Overseas Remittances

Philippine Business Confidence Up for Second Quarter

MANILA, PHILIPPINES - Overall business confidence in the Philippines for the second quarter soared to 49.2 percent, up from the 45.2 percent posted in...

Philippine Stock Exchange Acquires New Office For USD18m

MANILA, PHILIPPINES - The Philippine Stock Exchange, Inc (PSE) is expected to move to its new office in the latter part of 2016 after...

Philippine Stock Exchange To Use NASDAQ-Developed Trading System in June

MANILA, PHILIPPINES - The Philippine Stock Exchange, Inc (PSE) announced that starting June 1, it will replace the PSEtrade platform provided by NYSE Euronext...

Philippine Stock Exchange Warns of Investment Scams

MANILA, PHILIPPINES - The Philippine Stock Exchange, Inc. (PSE) has issued an advisory warning the public against the proliferation of investment scams. In a statement...
Overseas Remittances

Foreign Equity Capital Investments in Philippines Up in February

MANILA, PHILIPPINES - Foreign net equity capital in the Philippines increased by 184.7 percent in February to US$179 million, sending the total foreign direct...
Overseas Remittances

Philippine Central Bank Meets This Week; Forecast To Keep Policy Rates

MANILA, PHILIPPINES - The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, is meeting this week and analysts have predicted that...
Overseas Remittances

Philippine International Reserves Up USD80.8 Billion in April

MANILA, PHILIPPINES - The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, said preliminary data showed that the country's gross international...

EastWest Bank Raises Php8 Billion in Philippine Stock Exchange Offering

MANILA, PHILIPPINES - EastWest Banking Corporation (EW) listed more than 371 million shares from its recently concluded stock rights issuance at the Philippine Stock...

SM Investments Corp Posts 8.1 Percent Q1 Net Income Growth

MANILA, PHILIPPINES - SM Investments Corporation announced that its consolidated net income in the first quarter of 2015 grew 8.1% to PHP6.7bn (USD150 million),...

Regulator Sets New Policy For Philippine Banks That Want To Sell Insurance

MANILA, PHILIPPINES - The Insurance Commission (IC) of the Philippines now requires banks that intend to sell insurance products to first secure bancassurance agreement...

Philippine Bank Lending Slows in March – BSP

MANILA, PHILIPPINES – Bank lending in the Philippines slowed down in March from a month ago, posting a growth of just 13.7 percent from...

Philippine Central Bank Issues Public Advisory on Credit Card Collection Agencies

MANILA, PHILIPPINES - The central bank of the Philippines, Bangko Sentral ng Pilipinas (BSP), has issued an advisory to inform the public on the...

Crown Asia Chemicals Raises US$5 Million in Philippine IPO

MANILA, PHILIPPINES - Crown Asia Chemicals Corporation, a plastic compounds and pipe producers, was able to raise Php222.8 million (USD5 million) from its initial...

Philippine Central Bank Issues Advisory on Authority of Credit Card Collection Agents

MANILA, PHILIPPINES - The central bank of the Philippines, Bangko Sentral ng Pilipinas (BSP), has issued an advisory to inform the public on the...

Philippine Unemployment Rate Drops in First Quarter

MANILA, PHILIPPINES - A survey conducted by Social Weather Stations (SWS) showed that the number of unemployed Filipinos dropped in the first quarter of...

Maybank Philippines Posts Record Php1 Billion Net Income in 2014

MANILA, PHILIPPINES - Maybank Philippines Inc (MPI), the local unit of Malaysia's largest bank and financial group, posted a record net income of Php1.01...

Philippine Stock Exchange Sets Annual Stockholders’ Meeting

MANILA, PHILIPPINES - The Philippine Stock Exchange, Inc. (PSE) will hold its annual stockholders' meeting (ASM) on May 2, 2015, 8:00 a.m., at Pavilions...

Philippine Monetary Board Approves Amendment of Unit Investment Trust Fund

MANILA, PHILIPPINES – The Monetary Board of the Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, approved the amendment of the...

Philippine Banks Banned From Sending Unsolicited Advertisements Through SMS

MANILA, PHILIPPINES – The central bank of the Philippines, Bangko Sentral ng Pilipinas (BSP), issued an advisory to the public to inform them of...

Philippine Stock Exchange Targets All-Time High of 9,000

MANILA, PHILIPPINES - After clocking 27 record finishes so far this year and breaking past the 8,100 level, the Philippine Stock Exchange (PSE) now...