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Banks raise fees as TRAIN rolls out

23h philstar
MANILA, Philippines — Banks have started raising fees on certain transactions and services following the implementation of the first package of the Comprehensive Tax Reform Program at the start of the year. (9-0)

PSEI ends flat on Friday trading lull

The benchmark Philippine Stock Exchange index (PSEi) ended the week relatively flat, higher by only 0.02 percent, or 1.37 points, to 8,814.62 on Friday’s close. The broader all-shares index was down 0.05 percent, or 2.66 points, to 5,098.75. (35-0)

PSEi ends flat as investors stay on sidelines

2018-01-12 bworldonline
AFTER hitting fresh highs this week, Philippine shares closed flat on Friday, as investors chose to stay on the sidelines and reposition their portfolios. (19-0)

South-east Asia stocks rise, Thai shares hit record high

2018-01-12 themalaymailonline
Thai shares rose as much as 0.7 per cent to hit a record high, with gains led by energy and financial stocks. — Reuters picSINGAPORE, Jan 12 — South-east Asian stock markets rose toiday, tracking gains in Asian equities and Wall Street, as strong Chinese trade data, higher oil prices and indications of a strong US corporate earnings season lifted sentiment. (11-0)

City Savings buying out IFC in PR Savings Bank

2018-01-11 beta.philstar
MANILA, Philippines — The investment arm of the World Bank is unloading its interest in Isabela-based thrift bank Philippine Resources Savings Bank in favor of the unit of Aboitiz-led Union Bank of the Philippines. (8-0)

BDO apologizes for fraud incidents, vows to intensify investigation

Facing snowballing complaints of unauthorized transactions, the country’s largest lender BDO Unibank apologized to customers and vowed to devote more manpower to fraud investigation. (5-0)

Market hits new high, nears 9,000 level

2018-01-09 beta.philstar
The main composite index soared 178.60 points, or 2.04 percent, to settle at a new record high of 8,923.72. File (27-0)

BTr rejects bids for 10-year T-bonds

2018-01-09 beta.philstar
MANILA, Philippines — The Bureau of the Treasury (BTr) rejected yesterday all bids for fresh 10-year Treasury bonds (T-bonds) amid high rates and tight liquidity in the market. (14-0)

BDO probes suspicious transactions

The country’s largest bank BDO Unibank is probing unauthorized withdrawals and purchases complained by some of its bank account-holders. (5-0)

Conglomerates investing more in fintech

2018-01-08 beta.philstar
MANILA, Philippines — Some of the country’s biggest conglomerates are now pouring in more money in financial technology or fintech as more and more Filipinos embrace the digital way of life. (10-0)

Targeting unbanked Mindanaoans

2018-01-07 bworldonline
EFFORTS by the administration of President Rodrigo R. Duterte to make economic growth more inclusive extend to the financial sphere, with Mindnaoans seen as potential key beneficiaries of this thrust. Aside from introducing big-ticket infrastructure projects, the government is looking for ways to bring more Filipinos in Mindanao — some of whose provinces and regions remain among the country’s poorest — on board formal financial channels, enabling them to contribute more to economic growth. (10-0)

Looking up ahead

2018-01-05 beta.philstar
Businesswise, 2017 was not a bad year. In fact, many believe the country achieved its target growth of at least 6.5 percent, which is not bad for an economy that was among the worst performers in the region last year. (13-0)

BDO still largest bank in asset terms at end-Sept. 2017

2018-01-03 bworldonline
BDO Unibank, Inc. (BDO) remained the biggest bank in the Philippines at end-September 2017 in terms of assets, capital, deposits and loans, data from the Bangko Sentral ng Pilipinas showed. (15-0)

BDO, Metrobank, BPI remain on top in 2017

2018-01-01 philstar
MANILA, Philippines — BDO Unibank Inc. remained the dominant player in the banking industry in terms of total assets, capital, deposits and loans in the first nine months of last year, data from the Bangko Sentral ng Pilipinas (BSP) showed. (15-0)

PSEi ends 2017 with new record high

2017-12-29 philstar
MANILA, Philippines — The stock barometer capped off 2017 in the positive territory, finishing at a new all-time high and setting a new intra-day peak after flirting with the 8,600 level on Friday. (12-0)