banking

RRR cut seen to boost construction of new hotels

The additional loanable funds that will be injected to the local economy following the easing…

Liberalization of ‘repo’ market pushed

Financial regulators are working to expand the market for repurchase agreement (repo) using government securities…

Bank of America unveils currency, hedging services in PH

After more than two decades, Bank of America (Bofa) has relaunched its fixed-income, currencies and…

PNB raises $300M in debt market comeback

Philippine National Bank (PNB) has raised $300 million from its first offshore bond program in…

BPI booked record 9-mo income on rate cut boost

Bank of the Philippine Islands (BPI) booked record earnings in the first nine months of…

Word bank unlocks another $30 billion by tweaking balance sheet

WASHINGTON—The World Bank approved changes to its lending practices on Tuesday which will unlock an…

BSP delivers 25-bp rate cut; more to come

The Bangko Sentral ng Pilipinas (BSP) on Wednesday cut the policy interest rate by a…

Anticipation of BSP rate cut boosts PSEI

Philippine shares reclaimed the 7,400 level on Tuesday ahead of the Bangko Sentral ng Pilipinas’…

PH financial system’s resources grew 9% in Aug to P32.14T

Total resources of the Philippine financial system grew in August to stay above the P32-trillion…

PBCOM seeks to raise P2B from maiden bond sale

Philippine Bank of Communications (PBCom) is raising P2 billion from the debt market to support…