Banking & Insurance
BPI projects two rounds of policy rate cuts this year
The Bank of the Philippine Islands (BPI) is convinced the country's inflation path is "clearly under control" and projected two rounds of interest rate cuts by the Bangko Sentral ng Pilipinas (BSP) before the year is out.
China Bank posts record first half net income of P11.4 billion
China Banking Corp., an affiliated lender of the Sy Group, said Thursday robust growth in core lending and deposit-taking activities drove its first-half net...
Metrobank delivers record 1H income as loan growth gains momentum
Metropolitan Bank & Trust Co. 's (Metrobank) net income reached a record P23.6 billion in the first semester of 2024 supported by the bank’s robust...
June inflation reading seen ranging higher from 4 to 4.8 percent
The Bangko Sentral ng Pilipinas on Wednesday projected greater price pressures prevailing in the July inflation survey due next week, likely averaging a low of 4 percent and high of 4.8 percent.
PH1 World secures P500 million loan from BPI
PH1 World Developers Inc., the property development arm of publicly-listed Megawide Construction Corp., on Tuesday took out a P500 million loan from Ayala-led Bank of the Philippine Islands for the development of its property in San Jose Del Monte, Bulacan.
