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2017 hot money outflow smaller than expected

17h bworldonline
SUSTAINED investor optimism over enactment in December of the first of up to five planned tax reform packages drove more foreign funds to the Philippines that month, leaving the full-year net outflow smaller than the central bank’s projection. (13-0)

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)

Robinsons Bank, Pru Life forge bancassurance deal

2018-01-09 bworldonline
ROBINSONS BANK Corp. signed a bancassurance partnership with British life insurer Pru Life UK yesterday in a bid to bolster its product offerings. (23-0)

Banks paint rosy picture for 2018

2018-01-08 philstar
MANILA, Philippines — Bank executives are painting a rosy picture for the local banking industry this year on the back of the sustained growth in the economy which is expected to be supported further by the implementation of the tax reform program. (4-0)

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)

Poll bares view of steady Dec. inflation

2018-01-01 bworldonline
THE GENERAL INCREASE in prices of widely used goods and services likely steadied in December from the preceding month’s pace, according to analysts asked in a poll last week, keeping the full-year pace within target for the first time in three years. (8-0)

YearEnder: Budget reforms reduce underspending in 2017

2017-12-27 philstar
MANILA, Philippines — Underspending is an issue that has plagued many past administrations. Upon the start of the Duterte administration, Budget Secretary Benjamin Diokno vowed to address this long-standing problem and improve the government’s spending performance. (4-0)

Yields on government debt up on client-driven trades

2017-12-26 bworldonline
YIELDS on government debt inched higher last week amid thin trading, stirred mostly by trades for shorter-dated papers. (4-0)

Fed still sees cyber risks nearly two years after Bangladesh heist - Channel NewsAsia

2017-12-21 channelnewsasia
The Federal Reserve, which was at the center of an unsolved US$81-million cyber heist nearly two years ago, is ready for further talks with foreign counterparts to address the lingering risks of cyber fraud in global messaging systems, a top Fed official said on Wednesday. (4-0)

Major Philippines banks get rating upgrade

2017-12-14 philstar
MANILA, Philippines — Fitch Ratings has raised the credit ratings of the country’s largest banks as well as government financial institutions after the Philippines received a credit rating upgrade on the back of the improving economy. (12-0)

Fitch upgrades lenders’ ratings

2017-12-14 bworldonline
FITCH RATINGS raised its scores for government-owned Land Bank of the Philippines (Landbank) and Development Bank of the Philippines (DBP) to investment grade following its move to upgrade the sovereign’s rating earlier this week. (12-0)

RCBC expects loan growth to slow amid shift in focus

2017-12-13 bworldonline
RIZAL COMMERCIAL Banking Corp. (RCBC) expects its loan growth to slow down next year as it veers towards loans to consumers and small and medium enterprises (SME). (4-0)

RCBC accuses Bangladesh of covering up cyber heist

2017-12-12 bworldonline
MANILA — The Philippine bank through which $81 million stolen from Bangladesh’s central bank was channelled in February 2016 has accused Dhaka’s monetary authority of covering up its negligence and demanded that it stop making the bank a “scapegoat.” (4-0)

Philippine bank accuses Bangladesh of heist 'cover-up'

2017-12-12 in.reuters
MANILA (Reuters) - The Philippines bank through which $81 million stolen from Bangladesh’s central bank was channelled in February 2016 has accused Dhaka’s monetary authority of covering up its negligence and demanded that it stop making the bank a “scapegoat.” (4-0)