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Asia United Bank nets P1.5 B in 2013

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Screengrab from http://www.aub.com.ph/home

The Rebisco group’s banking arm, Asia United Bank, grew its net profit last year by 4 percent to P1.5 billion on higher loan margins and gains from the sale of foreclosed properties.

Posted: February 19th, 2014 in Latest Business Stories | Read More »

PSEi returns to 6,100 mark on the strength of regional markets

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pse02112014

The local stock barometer climbed back to the 6,100-mark on Tuesday, tracking firmer regional markets ahead of the first testimony of the new US Federal Reserve chief Janet Yellen.

Posted: February 11th, 2014 in Latest Business Stories | Read More »

Taipans see challenging year

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Henry Sy Sr., John Gokongwei Jr. and Andrew Tan. INQUIRER FILE PHOTOS

Expect a rough ride ahead as the Year of the Horse is bound to be a challenging year, believers in Chinese astrology have warned, adding that most people can expect volatile times in their professional and personal lives.

Posted: February 1st, 2014 in Featured Gallery,Headlines,Photos & Videos | Read More »

RWM’s Travellers prices IPO at P11.28 per share

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Travellers International Hotel Group Inc., operator of Resorts World Manila (in photo). INQUIRER FILE PHOTO

Resorts World Manila operator Travellers International Hotel Group Inc. has priced its initial public offering at P11.28 per share, the middle of the indicative range, bringing the size of its stock debut at $473 million.

Posted: October 17th, 2013 in Latest Business Stories | Read More »

BDO completes P5-B fund-raising

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INQUIRER FILE PHOTO

Banco de Oro Unibank has completed a P5-billion fund-raising from the offering of seven-year deposits at a coupon rate of 3.5 percent per annum.

Posted: September 2nd, 2013 in Latest Business Stories | Read More »

Security Bank nets P1.7B in 1H

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PHOTO FROM SECURITYBANK.COM

Security Bank has reported a 66-percent decline in first semester net profit to P1.7 billion compared to the level in the same period last year when earnings were boosted by extraordinary trading gains.

Posted: August 9th, 2013 in Latest Business Stories | Read More »

MVP group raises Meralco stake to 53.34%

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PLDT chairman Manuel V. Pangilinan: Signs of growth.   INQUIRER FILE PHOTO

The group of businessman Manuel V. Pangilinan is working to acquire a majority stake in Manila Electric Co. by acquiring an additional 5-percent interest in the country’s biggest power distributor out of the block recently unloaded by San Miguel Corp.

Posted: July 22nd, 2013 in Latest Business Stories | Read More »

PH stock index slides below 7,000 as investors avoid risk

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pse.com.ph photo

The local stock barometer slid by 3.81 percent to close below the 7,000-mark on Thursday as high risk aversion across the region negated the favorable impact of a much stronger-than-expected Philippine first quarter growth data.

Posted: May 30th, 2013 in Latest Business Stories | Read More »

PH stocks rise for 4th straight day in Holy Week bargain-hunt

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pse.com.ph photo

Local stocks gained ground for the fourth straight session on Tuesday, on the back of Holy Week bargain-hunting alongside some quarter-end window-dressing.

Posted: March 26th, 2013 in Latest Business Stories | Read More »

IFC hikes stake in Yuchengco-led bank

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Yuchengco-led Rizal Commercial Banking Corp. is getting a fresh capital infusion of at least $100 million from the International Finance Corp., the private sector arm of the World Bank Group.

Posted: January 4th, 2013 in Headlines | Read More »

PH stocks mark new high at 5,832 points

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pse12262012

The main local stocks index closed at a new record high of 5,832.83 in thin post-Christmas trade on Wednesday, marking its 38th record close for 2012.

Posted: December 26th, 2012 in Editor's Pick,Headlines | Read More »

East West Bank sells P1.5B in deposit notes

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EastWest Bank logo 2011

Gotianun-led East West Bank has raised P1.53 billion from its initial issuance of long-term high-yielding deposits, an initiative meant to boost the bank’s liability management.

Posted: November 26th, 2012 in Latest Business Stories | Read More »

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