Peso rises on US-Iran deal hopes
THE PESO jumped against the dollar on Wednesday as global crude oil prices dropped after the United States and Iran signaled progress in their...
PBB net income drops to P221.56M
PHILIPPINE Business Bank (PBB) recorded a 62.45% drop in its net income in the first quarter, largely due to trading losses as the Middle...
Bond yields surge on CPI data
THE GOVERNMENT partially awarded the dual-tranche Treasury bonds (T-bonds) it offered on Tuesday as the market asked for higher yields, with faster-than-expected April headline...
Metrobank Q1 profit rises to P12.6B
METROPOLITAN BANK & Trust Co.’s (Metrobank) net profit rose by 2.86% in the first quarter, supported by higher interest and fee earnings.
The bank’s attributable...
Peso edges higher as April inflation data bolster BSP rate hike hopes
THE PESO inched higher against the dollar on Tuesday as faster-than-expected April headline inflation supported bets of more rate hikes by the Bangko Sentral...
BPI says 100 branches now powered by renewable energy
BANK of the Philippine Islands (BPI) said 100 of its branches are now powered entirely by clean energy following the recent transition of 30...
PBCom to redeem P7.7B in corporate bonds
PHILIPPINE BANK of Communications (PBCom) will fully redeem P7.69 billion in corporate bonds following their maturity on Tuesday.
“The Philippine Bank of Communications announces the...
Metrobank books P12.6-billion net income in Q1
METROPOLITAN BANK & Trust Co. (Metrobank) posted a net profit of P12.6 billion in the first quarter, supported by strong interest and fee income,...
BTr partially awards T-bills as yields jump on inflation woes
THE GOVERNMENT partially awarded the Treasury bills (T-bills) it offered on Monday as yields jumped across the board on expectations of faster April inflation...
Peso drops as war risks persist
THE PESO declined anew versus the dollar on Monday as escalating tensions in the Strait of Hormuz despite the ceasefire between the United States...
ASEAN+3 finance, central bank chiefs vow stronger regional ties amid shocks
FINANCE MINISTERS and central bank governors of the Association of Southeast Asian Nations Plus Three (ASEAN+3) have pledged to tighten regional cooperation as the...
BSP bills fetch higher rate despite strong demand
THE BANGKO SENTRAL ng Pilipinas’ (BSP) short-term securities fetched a higher average yield for a second straight week on Monday, even as the offer...