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.
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.
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.
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.
DBS BANK said global developments as well as waning consumer confidence may push Philippine average inflation in 2011 below its current forecast of 5.6 percent. The Singapore-based bank is taking the lead of the Bangko Sentral ng Pilipinas, and will change its forecast once the latter releases its revised figures next week. “We see downside [...]
The Bangko Sentral ng Pilipinas need not change its monetary policy since the inflation figure in May was reported to be lower than expected, according to DBS Bank. The Singapore-based bank said in a research note that while the BSP is widely expected to hike key policy rates on Thursday, this is “by no means [...]
