Business

Peso predicted to reach 52-level vs. USD this year

MANILA, July 29 -- An analyst forecasts the Philippine peso to weaken beyond the government’s 48-50 target range for 2017 but considers this as still okay as long as depreciation is...

(Update): PSEi up for 4th day, closes at one-year high

MANILA, July 28 -- The Philippine Stock Exchange index (PSEi) extended its gains for a fourth straight day and closed at a one-year high of 8,071.47, up by 25.69 points or...

PH’s first cloud-based core banking tech to roll out in Mindanao

MANILA, July 26 -- Surigao del Sur-based Cantilan Bank Inc. (CBI) will be rolling out the country’s first cloud-based core banking technology in Mindanao. CBI, with financial support from the Asian Development...

CHIZ TO CALL METROBANK, AMLC, BSP TO SHED LIGHT ON LOAN FRAUD

July 25 - Sen. Chiz Escudero said he wanted to look into the recently exposed internal fraudulent scheme allegedly perpetrated by a senior bank official of the Metropolitan Bank and Trust...

BSP probe into alleged Metrobank fraud may take a month to complete

MANILA, July 25 - Bangko Sentral ng Pilipinas’ (BSP) investigation of the alleged fraud, amounting to at least PHP900 million, in Metropolitan Banking & Trust Company (Metrobank) may take a month,...

Dominguez to get OSG’s opinion on Tribunal’s ruling on Maynilad’s compensation claims

MANILA, July 25 - The Philippine government has yet to decide on its move regarding the Arbitral Tribunal’s decision favoring Maynilad Water Services (Maynilad) on its compensation claims on losses from...
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