Banking & Finance

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.

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.

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.