Business

Contecon Guayaquil SA (CGSA), a subsidiary of global operator International Container Terminal Services, Inc. (ICTSI) at the Port of Guayaquil in Ecuador, recently received President Lenín Moreno, who lauded CGSA’s contributions to the growth of Ecuador.

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 …

At its meeting on monetary policy today, the Monetary Board decided to maintain its policy rate, the interest rate on the Bangko Sentral ng Pilipinas (BSP’s) overnight reverse repurchase (RRP) facility, steady at 3.0 percent. The corresponding interest rates on the overnight lending and deposit facilities were also kept unchanged.

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

NEWS FACTS: Designed for the digital age, new high-performance Fujitsu ETERNUS AF storage solutions support storage consolidation, fast data growth and performance critical applications Hybrid ETERNUS DX family enhances capabilities to balance speed, capacity and cost Maximum interoperability between ETERNUS AF and DX storage arrays allows businesses to reduce purchase and operational expenses Fujitsu today announces its next generation of …

The constituents of Libertad in Butuan City, Agusan del Norte, led by its local government leaders and Department of Health officials, came together to celebrate the inauguration of the town’s newly rehabilitated rural health unit.

LAHUG, CEBU CITY—January 25, 2018—Honda Philippines, Inc. (HPI), an innovator of cutting-edge motorcycles, recently opened its Honda Big Bike Showroom to the public in its Flagship Shop at Lahug, Cebu City.

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.