Business

By Riza Lozada The Bangko Sentral ng Pilipinas (BSP) said rules on the trading of derivatives will be improved as part of measures to increase the capacity of the domestic financial system. BSP Deputy Governor Nestor Espenilla Jr., in a speech during the Philippine International Banking Convention at Shang-ri La last Friday, said the BSP is continuously doing its best …

Preliminary Bangko Sentral ng Pilipinas (BSP) data showed that the country’s gross international reserves (GIR) rose to $85.90 billion by the end of September.

Fifty-six companies in the stock exchange are compliant with Islamic banking practice or Shari’ah based on a quarterly screening ending September by the Philippine Stock Exchange (PSE).

BPI Family Savings Bank, BPI’s retail lending arm, was named the Best Small and Medium Enterprises (SME) Bank at the 10th Annual Best Financial Institution Awards organized by Alpha Southeast Asia Publishing in ceremonies held at the Conrad Centennial Singapore.

By Riza Lozada Pilipinas Shell Petroleum Corp. (PSPC), a unit of Royal Dutch Shell, hopes to raise up to P2.7 billion in its initial public offer (IPO) through the issuance of 300 million shares including 30 million in new shares at an indicative price of 90 each.

The New Muara Container Terminal Services Sdn. Bhd. (NMCTS), a unit of International Container Terminal Services Inc. (ICTSI) and port services provider at the Port of Muara in Brunei, was recently honored at the 7th CMO Asia’s Best Employer Brand Awards 2016 in Singapore.

The Board of Investments (BOI) again hosted the Asia-Pacific Economic Cooperation (Apec) Automotive Dialogue (AD), a sectoral working group under the Committee on Trade and Investment (CTI) that serves as a forum for Apec member economy officials and senior industry representatives to work together to map-out strategies for increasing the integration and development of the automotive sector within the region. …

Media giant ABS-CBN Broadcasting Corp. and Philippine Long Distance Telephone (PLDT) Inc. have former a partnership to offer iWant TV, ABS-CBN’s pioneering video-on-demand service, to subscribers of PLDT and its mobile unit Smart.

Volatility in the global financial market will continue until the United States Federal Reserve (the Fed) gives a clearer path for its key interest rates, Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr. said.

By Riza Lozada Local banks’ foreign currency deposit units (FCDUs) have total deposits of $34.68 billion (P1.63 trillion) in the second quarter from $34.66 billion (P1.629 trillion) in the previous quarter, Bangko Sentral ng Pilipinas (BSP) data showed.