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Rise in consumer prices eased in March

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BSP Governor Amando M. Tetangco Jr.: Room to keep rates low is ‘narrower’. INQUIRER FILE PHOTO

The rate of rise in consumer prices decelerated for the second straight month due to the slower-than-usual increase in fuel, power and commodity prices, according to government data released Friday.

Posted: April 5th, 2014 in Editor's Pick,Headlines | Read More »

PH heritage as a springboard to the future

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(FROM LEFT) Salapi co-author and branch business manager Carlos L. Apuhin, BPI chair Jaime Augusto Zobel de Ayala, Salapi co-author Jose Eleazar Bersales, University of San Carlos vice president Fr. Generoso Rebayla  Jr. SVD, and BPI Foundation executive director Florendo G. Maranan

When your firm belongs to one of the oldest conglomerates in the country—when your bank was established long before the Philippines even declared independence—you have good reason to focus on history.

Posted: February 9th, 2014 in Featured Gallery,Headlines,Inquirer Features,Photos & Videos | Read More »

BPI net profit up by 15% to record-high P18.8B

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ayala-led Bank of the Philippine Islands posted a record-high net profit of P18.8 billion last year, 15 percent more than the previous year, as core businesses expanded alongside extraordinary trading gains.

Posted: February 6th, 2014 in Headlines | Read More »

BPI completes P25-B capital hike

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PHOTO courtesy of BPI

Ayala-led Bank of the Philippine Islands has completed a P25-billion capital build-up program through a stock rights offer, preparing itself for growth amid a regime of tighter capital adequacy requirements.

Posted: February 5th, 2014 in Latest Business Stories | Read More »

BPI sees slower growth in ’14

Economic growth is expected to slow down slightly this year despite the lofty target set by the Aquino administration as the country struggles to move to a higher growth trajectory.

Posted: January 31st, 2014 in Headlines | Read More »

Del Monte borrows $515 M to fund US acquisition

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Del-Monte-logo

Del Monte Pacific Ltd. has tapped $515 million in combined financing from Banco de Oro Unibank and Bank of the Philippine Islands to partly fund the acquisition of the consumer food business of privately-held American corporation Del Monte Foods.

Posted: January 15th, 2014 in Latest Business Stories | Read More »

Weak trading seen

Sluggish trading is seen at the local stock market this week in the absence of fresh catalysts to load up on equities.   Last week, the main-share Philippine Stock Exchange index (PSEi) gave up 105.05 points or 1.77 percent to end at 5,842.88 on Friday.   “We’ve found a strong support at current levels. We’ll [...]

Posted: January 12th, 2014 in Headlines | Read More »

PSE okays large rights offering of BPI, PNB

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pse-logo

The Philippine Stock Exchange has approved capital-raising activities of two big banks through stock rights offering early next year: P25 billion for Bank of the Philippine Islands and P15 billion for Philippine National Bank.

Posted: December 18th, 2013 in Latest Business Stories | Read More »

BPI launches equity fund for long-term investors

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Ayala-led Bank of the Philippine Islands has rolled out a new equity fund invested in a basket of high dividend-yielding companies, targeting investors with an “aggressive” risk profile and long-term investment horizon.

Posted: October 6th, 2013 in Headlines | Read More »

BPI prepares for likely decline in trading gains

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bpi-logo

Ayala-led Bank of the Philippine Islands plans to buy back P5 billion worth of debt notes and strengthen core lending operations to compensate for declining trading gains amid a more challenging market environment.

Posted: August 23rd, 2013 in Latest Business Stories | Read More »

BPI adds derivatives offers

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Ayala-led Bank of the Philippine Islands has rolled out more hedging instruments to help clients deal with financial market volatility.

Posted: August 5th, 2013 in Headlines | Read More »

BPI spins off IT services

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BPI president Cezar Consing. FILE PHOTO

Bank of the Philippine Islands, Southeast Asia’s oldest bank, has spun off its information technology infrastructure services through an outsourcing deal with IBM as part of its strategy to scale up core businesses faster.

Posted: August 1st, 2013 in Latest Business Stories | Read More »

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