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Bianca Cuaresma
LandBank posted 10% income growth in 2015
State-owned LandBank reported net income growing 10 percent higher in 2015, buoyed up by growth in deposits, total assets and overall capital.
Inflation seen proving ‘problematic’ for Manila
Although inflation expectations this year was seen remaining benign, based on projections by the Bangko Sentral ng Pilipinas (BSP), next year’s outlook is shaping up likely problematic as oil prices move back to more normalized levels.
BPO expansion to drive real estate demand in 2016–BDO Capital
The robust demand for commercial real-estate properties—driven primarily by expanding business-process outsourcing (BPO) companies—will continue to register strong growth this year, according to BDO Capital and Investment Corp., the investment banking arm of BDO Unibank Inc.
Asian economies primary growth drivers for global insurance giants
Asian economies, including the Philippines, have been identified as one of the primary overall growth drivers of international insurance firms, separate disclosures to the Philippine Stock Exchange on Friday showed.
FDI rose 16.4% in November to $464 million
Long-duration foreign investments in the first 11 months last year posted double-digit growth averaging 16.4 percent, which brought the total foreign direct investments (FDI) for the period closer to the year-ago aggregate.
DOF revises IRR on GOCC Dividend Law to rid of milking-cow mentality
Finance Secretary Cesar V. Purisma has signed the revised implementing rules and regulations (IRR) to the government-owned and -controlled corporations (GOCCs) Dividend Law after years of GOCCs seeking clarification on the issue from the government.
BOC asks banks to operate Saturdays
The Bureau of Customs (BOC) urged banks on Monday to extend their business hours and operate even on weekends to service people in the trade business whose peak operating days are weekends when the truck ban is lifted.
Savings, time deposits main sources of bank funds
Ideally, the best banking systems source their financial prowess from the debt or equity markets. But in the Philippines, the banking system relies heavily on savings and time deposits as sources of funds, based on latest data from the Bangko Sentral ng Pilipinas (BSP).
SunLife sees strong premium growth amid China slowdown
Insurance giant SunLife Philippines is convinced the local financial markets should remain robust and expansive this year no matter the apprehension generated by the knock-on impact of the economic slowdown in China.
Public, private sectors liquid enough to pay loans ahead of time
The public sector endeavored to pay foreign loans well ahead of their original due date, according to the Bangko Sentral ng Pilipinas.
GSIS vows to sell assets one at a time
The Government Service Insurance System (GSIS) looks to push ahead with its assets-sale plan this year despite the setbacks it suffered when its billion-peso property-disposal program hit a snag last year.
Below-target inflation, jobs data proof of sustained Phl resilience
The Philippines should prove strong enough to weather the global economic headwinds even though the pessimism the phenomenon has bred among the various economic actors spill over and contaminate even the locals.
DBS: Central bank to pull trigger in second half of ’16
DESPITE its cautious stance, the Bangko Sentral is still likely to fire one policy move for the year.
Moody’s Analytics: PHL manufacturing down in December ‘15
THE country’s manufacturing sector likely slumped at the end of 2015, as the drag in the Philippines’s agricultural sector weighed in on the production of food items during the period.
GIR inched lower in January
THE country’s foreign currency reserves helping shield the economy from imbalances in the external sector inched lower in January.
Banks’ soured loans basically unchanged in October
THE quality of assets held by the country’s regular commercial, as well as universal banks remained broadly unchanged in October last year, the Bangko Sentral ng Pilipinas (BSP) said on Friday.
National government debt indicator eased further in 2015
The outstanding obligations of the national government (NG) as percent of local output, or the GDP, eased further in 2015, with NG debt equal only to 44.8 percent of GDP, based on latest data from the Department of Finance (DOF).