Roxas Holdings Announces Senior Appointments
PHILIPPINES – Sugar group Roxas Holdings, Inc. (RHI; PSE:ROX) is taking on a new direction with the appointments of two key officers. RHI Chairman and Interim President & Chief Executive…
Metrobank Partners with Bank of Yokohama To Serve Japanese Firms in the Philippines
MANILA, PHILIPPINES – Metropolitan Bank & Trust Company (Metrobank) recently signed an agreement with one of Japan’s leading financial conglomerates, The Bank of Yokohama (BOY), in a bid to better…
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), with net income margin at 10.4…
Philippine Inflation Further Slows in April
MANILA, PHILIPPINES – The Philippine central bank, Bangko Sentral ng Pilipinas (BSP), said headline inflation slowed down to 2.2 percent year-on-year in April from 2.4 percent in March, thanks to…
Bank Negara Malaysia Names Mohd Adhari Belal Din as Assistant Governor
KUALA LUMPUR, MALAYSIA – Bank Negara Malaysia, the country’s central bank, has announced the appointment of Mod Adhari Belal Din as assistant governor, in addition to his function as strategic…
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 A and B of Wack Wack…
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 Unit Investment Trust Fund (UITF) regulations…
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 the appropriate action to take if…
Nokia Seeks to Challenge Chinese Firms in Alcatel-Lucent Buy
NEW YORK – Low-cost Chinese telecoms equipment firm are now eating up on the market share of other global manufactures. But Nokia just won’t vow to the pressure. Finnish multinational…
World Bank Cites Philippine Banking System
MANILA, PHILIPPINES – The World Bank (WB) cited the financial consumer regulatory environment in the domestic banking system in its “Republic of the Philippines: Diagnostic Review of Consumer Protection in…
Philippine Exports Drop in February, NEDA Says
MANILA— Philippine merchandise exports recorded a 3.1-percent decline in February 2015 on account of lower sales in agro-based products, manufactures, and petroleum products, according to the National Economic and Development…
Malaysia’s Maybank to Open New China Branch; Readies Samurai Bond Offering
MALAYSIA – Malaysia’s largest bank and financial group, Malayan Banking Bhd (Maybank), is set to open its fourth branch in Greater China this week as it also gears up for…
Asia-Pacific Private Equity Deals Hit All-Time High in 2014
A report released by global management consulting firm Bain & Company showed that private equity (PE) deals signed in the Asia-Pacific region reached USD81 billion in 2014, an all-time high.…