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 … [Read more...]
BSP approves PNB-Allied Bank merger
August 15, 2012 by Leave a Comment
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 … [Read more...]
BDO To Establish $2-Billion Euro Medium Term Note Program
August 7, 2012 by Leave a Comment
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 … [Read more...]
RCBC says H1 net income up 35% to P3B
August 7, 2012 by Leave a Comment
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 … [Read more...]
BSP may cut US treasury holdings
August 6, 2012 by Leave a Comment
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 … [Read more...]
Sun Life Expects Continued Growth
August 6, 2012 by Leave a Comment
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 … [Read more...]
Bangko Sentral mulls relaxing forex rules
August 4, 2012 by Leave a Comment
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 … [Read more...]
EastWest Bank gets Bangko Sentral green light for unibank operations
August 2, 2012 by Leave a Comment
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 … [Read more...]
Union Bank income up 42% to P4 B in H1
July 31, 2012 by Leave a Comment
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 … [Read more...]
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