PSE green lights UnionBank’s stock rights offering

Union Bank of the Philippines headed by bankero Edwin Bautista received the green light from the Philippine Stock Exchange (PSE) for its stock rights offering that is scheduled to kick off towards the end of April.

NG debt climbs to over P12 trillion

More than P68 billion was added to the debt load of the National Government (NG) in February this year that resulted to the continued expansion of its total debt to P12.09 trillion.

OPS reporting systems adoption is mandatory

The monetary authorities on Thursday reminded operators of payments systems or OPS that the adoption of a reporting system both for business-as-usual and under stressful situations is mandatory.

BSP bares rural bank rescue program anew

The Bangko Sentral ng Pilipinas on Thursday announced the revival of a program designed to catch problematic and financially ailing rural banks long before they fall over and die.

Bank lending quickens in February

Growth in the outstanding loans of the various expanded license or universal as well as commercial banks quickened in February, based on a preliminary report of the Bangko Sentral ng Pilipinas (BSP).

In-store and farmers group leader gets professional help

The Aboitiz Group has linked up with Baguio City-based Session Groceries and SG Farmers Association in a capacity-building and food processing program that optimizes the ability of Benguet farmers to market their farm produce directly onto Filipino tables.