This week, the local stock market is seen to be swayed by quarter’s end window dressing, the changes in the stock exchange indices, and the confidence survey results recently released by the Bangko Sentral ng PIlipinas (BSP). “The local market was able to post gains last week amid a rebound...
The Philippine National Bank (PNB) announced that taipan Dr. Lucio C. Tan has moved up as its Chairman Emeritus while his wife and Director Carmen K. Tan will join the bank’s Advisory Board. PNB Chairman Emeritus Dr. Lucio C. Tan In a disclosure to the Philippine Stock Exchange (PSE), the bank...
F rom left: the Asian Banker Resource Director, Christian Kapfer; EastWest SVP & Credit Cards Head, Ms. Aylwin Mia P. Tamayo; EastWest President, Jacqueline S. Fernandez; EastWest Executive Vice President & Consumer Lending Head, Lawrence L. Lee; and The Asian Banker Resource Director...
State-owned Development Bank of the Philippines (DBP) has remitted P25 billion to the Bureau of Treasury (BTr), which represents the Bank’s share in the initial seed capital in the Philippines’ pioneering sovereign wealth fund, a top official said. DBP President and Chief Executive Officer...
The local stock benchmark fell below 6,100 to its lowest level in more than a year as investors worry over interest rates amid rising inflation. The main index plunged 76.60 points or 1.25 percent to close at 6,047.97 with the rate-sensitive Property sector leading the retreat...
Digital-only bank CIMB Bank Philippines and Visa, a global leader in payments technology, have sealed a strategic partnership to work together to make financial solutions easier to access and more innovative for all Filipinos. CIMB Bank Philippines Chief Executive Officer Vijay Manoharan and Visa...
The Department of Public Works and Highways has further strengthened the country’s capability in effectively responding to "The Big One”, which refers to a strong earthquake that may hit Metro Manila and nearby areas and is believed to result in mass casualties. DPWH Secretary Manuel Bonoan...
The Securities and Exchange Commission (SEC) is collaborating with international organizations to beef up its enforcement capabilities in pursuit of its mandate to protect the public from securities fraud and other forms of investment scams. SEC Philippines, in partnership with the US SEC and...
GoTyme co-CEO, Albert Tinio; Uncle John's General Manager, R. Suresh Ramalinggam; GoTyme CMO, Raymund Villanueva, launch pay via QR and free deposit and withdraw. GoTyme Bank makes good on its promise of bringing easy, preferred banking to its customers with a partnership with convenience store...
The local stock market fell to a one-year low as investors exercise caution before the release of US inflation data. The main index plunged 81.02 points or 1.30 percent to close at 6,149.18 as Conglomerates registered the biggest drop while the Mining and Oil sector stayed in the green....
Security Bank Corporation (PSE:SECB), a leading universal bank in the Philippines, has recently launched HeRO, powered by Darwinbox, as its Human Capital Management (HCM) platform. This elevates the employee experience of the Bank's more than 7,000-strong workforce. The Bank has integrated its...
This week, cautious stock market investors will be looking for cues from the US August inflation report and Philippine data on foreign direct investments and remittances from overseas Filipinos. While the Philippine Stock Exchange index (PSEi) managed to advance in the last two weeks, Philstocks...
