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BSP seen to slash SDA rates by 50 basis points

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Bangko Sentral ng Pilipinas building INQUIRER FILE PHOTO

The Bangko Sentral ng Pilipinas is widely expected to slash rates on special deposit accounts (SDAs) by another 50 basis points during its monetary policy setting meeting on Thursday.

Posted: April 24th, 2013 in Latest Business Stories | Read More »

First Metro Investment nets P2.3 B in 1st Q

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First Metro image

First Metro Investment Corp., the investment banking arm of the Metrobank group, jacked up its first quarter net profit by 134 percent year-on-year to P2.3 billion, boosted mostly by treasury earnings.

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

BDO forecasts P20-B profit this year; makes P10-B in 1st Q

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bdo

Banco de Oro, the country’s largest bank, expects to breach the P20-billion net profit mark this year as hefty trading gains in the first quarter are seen complementing robust interest earnings.

Posted: April 19th, 2013 in Latest Business Stories | Read More »

SMC raises $800 M via overseas bond issue

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smc

San Miguel Corp. has raised $800 million from a 10-year overseas bond sale, setting a new record as the largest US dollar-denominated corporate bond issue carved out of the Philippines.

Posted: April 19th, 2013 in Latest Business Stories | Read More »

New PSBank president named

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psbank

Philippine Savings Bank has announced the retirement of long-time president Pascual Garcia III and the appointment of Vicente Cuna Jr., an executive at parent company Metropolitan Bank and Trust Co., as his successor effective Friday.

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

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