The Philippines’ burgeoning gaming industry may surpass Singapore’s $5.6-billion gaming market by 2018 on the back of favorable local demographics and a likely spillover of foreign high-rollers, foreign bank Credit Suisse said.
Credit Suisse Group on Thursday posted a profit for the fourth quarter of 397 million Swiss francs ($435 million), a turnaround from a year ago that reflected a tough year of cost-cutting and consolidation.
Credit Suisse (Singapore) Ltd. has acquired a 2-percent stake in Petron Corp., the country’s biggest oil refiner and retailer.
Credit Suisse, Deutsche Bank and HSBC will serve as lead arrangers for the $1-billion global bonds and $500-million debt securities the government is planning to sell in the international and domestic capital markets.
Financial services firm Credit Suisse, less optimistic than other market watchers, lowered its full-year economic growth forecast for the Philippines to 4.3 percent from 4.6 percent. Credit Suisse said in a new research on Asian markets that it expected growth in the region to “slow down more sharply than most expect” in the coming months. [...]
The Bangko Sentral ng Pilipinas may be prompted to raise interest rates and the reserve requirement further this year as price pressures, including those from inflows of foreign hot money, are seen to remain significant. This projection was made by Credit Suisse, which said the BSP might raise key interest rates by another 50 basis [...]
MANILA, Philippines—Credit Suisse (Hong Kong) Ltd. has acquired P860 million worth of San Miguel Corp. common shares earlier this month, thus completing its committed price stabilization program in the aftermath of a secondary share sale by the diversifying conglomerate. In a disclosure to the Philippine Stock Exchange on Tuesday, SMC posted an advisory from Credit [...]
