Banking & Finance

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.

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

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

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.

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.

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

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.

Revenge is sweet for Lyceum.

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 …

Preliminary data showed that the country’s gross international reserves (GIR) level as of end-January 2018 slid marginally to US$81.2 billion from the end-December 2017 GIR of US$81.6 billion, Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla, Jr. announced today.1 At this level, the GIR represents more than ample liquidity buffer and is equivalent to 8.2 months’ worth of imports …