June 24, 2017, 8:08 am
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Banking And Finance

EastWest Q1 income up 54%

May 15, 2017
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EastWest Bank reported a first quarter 2017 net income increase of 54 percent to P1.2 billion on account of robust loan growth and improving productivity.  
 

PNB posts P1.2B net income

May 15, 2017
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The Philippine National Bank (PNB) posted net profits of P1.2 billion for the first three months of 2017,  driven by the 11 percent increase in net interest income which accounted for 77 percent of total operating income.  

RCBC Q1 at P1B

May 15, 2017
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Rizal Commercial Banking Corporation posted an unaudited consolidated net income of P1.0 billion for the first quarter of 2017. 
 

P958.13M for UCPB

May 15, 2017
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UCPB saw its net income increase to P958.13 million from the year-ago level of P929.19 million as it continued to grow its loan and investment portfolios despite the adverse market conditions in the first three months of 2017.

April inflation steady at 3.4%

May 08, 2017
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The resulting year-to-date 
inflation rate of 3.2 percent is also in line with the government’s target range of between 2 and 4 percent for the whole year.  Tetangco noted that the latest inflation outturn confirms the BSP’s 
assessment of a manageable 
inflation outlook over the policy 
horizon. 
 

Citi Microentrepreneurship Aw

May 08, 2017
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Two winners and one finalist of the Citi Microentrepreneurship Awards (CMA) took to the stage anew, this time at the Rizal Hall of Malacañan Palace to receive awards as outstanding entrepreneurs from President Rodrigo Duterte.
 

GIR rises to $81.82B

May 08, 2017
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Preliminary data showed that the country’s gross international reserves (GIR) rose to $81.82 billion as of end-April 2017, Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco, Jr.

M3 sustains expansion

May 08, 2017
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Preliminary data show that domestic liquidity (M3) grew by 11.2 percent year-on-year to ₱9.5 trillion in March 2017, slower than the 12.6-percent expansion in the previous month. 
 

Bank lending grows 20%

May 08, 2017
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Preliminary data show that outstanding loans of commercial banks, net of reverse repurchase (RRP) placements with the BSP, grew by 19.7 percent in March from 18.1 percent in February.  

Hot money posts outflows

May 08, 2017
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Foreign portfolio investments (or FPIs) transactions for March 2017 resulted in overall net outflows of $460 million, slightly higher than the $409 million net outflows recorded in February 2017.

Pages

Front Page

Column of the Day

The hidden danger in Marawi

By JOSE BAYANI BAYLON | June 23,2017
‘What was supposed to be a simple police action has turned out to be the most serious military operation to date in the Duterte administration.’

Opinion of the Day

Metabolism: Why dieting fails

By DAHLI ASPILLERA | June 23, 2017
‘My doctor said that both hands lifting a gallon-size pail up to shoulder height daily can help my body’s fat-burning ability.’