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CIMB eyeing PH thrift bank

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After the collapse of a deal to take over Bank of Commerce, Malaysian banking giant CIMB is in talks to invest in Philippine Business Bank, a thrift bank led by the group of Zest-O founder Alfredo Yao.

Posted: July 30th, 2014 in Headlines | Read More »

BDO posted P11B net profit in first 6 months

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The country’s biggest lender Banco de Oro Unibank posted a net profit of P11.05 billion in the first semester, declining by 22 percent year-on-year but attaining close to half of its full-year goal.

Posted: July 29th, 2014 in Headlines | Read More »

PH banks’ 1st quarter profits slip

More banks reported a double-digit decline in first quarter net profits in line with an industry-wide trend of declining trading gains or even booking trading losses compared to the much more benign market environment early last year.

Posted: May 17th, 2014 in Headlines | Read More »

Fitch: PH banks stable enough to withstand shocks

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The local banking industry will continue to help stabilize the country’s booming economy in the coming year, despite the risk of lower profits and tighter monetary conditions.

Posted: December 17th, 2013 in Headlines | Read More »

BSP eyes hike in banks’ capital requirements

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The capitalization requirements for local banks may be increased to ensure the continued strength of the local financial sector, which has grown exponentially since the minimum was last revised.

Posted: October 11th, 2013 in Headlines | Read More »

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  • Osmeña backs moves to use Malampaya funds for ILP to avert power shortage
  • Congress urged to junk 2015 budget due to pro-DAP provisions
  • Palace: Yolanda rehab on time despite unsigned master plan
  • Cine Europa concludes Visayan leg
  • Sports

  • Hobbled by foul trouble, Fajardo still leads SMB over ROS
  • Pringle impresses, but says he has to be better after Globalport loss
  • Asi Taulava lifts NLEX over Globalport
  • Judge sentences Pistorius to five years in jail
  • Oscar Pistorius to finally learn his sentence
  • Lifestyle

  • PH in Lonely Planet’s top 10 countries to travel in 2015
  • Chewing too much hassle? Japan’s got just the thing
  • Celebrities mourn Oscar de la Renta’s death
  • Palawan is ‘top island in the world’
  • Federal Land enhances Makati skyline with CBD projects
  • Entertainment

  • ‘The Hobbit: The Battle of the Five Armies’ character posters revealed
  • Porn production moratorium ends after testing
  • Ronan Keating after Marlisa win: Thanks for choosing ‘a worthy winner’
  • Disney’s ‘Beauty and the Beast’ to enthrall Filipino fans
  • Cost of making ‘Hobbit’ movies up to $745 million
  • Business

  • PSEi stays above 7,000 for 2nd straight day on selective buying
  • P700M waste-to-energy plant to rise in Tagum City in 2015
  • US stocks gain despite weak IBM earnings
  • Rising household debt poses risks to growth of SE Asian economies
  • Capital requirements on banks raised
  • Technology

  • Presenting data like a pro
  • New apps for sales teams to meet customers’ changing needs
  • Samsung seeks boost from redesigned Note
  • Facebook sues lawyers over ‘scam’ lawsuit
  • NTC gets 60-day TRO vs enforcing text refund
  • Opinion

  • In his hands
  • CSW, coordination and coherence
  • Her name is Jennifer
  • Living (and dying) with Ebola
  • Recapture ignorance!
  • Global Nation

  • Amalilio freed in Malaysia; PH extradition request rejected
  • 4 Hajj pilgrims being observed for symptoms of MERS-CoV
  • DFA: Alert level 3 up for Filipinos in Yemen
  • DFA assures Pemberton still in PH
  • Palace: Pursuit of justice for Laude continues despite US witnesses’ departure
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