We are sorry, the requested page does not exist
Philippine central bank holds key interest rates
MANILA, May 16 (Xinhua) -- The Philippine central bank opted Thursday to keep the bank's target reverse repurchase rate at 6.5 percent and the interest rates on the overnight deposit and lending facilities at 6 percent and 7 percent, respectively. In a press conference, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona said that inflation expectations remain well-anchored while a restrictive policy stance.....»»
Producers Savings Bank acquires Leyte rural bank
Producers Savings Bank Corp. has completed its merger with one more rural bank, bolstering the bank’s assets and profit growth via its branch network expansion......»»
Philippines central bank keeps key interest rates unchanged
MANILA, April 8 (Xinhua) -- The Philippine central bank opted Monday to keep the bank's target reverse repurchase rate at 6.5 percent, and the interest rates on the overnight deposit and lending facilities at 6 percent and 7 percent respectively. In a press conference, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona said the latest inflation path has shifted slightly higher but still remains within targe.....»»
UnionDigital Bank revenue grows to over P5 billion
UnionDigital Bank, the digital banking arm of Aboitiz-led Union Bank of the Philippines, saw its revenue grow to over P5 billion in 2023 mainly driven by higher deposits and loans......»»
Philippine central bank keeps interest rates unchanged
MANILA, Feb. 15 (Xinhua) -- The Philippine central bank opted Thursday to keep the bank's target reverse repurchase rate unchanged at 6.5 percent, and thus the interest rates on the overnight deposit and lending facilities were kept at 6 percent and 7 percent, respectively. In a statement, the Bangko Sentral ng Pilipinas (BSP) said the Monetary Board noted that the inflation outlook "was broadly unchanged.".....»»
Philippine central bank keeps interest rates unchanged
MANILA, Feb. 15 (Xinhua) -- The Philippine central bank opted Thursday to keep the bank's target reverse repurchase rate unchanged at 6.5 percent, and thus the interest rates on the overnight deposit and lending facilities were kept at 6 percent and 7 percent, respectively. In a statement, the Bangko Sentral ng Pilipinas (BSP) said the Monetary Board noted that the inflation outlook "was broadly unchanged.".....»»
BPI renews alliance with Mizuho Bank
The Bank of the Philippine Islands has renewed its alliance with Japan’s Mizuho Bank Ltd., expanding and strengthening the scope of business cooperation between the two banks......»»
PNB asset sale seen to yield P5.4 billion
Philippine National Bank will raise at least P5.41 billion from the disposition and monetization of foreclosed assets in Makati, Mandaluyong and Quezon City next month......»»
Economy seen growing by 6.2 percent this year
Philippine economic expansion may pick up in the coming months, with growth seen averaging 6.2 percent this year, well within the government’s six to seven percent target, according to BMI Country Risk & Industry Research......»»
‘Philippine banks to ride wave of robust economic growth’
The projected robust economic growth this year could shape up into a better year for Philippine banks, S&P Global Ratings said......»»
Marcos Jr’s next destinations: Germany, Czech Republic
President Marcos will embark on a five-day visit to Germany and Czech Republic next week that is seen to bolster bilateral ties with the two European nations and secure more investments for the country......»»
Gasoline, diesel prices seen to go up next week
Another round of price hikes for gasoline and diesel may be implemented by local oil companies next week......»»
Sara reveals she will run in next polls
Summary: Sara Duterte, the Vice President and Education Secretary, announced her intention to run in the next election during a visit to flood victims in Barangay Bago Gallera. In a Facebook Live video, she mentioned that her brothers, Davao City Mayor Sebastian “Baste” Duterte and First District Rep. Paolo “Pulong” Duterte, may not run in the next election, prompting her decision to campaign. However, she did not specify the position she would be running for. The upcoming election will be the 2025 midterm senatorial elections for senators, congressmen, and local officials, with the presidential national elections scheduled for 2028. Duterte also emphasized the importance of barangay development councils in times of calamity and stressed the need for disaster resilience and awareness among barangay officials and children. Additionally, she highlighted the significance of safety and security, urging trust in security personnel and caution against scammers and swindlers. Duterte also emphasized the importance of education for the younger generation and the equal opportunities it provides. This announcement comes amidst her visits to various areas in the Philippines, where she has been extending aid and addressing pertinent issues such as disaster resilience and community safety......»»
EastWest Bank profit hits P6.1 billion
Gotianun-led EastWest Banking Corp. saw its net income jump by 32 percent to P6.1 billion in 2023 from P4.6 billion in 2022 on the back of double-digit growth in loan portfolio and stable funding sources......»»
S& P: Philippines may miss growth goal this year
S&P Global Ratings sees the Philippines again missing its growth targets this year as it kept its gross domestic product growth forecast at 5.9 percent. While the projection is better compared to other economies in the region, it is again below the government’s 6.5 to 7.5 percent growth target......»»
Mixed movements in oil prices seen next week
Pump prices of fuel products may see mixed movements next week, with gasoline continuing its downward trend and an uptick in diesel and kerosene prices following a recent rally in global oil prices......»»
Oil prices seen to decline again next week
Pump prices for fuel products could decline again next week, as oil prices in the Asian market fell amid favorable global political and economic conditions, according to the Department of Energy......»»
Another oil price cut seen next week
Another rollback of pump prices may be implemented next week, according to Department of Energy (DOE) – Oil Industry Management Bureau assistant director Rodela Romero......»»
Higher diesel, gasoline prices seen next week
Prices of fuel products will increase next week, according to the Department of Energy’s Oil Industry Management Bureau assistant director Rodela Romero......»»
Over P1 fuel price hike seen next week
Oil prices are expected to increase next week, according to Department of Energy Oil Industry Management Bureau assistant director Rodela Romero......»»