The PSEi fell today, its fifth straight day of declines, on delayed reaction to the Moody’s downgrade of its credit rating for the US. The main index dropped by 119.51 points or 1.85 percent to close at 6,335.33 with the Services sector leading the retreat across the board. Volume rose to 1.35...
The Philippine banking industry reported a combined net profit of ₱101.9 billion in the first three months of 2025, up 10.6 percent from ₱92.1 billion a year earlier, driven by robust growth in net interest income amid higher interest earnings and better expense management. Data from the Bangko...
With the Philippine stock market on a six-week winning streak, investors will decide if gains can be sustained by taking cues from the release of the country’s balance of payments data, US jobs and home sales reports, as well as recent corporate earnings results. “The local market is already on...
The PSEi fell as cautious investors continued to take profits while digesting mixed first quarter earnings reports. The main index dropped 84.95 points or 1.30 percent to close at 6,466.86 as Miners led the retreat although Conglomerates bucked the trend by advancing. Volume declined to 1.54...
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...
