Banking & Finance

Risk-off sentiment overseas impacted on the Philippine Stock Exchange index (PSEi) and the peso Friday.

An economist of ING Bank Manila said the Bangko Sentral ng Pilipinas’ (BSP) inflation forecast for January 2018, at 3.5 to 4 percent, may concern the market since the upper end is already higher than the central bank’s 3.2 percent average projection for the year.

By Leslie Gatpolintan Net income of Metropolitan Bank & Trust Company (Metrobank) rose 10-percent to PHP18.2 billion in 2017, Metrobank President Fabian Dee reported Thursday to the Philippine Stock Exchange (PSE) Thursday.

By Joann Villanueva Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla Jr. said the peso “is just fine” amid its recent weakness and stressed that the currency’s performance only reflected current market environment.

By Joann Villanueva Impact of the first tax reform package on inflation is “more or less as expected” but Bangko Sentral ng Pilipinas (BSP) officials continue to monitor developments to be able to make the necessary adjustments if needed.

The boards of the World Bank and the Asian Infrastructure Investment Bank (AIIB) has approved the co-financing for the $500-million Metro Manila Flood Control Management Project paving the way for its start this month, the Department of Finance (DOF) said.

By Riza Lozada Gokongwei group-led Robinsons Bank and British life insurer Pru Life UK recently entered a strategic bancassurance partnership in a distribution agreement signing held at Crowne Plaza Galleria Manila.

Saving habits mean a lot to relatives working abroad.

State pension fund Social Security System (SSS) expects investment income to reach P60 billion within three years, or double the P30 billion last year, following its participation in infrastructure projects through the purchase of a minority stake in diversified and infrastructure conglomerate Megawide Construction Corp.During the commemoration rites for the share sale Friday, SSS said it acquired 5.17-percent stake in …

By Riza Lozada The Bureau of Internal Revenue (BIR) will speed up the streamlining of processes for the documentary requirements of micro, small and medium-scale enterprises (MSMEs) renewing business permits following the congressional approval and implementation of the first package of the tax reform law.