Metropolitan Bank & Trust Company (Metrobank) has approved the sale of its asset management unit to ATR Asset Management Inc. (ATRAM) while Union Bank of the Philippines is also in talks to merge its trust business with that of ATRAM. "These are bold moves by ATRAM to quickly scale up its trust...
First Metro Investment Corporation (First Metro) and First Metro Securities (FirstMetroSec) of the Metrobank group have been recognized by Hong Kong-based financial publication, Finance Asia for their excellence in investment banking and navigating the financial markets. In a statement, First Metro...
Antonio R. Ocampo, Jr. has been appointed as the new president and director of First Metro Investment Corporation, taking over from Jose Patricio A. Dumlao who retired last June 30 after four years with the company. Ocampo, an executive in the Metrobank Group with over 30 years of experience in...
First Metro Investment Corporation (FMIC), the investment banking arm of Metrobank, expects the Philippine economy to grow faster this year and continue to be among the best performing economies in Asia. “In the face of domestic and global challenges, the Philippine economy achieved a commendable...
The country’s economy is expected to reach six percent this year with the help of robust private consumption and government infrastructure spending, the Metrobank Group’s investment arm First Metro Investment Corp. said. In a breifing, First Metro President Jose Patricio Dumlao said that the...
The Philippines would not suffer a sharp economic slowdown next year due to strong domestic consumption, First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said in a joint report. In the December issue of the Market Call, FMIC and UA&P said the ongoing...
The local stock market closed flat as investors wait for the meetings of US and Philippine central banks. The main index shed 2.82 percent or 0.04 points to close at 6,582.38 as sectoral indices were evenly split. Volume was thin at 705 million shares worth P5.4 billion as losers beat gainers 113...
Heightened domestic demand is expected to cushion the impact of the Russia-Ukraine conflict on the economy in the first semester of the year, First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said in a joint report. FMIC and UA&P said that while Russian...
A joint report by First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) raised their growth forecast for 2022 to 7.0 percent from 6.0 percent stating the economic recovery is back on the fast growth lane. In the January issue of the Market Call, FMIC and UA&P...
The Philippine economy will likely get back into its previous growth path by the end of next year, First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said in a joint report. In the November issue of the Market Call, FMIC and UA&P said business optimism...
The Philippine economy may likely outperformed pessimistic forecasts for the third-quarter following the the sterling performance of the manufacturing sector, First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said in a joint report. In the October issue of...
