Price Earnings Ratio: A Guide for Investors

If you are new in investing in the stock market it is easy to be amused how relatively easy it is to make a profit “buy a company when its stock price is low and sell when prices go up”. So as common sense suggests, the most important question to ask yourself when you are […]

BSP approves PNB-Allied Bank merger

THE MONETARY Board of the Bangko Sentral ng Pilipinas has green-lighted the merger of the Philippine National Bank (PNB) and Allied Banking Corp. (Allied Bank), leaving the approval of the Securities and Commission (SEC) as the only stumbling block to the two banks’ union. In a stock exchange disclosure dated Aug. 13, PNB said: “…we […]

Banks warned of rising credit growth-related stress

Fitch Ratings said the exposure of the Philippine banking sector to risk of failure due to excessive lending remained low, but warned of the threat of a rising credit growth-related stress for banking sectors in the Asia-Pacific region. In its latest report on Asia-Pacific, Fitch said the credit story in the Asia-Pacific was very much […]

BDO To Establish $2-Billion Euro Medium Term Note Program

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MANILA, Philippines — BDO Unibank, Inc. (BDO) announced yesterday plans to establish a US$2 billion Euro Medium Term Note (EMTN) program and to retire P10 Billion of Tier 2 debt by November 2012. The bank said in a disclosure to the Philippine Stock Exchange that these are part of its liability management initiatives to tap […]

RCBC says H1 net income up 35% to P3B

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Yuchengco-led Rizal Commercial Banking Corp. (RCBC) reported P3.01 billion in net income for the first half, up 35 percent from P2.23 billion a year earlier. In a disclosure to the Philippine Stock Exchange Monday, the bank noted that annualized return on average equity remained “strong” at 15.43 percent. Its total operating income increased by 15.52 […]

BSP may cut US treasury holdings

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The Bangko Sentral ng Pilipinas will diversify the investment outlets for the country’s foreign exchange reserves as the heavy exposure to US treasuries is no longer prudent given the declining value of the dollar. Of the Philippines’ gross international reserves of $76 billion as of end-June, about 85 percent are invested in securities, mostly US […]

Sun Life Expects Continued Growth

sun life financial

MANILA, Philippines — The Philippine subsidiary of Sun Life of Canada is confident it could mirror last year’s record growth in insurance premiums and other assets-related businesses but its president and CEO, Rizalina Mantaring, is keeping a wary eye on possible external shocks which could derail projected gains. “(Premium-wise) we’re expecting to be probably as […]

Bangko Sentral mulls relaxing forex rules

The Bangko Sentral ng Pilipinas on Friday said may ease the rules on the flow of foreign exchange in and out of the country as a countermeasure to the unfavorable impact of foreign portfolio investments on the economy. “More funds may be going to the Philippines,” Bangko Sentral Governor Amando Tetangco Jr. said in an […]

EastWest Bank gets Bangko Sentral green light for unibank operations

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EastWest Banking Corp. on Thursday said that the Bangko Sentral ng Pilipinas has given it a license to operate as a universal bank, thus allowing the Gotianun family-led bank to undertake non-allied services. As a universal bank, EastWest Bank “still intends to focus on serving the retail and corporate middle-market sectors,” the bank noted in […]

Union Bank income up 42% to P4 B in H1

MANILA, Philippines – The Union Bank of the Philippines has reported a net income of P4-billion in the first six months of 2012, up 42 percent from the P2.86 billion recorded in the same period last year. In the second quarter, income fell 43 percent from P2.1 billion in the April to June 2011 period […]