CBS rises to second largest thrift bank in the country
CBS China Bank Savings has moved up two notches in the Bangko Sentral ng Pilipinas’ 2023 ranking of thrift banks in terms of total assets. From top four in 2022, CBS is now the second largest thrift bank with P153.45 billion in resources as of 31 December 2023.
Treasury bill yields continue rise; one-year paper top 6% at Monday’s auction
Treasury bill yields were up at the auction Monday after the central bank last week kept overnight rates high on lingering concern over further inflation acceleration.
Megawide eyes P5 billion from planned bond offer
Megawide Construction Corp. said Monday its board has approved a bond offer that could raise as much as P5 billion for the listed construction firm.
Leasing, residential growth, one-off item boost DM Wenceslao earnings
Robust leasing, stable residential growth and one-time gain bolstered net income of D.M. Wenceslao and Associates Inc. three times to P7.3 billion last year from P2.1 billion in the previous year.
First Gen taps CNOOC Gas for delivery of 130,000 cubic meters of LNG
First Gen Corp., the power generation flagship of the Lopez Group, said Monday it awarded a contract to CNOOC Gas and Power Trading & Marketing Ltd. for the delivery of 130,000 cubic meters of liquefied natural gas after a recent tender.
