BSP prepares to issue its own IOUs by Q3
MANILA, Philippines — The central bank on Wednesday took another step closer toward issuing its own bonds, which will allow it to better regulate the amount of liquidity in the…
Stocks slide as Metro Manila prepares to open partially for business
The local stock barometer tumbled below 5,600 level on Friday ahead of Metro Manila’s reopening for limited business after a two-month lockdown meant to contain the spread of the new…
PSBank profit down 5.1% as it prepares for rise in bad loans
The Metrobank group’s thrift bank arm, Philippine Savings Bank (PSBank), saw a 5.1-percent year-on-year drop in first quarter net profit amounting to P646.2 million as it set aside a bigger…