Security Bank earnings jump 53% to P10.6 B
Security Bank Corporation posted a 53 percent jump in net income to P10.6 billion in 2022, driven by growth in core businesses, lower credit provisions and normalized income tax provisions.
In a disc
0评论2023-03-01848
BSP forecasts 8.5%-9.3% February inflation
The Bangko Sentral ng Pilipinas (BSP) forecasts February inflation to hit a high of 9.3 percent or a low of 8.5 percent versus January’s actual rate of 8.7 percent amid persistent high prices.In a st
0评论2023-03-01683
BDO profits jump 33%, declares higher dividend
BOO Unibank, Inc. reported a 33 percent jump in profits to P57.1 billion last year from P42.8 billion in 2021, driven by robust growth across its core businesses.In a disclosure to the Philippine Sto
0评论2023-03-01515
RCBC profit surge 71%, becomes 5th biggest private bank
Rizal Commercial Banking Corporation reported a 71 percent surge in net income to P12.1 billion last year, supported by the double-digit increase in core business income.In a disclosure to the Philip
0评论2023-03-01709
BSP ups bills’ auction, but undersubscribed
The central bank raised the auction volume of 28-day securities on Monday, Feb. 27 to P160 billion from the previous week’s P140 billion but it was undersubscribed with a higher yield.Bangko Sentral
0评论2023-03-01957
BSP gets P10B add’l capital from gov’t
The government will infuse P10 billion as additional capital to the Bangko Sentral ng Pilipinas (BSP), raising its current P50 billion to P60 billion authorized capitalization, but still short of the
0评论2023-03-011032
Turkish Islamic bank eye PH business
An Islamic bank based in Turkey is exploring ways to put up a subsidiary or unit in the Philippines and could possibly be the first foreign bank to go into Islamic finance here, according to a centra
0评论2023-03-01561
Maharlika Fund current version is acceptable – Medalla
The current Senate version of the proposed Maharlika Investment Fund (MIF) is more acceptable than previous design, particularly since it will not touch the country’s US dollar reserves, according to
0评论2023-03-01348
BSP to hike rates by 25 bps next month, sees lower Feb. inflation — Medalla
Bangko Sentral ng Pilipinas (BSP) Governor Felipe M. Medalla said they will do another 25 basis points (bps) rate increase on March 23 on expectation of a lower inflation for the month of February, o
0评论2023-03-01520
DBP net income up 50% to P5.6 billion
State-owned Development Bank of the Philippines (DBP) full-year net income surged by 50 percent in 2022 reaching P5.61-billion compared to the P3.74-billion that it earned in 2021, as lending activit
0评论2023-03-011084
BSP’s Paleng-QR Ph in Metro Manila cities soon
After implementing the Paleng-QR Ph Plus program in several key areas outside of the National Capital Region, the central bank is launching the digital payments ecosystem in Pasig this week, the firs
0评论2023-03-02698
AIA PH sets up P155-B wealth management unit
AlA Philippines has launched on Thursday, Feb. 23, the company’s investment management arm in the country.
In a briefing, Kelvin Ang, AlA Philippines chief executive officer introduced AlA Investment
0评论2023-03-021156
BSP relaxes rule on PERA administrators’ required security
The Bangko Sentral ng Pilipinas (BSP) said it has reduced the 0.5 percent security for all administrators of the Personal Equity and Retirement Account (PERA) to a zero rate, effectively removing thi
0评论2023-03-02610
Hot money nets $292M in January
The Bangko Sentral ng Pilipinas (BSP) registered $292.12 million “hot money” net investments for the month of January, higher than December’s $92.95 million and from same period in 2022 of $14.6 mill
0评论2023-03-021134
MacroAsia partners with Chinese firm for expansion
MacroAsia Corporation, the airline logistics unit of the Lucio Tan Group, has signed a Strategic Cooperation Agreement with Weihai Guangtai Airport Equipment Co. Ltd. which includes the supply of P12
0评论2023-03-03685
Stocks lose most of the day’s gains
Local share prices were higher but much lower than the day’s peak as investors wait for cues from economic data due in coming days.
The main index inched up 15.32 points or 0.23 percent to close at
0评论2023-03-03802
2GO Group to delist from PSE
The Philippine Stock Exchange has granted the request of 2GO Group Inc. for a voluntary suspension of the trading of its shares after it announced a plan to voluntary delist its shares from the bours
0评论2023-03-03384
AyalaLand Logistics posts P1-B net income
AyalaLand Logistics Holdings Corporation (ALLHC), a subsidiary of Ayala Land, Inc. (ALI), registered a 29 percent growth in net income to P1.01 billion last year on account of resilient operations an
0评论2023-03-03901
PSBank profits rise to record high
Philippine Savings Bank (PSBank), the thrift-banking arm of the Metrobank Group, reported that its net income shot up 139 percent to a record-high P3.68 billion in 2022 from the P1.54 billion earned
0评论2023-03-03557
Stocks stop slide on good earnings reports
The local stock market took a breather from its downward trend as investor sentiment was buoyed by positive corporate earnings reports.
The main index rose 50.93 percent or 0.78 percent to close at
0评论2023-03-03802