Philippines moves to higher growth trajectory, say BPI analysts
By Doris C. Dumlao
The first-quarter Philippine economic growth rate is seen as “remarkable” and a confirmation that the country has moved up to a higher growth trajectory.
The first-quarter Philippine economic growth rate is seen as “remarkable” and a confirmation that the country has moved up to a higher growth trajectory.
It’s not often that shareholders give a standing ovation at the end of the president’s annual report but Aurelio “Gigi” Montinola III got what he deserved as he bowed out as chief of Bank of the Philippine Islands on April 18.
In 10 days—or right after the annual stockholders’ meeting of Ayala-led Bank of the Philippine Islands—the country’s most valuable bank will have a new president, investment banker Cezar Consing, who certainly has very big shoes to fill.
INVESTORS may soon be able to trade Philippine Stock Exchange-indexed futures—in Singapore, that is. Singapore Exchange Ltd. (SGX) plans to add equity-index futures on the Philippines and Thailand to offerings that currently include Nikkei 225 Stock Average and Indian contracts, newswire Bloomberg reported on Friday, quoting an interview with SGX president Muthukrishnan Ramaswami.
An uproar erupted at the Securities and Exchange Commission a few days ago after chair Teresita Herbosa—taking to heart a reminder from the Department of Finance not to accept gifts especially this Christmas season (and even after)—directed guards to shoo away the gifts sent to the SEC offices. Signs saying “SEC adopts a no-gift policy” were put up right at the entrance of the building and the elevators.
I am truly honored and grateful to be a recipient of your very prestigious MAP Management Man of the Year 2012 award. The dynamism of your organization and the impeccable quality of your past choices still leaves me in awe as a longtime professional manager in this country.
BANK of the Philippine Islands will review its capital structure next year to prepare for stringent capital adequacy ratio requirements under Basel 3.
The Ayala-led Bank of the Philippine Islands will review its capital structure in 2011 to prepare for stringent capital adequacy ratio requirements under Basel 3.
Ayala-led Bank of the Philippine Islands and Mizuho Corporate Bank of Japan have established a banking alliance meant to harness opportunities from a new wave of Japanese investments into the Philippines.
The Ayala-led Bank of the Philippine Islands and the Department of Tourism have teamed up on a four-pronged initiative to use and expand banking infrastructure to support the needs of the tourism industry.
While Bank of the Philippine Islands has entered an advanced stage of negotiations to acquire a controlling stake in Philippine National Bank, the prospective banking deal of the decade seems to have encountered a major stumbling block—getting the imprimatur of taipan Lucio Tan.
In a game-changing move, Bank of the Philippine Islands will consolidate with Philippine National Bank, ushering in a new wave of mergers and acquisitions among local banks.
