The Philippine peso is seen to continue appreciating this year and into next year, amid expectations that the United States (US) dollar would remain weak for a longer time, according to the latest forecast of Singapore-based DBS Bank Ltd. In its latest foreign exchange (FX) quarterly report for the...
Zobel-led Bank of the Philippine Islands has priced its 1.5-year Peso-denominated fixed-rate BPI Supporting Inclusion, Nature, and Growth Bonds (the BPI SINAG Bonds), which is now (May 20, 2025) being offered to investors for the next 10 days (until May 30, 2025). The bonds have an aggregate...
In celebration of Safe Motherhood Week, the Mandaluyong City government showcased the establishment of human milk bank and pediatric hemodialysis unit built at the Mandaluyong City Medical Center (MCMC) on Monday, May 19. According to the City Health Department (CHD), MCMC is now an accredited...
The Ty family’s investment arm GT Capital Holdings, Inc. is confident of sustaining its positive momentum this year after reporting that its first quarter 2025 numbers already surpassed last year’s record performance. In a disclosure to the Philippine Stock Exchange, the firm said its core net...
Union Bank of the Philippines (UnionBank) and ATRAM Group (ATRAM) have appointed Deanno J. Basas as President of UnionBank Investment Management and Trust Corporation (UBIMTC) prior to its merger into ATR Asset Management, Inc. (AAMI). The bank said in a disclosure to the Philippine Stock Exchange...
Swiss banking giant UBS expects gold prices to keep climbing, citing rising global trade uncertainties that are boosting the metal’s appeal as a safe-haven asset during economic turbulence. “Despite the rally that gold has already achieved this year and the already strong bullish market...
The doubling of non-interest income plus much stronger retail and MSME loans pushed up the first quarter 2025 net earnings of Security Bank Corporation by seven percent to ₱2.8 billion as total revenues grew 23 percent year-on-year to ₱15.4 billion. The bank disclosed to the Philippine Stock...
Bank of the Philippine Islands’ stock brokerage arm BPI Securities Corporation is still sticking to its January forecast for the PSEi to end the year at the 7,600 level despite current market volatility that started with Trump’s election and his controversial tariff policy. “Our team did not...
Despite an accelerated loan loss provisioning, Alfredo Yao 's Philippine Business Bank managed to grow its net income by 15.4 percent to ₱590.0 million in the first quarter of 2025 from the ₱511.5 million earned in the same period last year on the back of higher margins. In a disclosure to...
Another 25-basis-point (bp) interest rate cut by the Bangko Sentral ng Pilipinas (BSP) is widely expected at its monetary policy meeting next month, as inflation slides and economic growth weakens. In a May 9 report, Deutsche Bank Research said the lower-than-expected 5.4-percent gross domestic...
Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. has warned that trade shocks are more damaging than supply shocks—as they can shrink the country’s capital stock and slow growth—which monetary policy is not equipped to address. Remolona said at the International Monetary Fund (IMF)...
A new World Bank loan aimed at strengthening the Philippines ' health system is facing delays as the Washington-based multilateral lender awaits a go-signal from the Department of Justice (DOJ). "The project will become effective upon obtaining the legal opinion from the DOJ and the adoption...
