Rappler Business
🇵🇭 Local Market Intelligence
Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
298 articles across all sources
All sourcesBusinessWorldBusinessWorld BankingBusinessWorld EconomyInvesting.com PHManila Times BusinessPhilStar BusinessRappler Business
BusinessWorld Banking
Gov’t rejects all bids for T-bonds
THE GOVERNMENT rejected all bids for the Treasury bonds (T-bonds) it offered on Tuesday as players asked for higher yields as global markets continued to reel due to mounting inflation concerns amid the prolonged Middle East conflict. The Bureau of the Treasury (BTr) rejected all bids for the reissued 10-year bonds it auctioned off, even […]
Read full article →BusinessWorld Banking
BSP gives grace period to rural, co-op banks for credit exposure reporting
THE BANGKO SENTRAL ng Pilipinas (BSP) has given rural and cooperative (co-op) banks in the country an extended window to submit the required enhanced reports on their credit and equity exposures without penalties. In a memorandum signed by BSP Deputy Governor Lyn I. Javier, the BSP said rural and cooperative banks will not be penalized […]
Read full article →BusinessWorld Banking
Peso stays at record low as war keeps market guarded
THE PESO closed flat at its all-time low against the dollar on Tuesday as uncertainty over the Middle East war kept the market cautious. The currency ended at its record low of P61.75, unchanged from Monday’s finish, according to Bankers Association of the Philippines data posted on its website. The local unit opened Tuesday’s session […]
Read full article →BusinessWorld Banking
EastWest Bank launches voluntary PERA contribution program for employees
EAST WEST Banking Corp. (EastWest Bank) has rolled out its voluntary Personal Equity and Retirement Account (PERA) contribution program in partnership with DragonFi Securities, Inc. Under the program, eligible EastWest Bank employees can save and invest in accredited PERA products by giving the lender authority to make contributions on their behalf, together with their own […]
Read full article →Rappler Business
Visayas fuel supply chain seen to improve as Top Line expands storage in Cebu
Top Line, the firm behind Light Fuels service stations in the Visayas, partners with LuDo & LuYm Corporation for an energy complex that will improve fuel storage capacity in central Philippines
Read full article →BusinessWorld Banking
T-bill yields surge as war heightens inflation fears
THE GOVERNMENT partially awarded the Treasury bills (T-bills) it offered on Monday as yields surged, with prolonged Middle East conflict continuing to push up inflation risks and raising expectations of further monetary tightening. The Bureau of the Treasury (BTr) raised only P25.41 billion via the T-bills it auctioned off, below the P30-billion plan, even as […]
Read full article →BusinessWorld Banking
Banks’ Q1 net profit rises to P104.8 billion
THE PHILIPPINE banking sector booked a slightly higher combined net income in the first quarter despite the onset of the Middle East war, data from the Bangko Sentral ng Pilipinas (BSP) showed. Banks’ net profit grew by 2.86% to P104.816 billion in the first three months of the year from P101.903 billion in the comparable […]
Read full article →BusinessWorld Banking
Peso sinks to new record low for third straight day as war drags on
THE PESO dropped to new record low on Monday as the Strait of Hormuz’s continued closure due to the standoff between the United States and Iran drove oil prices higher, fueling demand for the greenback. The currency edged down by 2.9 centavos to close at P61.75 a dollar from P61.721 on Friday, according to Bankers […]
Read full article →BusinessWorld Banking
AUB net income climbs to P3.2B
ASIA United Bank Corp. (AUB) saw its net income rise by 1.8% in the first quarter, supported by the continued growth of its core business. The bank’s net profit went up to a record P3.2 billion for the three-month period from P3.14 billion a year ago, it said in a disclosure to the stock exchange […]
Read full article →← PreviousPage 13 of 13