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.
“Hot” money flowed inward in February
Portfolio investment in February, also called “hot” or speculative money, flowed inwaard and accelerated in February totaling $274 million.
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.
Top UnionBank exec unloads shares
Bankero Edwin Bautista disposed shares of Aboitiz-led Union Bank of the Philippines worth close to P20 million last month.
Liquidity level steady in February
Liquidity in the system, a key determinant of inflation, proved steady in February when it grew at a readjusted rate of 8.5 percent.
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.
Security Bank bags top spots at the 17th Philippine Dealing System Awards
Security Bank Corp. led by bankero Sanjiv Vohra was recognized by the Philippine Dealing System (PDS) Group during a recently concluded awards held on March 25.
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.