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Metrobank completes P6.5B IOU issuance

Local banking giant Metropolitan Bank & Trust Co. has completed the issuance of debt notes qualifying as tier 2, or supplementary, capital worth P6.5 billion.

Posted: July 24th, 2014 in Headlines | Read More »

Banks’ consumer loan exposure grew in Q1

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Transactions involving cars and houses drove growth in consumer loans in the first quarter of the year, offsetting a slowdown in credit card lending by banks, the regulator reported this week.

Posted: July 24th, 2014 in Headlines | Read More »

Lucio Co buying 38% of PBCom for P5.97 billion

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Lucio Co. FILE PHOTO

Retailer Lucio Co has entered the banking business by buying a 37.67 percent stake in Philippine Bank of Communications for P5.97 billion.

Posted: July 23rd, 2014 in Latest Business Stories | Read More »

Metrobank offers as much as P6.5 billion in new notes

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FILE PHOTO

Local banking giant Metropolitan Bank & Trust Co. has returned to the local capital market to raise as much as P6.5 billion from the sale of debt notes qualifying as Tier 2 or supplementary capital under the Basel 3 capital adequacy framework.

Posted: July 22nd, 2014 in Latest Business Stories | Read More »

Aquino signs law letting foreign banks in

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Maybank, Malaysia’s biggest bank, is one of several foreign banks operating in the Philippines. President Aquino has signed into law a bill allowing the “full entry of foreign banks into the Philippines” in preparation for next year’s Asean regional economic integration.  PHOTO FROM maybank2u.com.ph

President Aquino has signed into law a bill allowing the “full entry of foreign banks into the Philippines” in preparation for next year’s Asean regional economic integration.

Posted: July 21st, 2014 in Latest Business Stories | Read More »

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News

  • Butch Abad: Pro-, anti-Aquino solons listed projects for DAP funding, not Lacson
  • SC declined Palace’s ‘DAP’ offer early 2014
  • Butch Abad: Senators knew about DAP Oct. 2011
  • Abad appears in Senate with Cabinet execs in tow
  • Budget chief Butch Abad faces Senate probe on DAP
  • Sports

  • PLDT refunds tickets; MVP apologizes
  • Eagles alone on top at 3-0
  • Chiefs grab 2nd; Bombers score
  • Petron volleybelles clinch 5th over Cagayan
  • Army tackles Shakey’s V-League champion Cagayan
  • Lifestyle

  • Sun Life offers a complete health and wealth solution
  • 30 women vie for 2014 Mutya title
  • We will miss The Tivoli
  • Bidding goodbye–with a nine-course degustation dinner
  • Tour takes one on the science and art of food
  • Entertainment

  • Claudine Barretto’s lawyer on Raymart Santiago: ‘Defensive much?’
  • Wahlburgers’ premieres tonight
  • And then there were four
  • Agents of Ambush, July 24, 2014
  • Tuldok, July 24, 2014
  • Business

  • S&P 500 at new record on Apple earnings; Dow drops
  • New team seen curbing corruption
  • 500,000-ton hike in rice imports set
  • Metrobank completes P6.5B IOU issuance
  • P1.52B deal turns Sinophil into key gaming firm
  • Technology

  • China deletes Web reports on blow-up giant toad
  • Get paid for posting? Social networking’s new twist
  • Home Stand game cancellation triggers online fury
  • Google made failed bid for Spotify—report
  • US agency goes off topic, tweets about Kim Kardashian
  • Opinion

  • Editorial cartoon, July 24, 2014
  • The disappointed
  • Mad about the DAP
  • For what?
  • ‘Raining humans’
  • Global Nation

  • Naia Terminal 3 to become fully operation by end of July
  • No Filipinos on crashed Taiwanese plane
  • Fil-Am is behind Kwoller, the price-tracking mobile app for shoppers
  • Young Fil-Am leaders in PH for ‘immersion’
  • Expats from Haiyan-ravaged Palompon meet in Niagara Falls
  • Marketplace
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