RCL Realty plans more projects in 2017
Developer RCL Realty and Consulting Services Inc. is planning to expand its business in the southern parts of the country after what the company called a fruitful year of doing business in the north.
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Developer RCL Realty and Consulting Services Inc. is planning to expand its business in the southern parts of the country after what the company called a fruitful year of doing business in the north.
Banks in emerging Asia, including the Philippines, were seen to weather so-called external shocks, based on the latest stress tests conducted by Moody’s Investors Service published on Thursday.
SEVERAL banks in the country remain unfazed by the possibility of a Federal Reserve (the Fed) rate hike within the week on the back of a strong US economy.
Ayala-run Bank of the Philippine Islands’s (BPI) lending growth has proved steady throughout the year and driven mainly by corporate financing, according to one of its senior officials.
Lucio Tan-led Philippine National Bank (PNB) anticipated selling more or less P3 billion worth of long-term negotiable certificates of time deposit (LTNCDs) on Monday, but actually attracted investments aggregating P5.38 billion, instead.
FOR a century-old cookie, Oreo has learned to continuously put a twist to itself and dunk its way to the digital platform.
The monetary authorities plan expanding the number of independent directors in the various banks across the country as part of a menu of policy initiatives the Bangko Sentral ng Pilipinas (BSP) has prepared for quick adoption.
The President and CEO of the ALC Group of Companies, D. Edgard A. Cabangon was one of those honored at the 2016 International Association of Business Communicators’ CEO Excel Awards.
Story & photo by Mia Rosienna Mallari
Asia United Bank Corp. (AUB), the banking arm of the Rebisco group, doubled its net earnings in the first nine months after having recovered from an income slump during the same period in 2015.
The Metropolitan Banking and Trust Co. (Metrobank) is confident of completing the migration of its debit- and credit-card operations and become a Euro MasterCard Visa (EMV)-compliant institution within the time mandated by regulation, one of its senior officials said.
BDO Unibank (BDO) has begun building the infrastructure for the first-ever Personal Equity and Retirement Account (Pera) product, as the central bank calls for the launching the system by year-end.
Ayala-led Bank of the Philippine Islands (BPI) reported a significant rise in earnings from January to September on the back of higher interest and noninterest income.
TWO months before the deadline set by the Bangko Sentral ng Pilipinas (BSP) for local banks to comply with the industry’s Euro MasterCard Visa (EMV) migration requirement, the Bankers Association of the Philippines (BAP) President Nestor Tan expressed fears they may not be able to comply on time.
Philippine Savings Bank (PSBank), the thrift bank arm of the Metrobank Group, continued to make strides in the nine months ending September, as it reported P1.9 billion in net income, 7.7 percent higher than net earnings recorded in the same period last year.
Digital payments and blockchain start-up firm Coins said on Friday it has raised $5 million in fresh capital to further its mission of expanding access to basic financial services for unbanked individuals in the Philippines and throughout Southeast Asia.
BDO Nomura Securities Inc., formerly PCIB Securities Inc., has started offering an online trading service for stocks listed in the Philippine Stock Exchange.
Citi Direct Custody and Clearing (DCC), the asset servicing and transaction arm of global bank Citi, launched its account-operator services for broker-dealers in the Philippines in hopes of attracting more foreign investors.
AS digital banking slowly gains its foothold in the country, Voyager Innovations, the digital-services arm of Smart Communications Inc., intends to tap more financial institutions into the financial-technology (fintech) bandwagon to promote financial inclusion in a mobile phone-heavy society.
East West Banking Corp. (EastWest) has received the regulatory green light for the operation of wholly owned leasing and finance subsidiary, East West Leasing & Finance Corp. (East West Leasing).
The United Coconut Planters Bank (UCPB), the country’s 12th-largest lender in terms of assets, has extended a P997-million term loan to Occidental Mindoro Consolidated Power Corp. (OMCPC) to finance the construction of a 20-megawatt (MW) diesel-fired power plant.
THE Ayala Group’s Bank of the Philippine Islands (BPI) projects sustained growth in its lending business as the year nears to a close.
The thrift bank arm of Bank of the Philippine Islands (BPI) is on track toward expanding its presence outside Metro Manila to service the growing market in the provinces.
Venturing further into advanced technologies, the Manila unit of the American global banking giant Citigroup officially launched a voice-identification feature for customers for over-the-phone banking transactions.
ONE of the largest bancassurance companies in the Philippines, BPI-Philam Life Assurance Corp., intends to fortify its presence across BPI branches, covering a majority of the bank’s branches by year-end.
TWO more Taiwan-based banks are setting up shop in the Philippines, adding up to the cluster of foreign banks already in the country since the government further liberalized the financial sector to offshore lenders.
The largest banking network in the country, BDO Unibank (BDO), is set to raise P60 billion in fresh capital to support the lender’s medium-term growth objectives and to meet higher capital requirements.
THE Philippines operation of French firm Gameloft SE said it opted to house its game-development program in the country in a “green environment” away from the hustle and bustle of Manila.
Global money-transfer company Moneygram anticipates remittances to be back on track its projected growth in the coming months after a 5.4 percent slump for the month of July.
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