Banking & Insurance
BPI starts Tuesday sale of 6.425%P5B, 1.5-year peso, fixed-rate bond
The Bank of the Philippine Islands said Tuesday it has set the coupon rate of its 1.5-year peso fixed-rate bonds due 2025 at 6.425 percent. The bond has an aggregate principal amount of P5 billion, with option to upsize if warranted by demand.
Remittances hit $3.1B in August
The personal remittances of overseas Filipinos (OFs), a potent source of foreign exchange for the Philippines, increased by 2.8 percent to reach $3.10 billion in August 2023 from only $3.02 billion in the same month last year, the Bangko Sentral ng Pilipinas (BSP) said on Monday.
Manila exercises good neighbor policy and contributes to IMF’s subsidy fund
Although the Philippines has to deal with the economic scarring dealt on countries by the pandemic just like everyone else, the $404 billion southeast...
Yellen says US-backed IMF funding increase is ‘pretty likely’
U.S. Treasury Secretary Janet Yellen told Reuters on Friday that her plan for an "equi-proportional" increase in International Monetary Fund quota-based lending resources was "pretty likely to get done" despite concerns raised by China.
Metrobank ranks high at The Asset’s 2023 Benchmark Research
The Metropolitan Bank & Trust Co. (Metrobank) has received recognition for industry excellence and market dominance in the financial markets space, as acknowledged by...
