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Banking & Finance

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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Lyceum takes PCCL crown

Revenge is sweet for Lyceum.

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BSP to Implement Minimum Liquidity Ratio for Smaller Banks and QBs

The Monetary Board has approved the adoption of minimum prudential liquidity requirements for thrift banks (TBs), rural banks (RBs), cooperative banks (CBs) and quasi-banks (QBs) which are designed to enhance the covered BSP-supervised financial institutions’ resilience to liquidity stress events. With this new development, all banks and QBs will be subject to calibrated minimum prudential liquidity requirements. The BSP first …

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