Banks poised for continued profit growth in 2025
Fitch Ratings has forecast continued strong profitability for the country's major banks in 2025, building on last year's solid performance.
SM Investments joins share buyback trend, sets P60B budget
SM Investments Corp. (SMIC), the flagship investment arm of the SM Group, has unveiled a historic share buyback program worth up to P60 billion—a little over USD1 billion at current exchange rate, aligning itself with a growing trend among Philippine Stock Exchange-listed companies to address the decline in share prices by repurchasing their own stocks.
PDIC doubles deposit insurance to P1M
The Philippine Deposit Insurance Corporation, which historically adjusted the maximum insured deposit four times since its charter in 1963, has doubled the insured amount to P1 million. The doubling, PDIC chief Roberto Tan said, takes effect beginning 15 March this year.
Capital repositioning allow for continued FDI outflows in January
The Bangko Sentral ng Pilipinas (BSP) on Friday reported net foreign investments of USD283.69 million exiting the Philippines In January 2025. This was a significant improvement compared to the previous month's outflows of USD487.37 million. The decrease, amounting to USD203.68 million or 41.8 percent, points to a recovery in market sentiment despite ongoing global economic pressures.
Ayuda: A lifeline for struggling Filipinos
The latest surveys are in, and they’ve made something pointedly clear: Filipinos are firmly standing behind the government’s social assistance programs.
