Investors in the Philippine stock market will be watching out for news on how the mid-term elections was conducted and how the Marcos administration’s candidates fared while also waiting for the release of remittance numbers. Rizal Commercial Banking Corporation Chief Economist Michael L....
The Bangko Sentral ng Pilipinas (BSP) has proposed requiring Islamic banking units (IBUs) operated by conventional banks to either transition into full-fledged Islamic banks or comply with universal bank capital requirements within five years. Under a newly proposed circular, the central bank has...
The local stock market ended the week higher as investors cheered to announcement of a trade deal between the US and the UK. The main index jumped 68.71 points or 1.08 percent to close at 6,458.20 as Conglomerates led the advance while Miners declined with weaker gold prices. Volume grew to 738...
The Yuchengco Group’s Rizal Commercial Banking Corporation rode on the strength of its consumer loans and credit card portfolios to grow unaudited consolidated net income by 10 percent to ₱2.43 billion in the first quarter of 2025. The bank disclosed to the Philippine Stock Exchange that its...
The PSEi bounced back from the previous day’s profit-taking after investor sentiment was buoyed by the low Philippine inflation rate for April plus a number of positive corporate earnings reports. The main index rose by 59.06 percent or 0.93 percent to close at 6,418.69 with the Services sector...
Gotianun-led East West Banking Corporation (EastWest) posted a six percent improvement in net income to ₱1.8 billion in the first quarter of 2025 from ₱1.7 billion in the same period last year on the back of strong consumer lending and continued optimization of its cost structure. “Our first...
Banker, physicist, coder, professor, financial planner, triathlete, mentor, thought leader – Rizal Commercial Banking Corp. (RCBC) President and CEO Eugene S. Acevedo wears these many hats. His life has been remarkable, though he would readily acknowledge he never walked this path alone. “I...
China Banking Corporation (Chinabank), the country’s fourth largest private bank, is reaping the fruits of its digital transformation as it has been a key growth driver leading to the improvement in first quarter profits. In a disclosure to the Philippine Stock Exchange, the bank said it...
China Banking Corporation (Chinabank), the country’s fourth largest private bank, is reaping the fruits of its digital transformation as it has been a key growth driver leading to the improvement in first quarter profits. In a disclosure to the Philippine Stock Exchange, the bank said it...
The local stock market ended almost flat as investors continue to wait for fresh economic news amid uncertainty in the global front. The main index inched up 2.69 points or 0.04 percent to close at 6,252.19 with sectoral indices evenly mixed. Volume was still low at 622 million shares worth P4.88...
The local stock market dipped after a short series of minor gains as investors remain cautious amid unpredictable policy shifts by the US on tariffs and attacks by Trump on the independence of the Federal Reserve. The main index shed 10 points or 0.16 percent to close at 6,158.48 as Miners rallied...
East West Banking Corp. is confident that the bank’s double-digit net income growth in 2024 will be sustainable, driven by its core businesses, unless international trade issues or other external developments disrupt the local economy. During the EastWest Bank 2025 Annual Stockholders’ Meeting...
