on investment gains

THE Government Service Insurance System (GSIS) said net profit rose 69% in 2017 due to the performance of its financial investments.

Banks keep credit standards steady in Q2 — BSP survey

PHILIPPINE banks kept their lending criteria little changed in the second quarter, although some lenders said they grew stricter in granting business loans due to more stringent regulations, according to the results of a central bank survey.