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PDIC to auction off Cebu land of closed banks

By
SCREENGRAB from www.pdic.gov.ph

The state-run Philippine Deposit Insurance Corp. said Tuesday it will auction off P51.57-million in real estate located in Cebu province that belonged to banks that have been closed.

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

BSP closes rural bank in Southern Leyte

By
Bangko Sentral ng Pilipinas (BSP). RYAN LEAGOGO/INQUIRER.net

Monetary authorities have shut down a rural bank in Southern Leyte and placed it under Philippine Deposit Insurance Corp. (PDIC) receivership.

Posted: September 18th, 2014 in Latest Business Stories | Read More »

BDO Unibank opens Seoul office

By
SCREENGRAB from www.bdo.com.ph

The country’s largest lender BDO Unibank Inc. has gained a foothold in South Korea to position itself to capture new business from Koreans who are keen on investing or living in the Philippines.

Posted: September 18th, 2014 in Latest Business Stories | Read More »

4 banks funding PAL buyback

By

The group of tycoon Lucio Tan is raising $780 million to cement control of flag carrier Philippine Airlines (PAL) through a bridge financing from four big local banks, with the bulk to come from banks led by the family of taipan Henry Sy.

Posted: September 10th, 2014 in Headlines | Read More »

Oil prices down in Asian trade

gas

Oil prices fell in Asian trade Monday on a stronger dollar as investors digested Federal Reserve chief Janet Yellen’s defense of the bank’s monetary policy, analysts said.

Posted: August 25th, 2014 in Latest Business Stories | Read More »

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