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BSP rates may remain at record lows

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Monetary officials are under less pressure to hike interest rates this year as the economy benefits from robust growth in dollar income from remittances and other industries, according to Singapore’s DBS, Southeast Asia’s biggest financial institution.

Posted: January 15th, 2014 in Headlines | Read More »

Hikes in bank reserve requirement seen in ’13

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INCREASES in the reserve requirement on banks are possible following the central bank’s move last Thursday to keep such ratios and policy interest rates steady, according to the DBS Group.

Posted: January 25th, 2013 in Editor's Pick,Headlines | Read More »

Ayala secures 10.4% DBS stake in BPI

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The Ayala conglomerate spent P25.6 billion to buy 10.4 percent or about half the stake held by Development Bank of Singapore in local unit Bank of the Philippine Islands.

Posted: October 13th, 2012 in Editor's Pick,Headlines | Read More »

Ayala conglomerate to buy half of DBS stake in BPI

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The Ayala conglomerate has agreed to buy about 10.4 percentage or about half of the stake held by Development Bank of Singapore in local banking crown jewel Bank of the Philippine Islands for P25.6 billion in cash.

Posted: October 12th, 2012 in Latest Business Stories | Read More »

DBS sees Philippines getting ratings upgrade in ’13

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There is a “definite possibility” that the Philippines could get investment grade rating in 2013 for its long-term foreign borrowings, following promising results of the government debt management efforts, according to Singapore-based DBS Group.

Posted: September 27th, 2012 in Headlines | Read More »

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