Foreign portfolio investments yield net Inflows in January
Foreign currency investments more known as speculative or “hot money” flowed inward in the first five weeks of the year, a small snapshot of the prevailing view of foreign fund managers on the economic prospects of the Philippines.
Landbank lends P2.1B for the purchase of 810 modern jeepneys
Government-owned Land Bank of the Philippines led by bankero Cecilia Borromeo has granted P2.11 billion worth of loans to 78 public operators to finance the purchase of 810 brand new and modern public utility jeepneys last year.
Target-specific measures already in place to blunt oil price hike adjustments
The government on Thursday vowed quick response and already set aside a total P3 billion in resources to cushion the vulnerable sectors in the event the price of oil goes beyond an assumed average.
Coco levy fund committee not even close to delivering its management and disposition mandate
Although the interagency Trust Fund Management Committee (TFMC) handling the Coconut Farmers and Industry Trust Fund (CFITF) met on Thursday for only the first time this year, it was nowhere near in delivering its mandate of properly and equitably disposing of the funds.
Monetary Board twits Pacquiao on his non-tax revenue increase proposal
Boosting the government’s non-revenue income as fiscal strategy is just not feasible, according to the policy-making Monetary Board of the Bangko Sentral ng Pilipinas.
Sy-owned BDO sees return to pre-pandemic state as profits hit P42.8B
Sy-owned BDO Unibank Inc. led by bankero Nestor Tan sees a reversion to pre-pandemic conditions soon as earnings surged by 51 percent to P42.8 billion in 2021 from P28.2 billion in 2020.
Metrobank shares blessings, declares P3 cash dividend
Ty-led Metropolitan Bank & Trust Company led by bankero Fabian Dee is sharing the blessing after booking a 60 percent surge in earnings last year, prompting the lender to declare a P3 cash dividend for this year.
Sy’s China Bank book 25% rise in earnings to P15.1B
China Banking Corp. led by bankero William Whang booked a 25 percent jump in earnings to P15.1 billion last year from P12.1 billion in 2020 on the back of a double-digit growth in revenues.
Diokno cites key role of green investments in a post-pandemic Philippines
The Bangko Sentral ng Pilipinas (BSP) recognizes the importance of green investments in driving the country’s post-pandemic recovery, said BSP Governor Benjamin E. Diokno at the recent Asia-Pacific Environmental, Social, and Governance (ESG) Investors Summit.
Huwag kang magpa-budol! PNB says
Philippine National Bank headed by bankero Jose Arnulfo “Wick” Veloso urged Filipinos to make it a goal the habit of saving up simply by “Huwag kang magpa-budol.”