Metrobank raises P10.5B from new bond foray
Ty family-led Metropolitan Bank & Trust Co. has raised P10.5 billion from a fresh bond market foray that was warmly received by investors despite the challenging macroeconomic environment. The bonds,…
Amid ECQ, ‘record-high’ unemployment rate of 17.7% posted in April
MANILA, Philippines — The jobless rate climbed to a “record-high” of 17.7 percent at the height of the COVID-19 lockdown in April, the government reported Friday. Citing the preliminary results…
AllHome’s Q1 profit up 30%
Villar-led one-stop-shop home store AllHome Corp. grew its first quarter net profit by 30 percent year-on-year to P270.2 million, driven by sales from new stores that opened late last year,…
BPI sets sustainable funding framework
BPI prexy Cezar Consing Ayala-led Bank of the Philippine Islands has institutionalized a sustainable funding framework, expanding the green finance blueprint laid out last year, as it vowed to support…
Wall Street pauses, and S&P 500’s 4-day winning streak snaps
Wall Street paused on Thursday, and the S&P 500 fell for the first time in five days as stocks that had held steadiest through this year’s feverish swings gave back…
Still on a high from metro’s restart, PSEi breaks past 6,500
The local stock barometer rallied past a key barrier at 6,500 on Thursday to close at its highest level since the COVID-19 pandemic hit local shores in March. Tracking upbeat…
BSP tells Filipinos to practice ‘cyber hygiene’
Digital payments made through two of the country’s largest electronic fund transfer infrastructures surged to a record during the tightest period of the national lockdown imposed to prevent the spread…
Poverty incidence highest among farmers, fisherfolk, rural dwellers
While nationwide poverty incidence fell to 16.6 percent in 2018 and was reflected across 11 basic sectors, Filipinos living and working in the countryside remained poorer compared with those in…
Q1 foreign investment pledges fall 36.2%
Incoming foreign-led projects approved by the country’s seven investment promotion agencies (IPAs) slid 36.2 percent to P29.4 billion in the first quarter, the tail end of which was marked by…
PH facing up to 30% drop in remittances this year
The Philippines is seen as among the emerging markets to be hit by an up to 30-percent drop in remittances, based on the projection of Washington-based Institute of International Finance…