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Banking & Finance

BSP Governor attends unveiling of Rizal bust in Czech Republic

BSP Governor Nestor A. Espenilla, Jr. attended the unveiling of the bust of Dr. Jose Rizal at the Czech National Bank (CNB), the central bank in Prague, Czech Republic on 25 June 2018 together with his wife, Mrs. Teresita Espenilla. This was one of the highlights of his bilateral meeting with his counterpart, CNB Governor Jiøí Rusnok.

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BSP launches the Digos City CSF

In partnership with the City Government of Digos, the Bangko Sentral ng Pilipinas (BSP) is launching the 52nd Credit Surety Fund (CSF) in the country on 25 June 2018.

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Landbank offers to buy Singapore Exchange’s PDSHC shares

State-owned Land Bank of the Philippines (Landbank) has offered to buy Singapore Exchange Ltd.’s (SGX) 20 percent stake, or 1.25 million shares, in the Philippine Dealing System Holdings Corp. (PDSHC) at P350 apiece.

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Peso remains strong vs. USD; PSEi slides anew

Political concerns in the US continue to worry investors resulting in the risk-off sentiment even in the Philippine equities market Thursday but the Philippine peso remained strong against the greenback.

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American Chamber welcomes record-high FDI in PH

The American Chamber of Commerce of the Philippines (AmCham) has welcomed the record-high foreign direct investment (FDI) that the country posted in 2017.

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Philippines to launch Panda bond

The Philippines is set to launch its planned RMB 1.46 billion-worth Panda bond soon, Finance Secretary Carlos Dominguez III said.

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Metrobank prices rights offer at P75 per share

Metropolitan Bank & Trust Company (Metrobank) has priced its stock rights offer at P75 per rights share, as it aims to raise P60 billion in fresh capital to grow its loan portfolio and support other strategic business initiatives.

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ADB urged to reinvent self to become inclusive

The Asian Development Bank (ADB) should “reinvent” itself by pursuing new development programs to spell wider economic inclusion across the Asia-Pacific after helping transform the region into the “center of gravity” of the global economy, Finance Secretary Carlos Dominguez III said.

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Philippine’s CA deficit far from being worrisome – BSP exec

Monetary officials maintain that the Philippine Current Account (CA) balance , even at a small deficit, remains in a healthy level.

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Landbank net income grows to P14.05B

Land Bank of the Philippines posted P14.05 billion in net income for 2017, 4% higher than the P13.58 billion net income in 2016.

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