Dutch financial giant ING expects the Philippine peso to depreciate against the United States (US) dollar in the near term as the US President Donald Trump-led global trade war rages on and the domestic economy weakens. "We look for the Singapore dollar and Philippine peso to underperform in a...
Zobel-led Ayala Corporation, the country's oldest conglomerate, has secured a €50 million (P3.1 billion) social loan from leading European bank ING to support the portfolio growth of Ayala Healthcare Holdings Inc. (AC Health). In a statement, Ayala said, "this social loan from ING comes at an...
While advanced Asian countries lead the global shipbuilding industry, a global think tank stated that emerging Asian countries such as the Philippines, Vietnam, and India have significant potential to take up space in the industry. Dutch think tank ING said in a Dec. 16 report that China, South...
Philippines National Bank, the financial services arm of the Lucio Tan Group, is planning to raise fresh funds from the issuance of US dollar-denominated notes. In a disclosure to the Philippine Stock Exchange, the bank said it has mandated ING and J.P. Morgan as Joint Lead Managers and Joint...
Inflation likely further slid to 2.9 percent in September as oil and rice price hikes eased, according to Dutch financial giant ING. "The Philippines' small decline in rice prices in September and lower transport fuel prices will have been offset by increases in fruits and vegetables and some other...
Dutch financial giant ING expects the Bangko Sentral ng Pilipinas (BSP) to continue cutting interest rates, given favorable inflation expectations for August and beyond. "Even though there is no evidence yet that the July tariff cuts have had much impact on consumer rice prices, the absence of any...
The Bangko Sentral ng Pilipinas (BSP) will likely keep the policy rate at 6.5 percent next week while the central bank navigates around a weak peso and a hawkish US Federal Reserve, global banks said. "Another central bank that may be under pressure to review its rate stance next week is the...
2021 ING-FINEX CFO of the Year, Ms. Anabelle Lim Chua, SVP, Chief Financial Officer, and Chief Risk Management Officer, PLDT. For the second straight year honoring “game-changing” CFOs, the country’s most outstanding finance steward is a woman. PLDT’s Anabelle Lim Chua was awarded the 2021...
The economy has returned into growth mode, posting a dramatic performance in the second-quarter as expected, but the country’s recovery is losing steam as the rapidly spreading Delta variant has forced the government to put the breaks on further reopening plans. 25245 The gross domestic product...
Consumer prices rose at a slower pace last month, sliding back within the government’s target range for the first time this year, owing to easing price hikes for transportation, the Philippine Statistics Authority (PSA) reported. National Statistician Claire Dennis Mapa said Thursday, August 5,...
Consumer prices rose at a slow pace in June brought about by moderate rise in transport cost, the Philippine Statistics Authority (PSA) reported. After the rate of increase in consumer prices rose at a steady pace for three straight months, the country’s headline inflation went down to 4.1...
Four major foreign banks will finance businessman Dennis Uy’s $460 million acquisition of the 45-percent stake of Shell Philippines Exploration B.V. (SPEX) in the Malampaya gas field facility. Highly placed sources from Singapore...
