Home Tags Bank

Tag: Bank

ADB turns even more bullish on PHL

By Elijah Joseph C. Tubayan Reporter THE ASIAN Development Bank (ADB) has again raised its economic growth outlook for the Philippines this year and in 2018...

Consumer loan rates steady in face of looming central bank tightening

By Maria Eloisa I. Calderon Editor-At-Large HOMEBUYERS with jumbo mortgages have less to fear about the end of ultra-low borrowing costs, while consumers contemplating personal loans...

Moody’s sees ‘stable’ conditions for PHL banks

By Melissa Luz T. Lopez Senior Reporter THE PHILIPPINE banking system will remain “stable” in 2018, Moody’s Investors Service said, noting that conditions will steady across...

Surging debt to make central banks in Asia cautious on rates

HONG KONG/SEOUL/MUMBAI/BEIJING/TOKYO -- Years of cheap money across Asia have left a legacy of surging debt that will force the region’s central bankers to...

Central bank cuts TDF offerings as demand continues to weaken

By Melissa Luz T. Lopez, Senior Reporter THE CENTRAL BANK will not offer month-long term deposits next week amid feeble demand for these instruments, with market...

BSP studying applications from players eyeing to set up virtual currency...

THE Bangko Sentral ng Pilipinas (BSP) is evaluating 12 applications from new players looking to set up virtual currency exchanges in the country amid...

Peso sideways ahead of Fed decision, BSP meet

THE PESO moved sideways against the dollar on Wednesday as the market was cautious ahead of the result of the US Federal Reserve meeting. The...

Quality-of-life expectations rise in Q3 — SWS

QUALITY-OF-LIFE expectations in the next 12 months rose in the third quarter compared with the second, Social Weather Stations (SWS) said, citing the results...

P2-B office project woos Binondo-based businessmen

By Victor V. Saulon, Sub-Editor GOLDEN BAY Properties, Inc., a company whose owners started in seafood trade, will spend around P2 billion to develop a...

NEDA-ICC approves new timetable for Samar, Iloilo projects

THE CABINET-LEVEL National Economic and Development Authority-Investment Coordination Committee (NEDA-ICC) last week approved extensions for the loan validity and construction period of two projects,...

RCBC expects loan growth to slow amid shift in focus

RIZAL COMMERCIAL Banking Corp. (RCBC) expects its loan growth to slow down next year as it veers towards loans to consumers and small and...

Growth outlook of select Asian economies

THE ASIAN Development Bank (ADB) has again raised its economic growth outlook for the Philippines this year and in 2018 over accelerating infrastructure spending...

Oct. sees less jobs, but quality improves

THE RANKS of jobless Filipinos grew in October, but job quality saw the biggest improvement in more than a decade, according to latest labor...

October trade gap biggest on record as imports outpace exports in...

By Ranier Olson R. Reusora Researcher FOREIGN SALES of Philippine goods grew for the 11th straight month last October, but the double-digit increase in merchandise imports...

Factory output expansion slowest in nearly 6 years

By Christine J. S. Castañeda Senior Researcher INDUSTRIAL PRODUCTION saw its biggest drop in almost six years in October, the Philippine Statistics Authority (PSA) reported yesterday. In...

Big banks’ NPLs rise 9%

By Melissa Luz T. Lopez, Senior Reporter BAD DEBTS held by big banks grew by nearly a tenth in October but accounted for an even smaller...

BSP sees ‘muted’ impact from fresh US interest rate hike

FINANCIAL MARKETS could see some hiccups as a response to a fresh interest rate hike in the United States, although its impact is expected...

Peso slips against dollar

THE PESO slipped against the dollar yesterday as the Philippines posted its biggest monthly trade deficit on record. The local unit closed at P50.51 against...

Del Monte Pacific raises $100M from preferred shares offer

DEL MONTE Pacific Limited (DMPL) said it has completed its offering of Series A-2 preferred shares last Friday, raising $100 million in the process. The...

Leaders join France’s Macron to discuss climate cash crunch

PARIS -- French President Emmanuel Macron will meet with world leaders on Tuesday, two years to the day since 195 nations adopted the climate-rescue...

Art Fair PHL adds photos to the art mix in an...

HERE are two pieces of good news for art lovers: Art Fair Philippines 2018 will spread out in over six levels and will occupy...

British double murderer appeals Hong Kong conviction

HONG KONG -- A British banker jailed for life for the horrifying murder of two Indonesian women at his upscale Hong Kong apartment in...

GNPower Dinginin secures bank financing for second unit

GNPOWER DINGININ Ltd. Co. (GNPD) has secured financing for the second 668-megawatt (MW) unit of its two-unit super-critical coal-fired power plant in Dinginin, Bataan,...

RCBC accuses Bangladesh of covering up cyber heist

MANILA — The Philippine bank through which $81 million stolen from Bangladesh’s central bank was channelled in February 2016 has accused Dhaka’s monetary authority...

Tax reform watch weighs on investor sentiment

ANY OPTIMISM over the Philippines’ credit rating upgrade on Monday by Fitch Ratings evaporated yesterday, as investors awaiting Congress’ ratification of tax reforms made...

FDIs steady year to date as September flows surge

FOREIGN DIRECT INVESTMENTS (FDI) to the Philippines surged in September amid sustained optimism from offshore investors, with both intercompany lending and equity capital picking...

Indonesia, Malaysia and Thailand seek to boost local currency settlement, cut...

JAKARTA -- The central banks of Indonesia, Malaysia and Thailand launched a framework on Monday aimed at increasing direct settlement of transactions in their...

Gov’t rejects all bids for T-bills

THE GOVERNMENT rejected all bids once more at yesterday’s auction of Treasury bills (T-bill) as banks asked for higher returns ahead of an expected...

BDO Nomura sees PSEi rising to 9,100 in 2018

By Arra B. Francia, Reporter THE MAIN INDEX could soar to the 9,100 level by the end of 2018, as earnings growth of listed companies...

Rediscount facility borrowings drop in November

PHILIPPINE BANKS availed of fewer loans under the central bank’s rediscount facility in November, which comes at a time of ample liquidity in the...

DoF to start talks on ADB PPP reform loan by H1

THE Department of Finance (DoF) aims to start negotiations with the Asian Development Bank (ADB) on a public-private partnership (PPP) policy reform loan within...

Representative Rey Umali shows bias in Sereno impeachment hearing

I was extremely surprised at the appointment of Maria Lourdes Sereno to the Supreme Court by President Benigno S. C. Aquino III in 2010....

PNOC may bid out $2-B LNG facility in Batangas

THE Philippine National Oil Co. (PNOC) is now considering bidding out the $2-billion integrated liquefied natural gas (LNG) facility that the state-led company plans...

Poll: Monetary policy stable as year ends

By Melissa Luz T. Lopez Senior Reporter THE CENTRAL BANK will likely maintain policy settings when it meets on Thursday as inflation and liquidity remain manageable,...

Banks’ exposure to property sector grows

BANKS hiked their exposure to the volatile property sector to breach the P2-trillion mark as of end-September as both real estate lending and investments...

Moves of three central banks to underline diverging fortunes

FRANKFURT -- Three central banks, meeting on both sides of the Atlantic, will highlight the diverging fortunes of the world’s biggest economies as they...

Ayala Land mulls options for health care business

By Arra B. Francia, Reporter AYALA LAND, Inc. (ALI) is studying options on how to move forward with its hospital business, following reports it is...

Banks eye global bond offer

INTERNATIONAL BANKS have expressed interest in participating in the Philippines’ planned global bond issuance early next year, the Finance chief said, as the government...

Peso to weaken vs dollar

THE PESO is seen to slide against the dollar this week due to upbeat US economic data as well as the expected interest rate...

Sustaining the Lead, Beating the Heat

By Diwa C. Guinigundo Exactly 21 years ago, in a speech delivered on Dec. 5, 1996, then US Fed chairman Allan Greenspan used the term...

Pence to face difficult Middle East visit in wake of Jerusalem...

JERUSALEM -- Neither the Palestinian Authority president nor the head of the Coptic Church in Egypt plan to meet with US Vice-President Mike Pence...

Public interest over vested interest

Protect public interest over vested interest. This is our call as the Tax Reform for Acceleration and Inclusion bill (TRAIN) is nearing to be...

Stocks to take cues from BSP, Fed policy meetings

STOCKS will move depending on the results of the Bangko Sentral ng Pilipinas (BSP)’ policy meeting this week, alongside announcements from the US Federal...

How to cure a toxic workplace

By Christopher Stephens THE seemingly endless sexual misconduct allegations of recent weeks make it clear that too many businesses have profound and systemic deficiencies that...

Yields on government securities steady ahead of Fed

By Christine J.S. Castañeda, Researcher YIELDS on government securities (GS) traded in the secondary market were flat last week amid anticipation of a Federal Reserve rate...