By The Financial District
Danish Pension Fund Sells Its Tesla Shares Over Union Dispute
PensionDanmark, one of Denmark's largest pension funds, has revealed that it had decided to sell its holdings in Tesla due to the U.S...
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By The Financial District
- 5 hours ago
- 1 min
Bank CEOs Warn Tough Rules To Harm U.S. Economy
The heads of Wall Street’s biggest banks have used an appearance on Capitol Hill to plead with senators to stop the Biden administration’s..
By The Financial District
- 2 days ago
- 1 min
Wells Fargo CEO Expects Severance Expenses To Top $750-M
Wells Fargo CEO Charlie Scharf informed investors on Tuesday that he anticipates severance expenses to exceed initial estimates, ranging...
By The Financial District
- 5 days ago
- 1 min
Analysts At Chinese Bank Told Not To Write Bearish Views
China International Capital Corp (CICC), the country's third-largest investment bank by market value, has instructed analysts not to...
By The Financial District
- Dec 1
- 1 min
JPMorgan Chief: Musk Will Lose Case Against Us
At the New York Times DealBook conference, host Andrew Ross Sorkin asked JPMorgan Chief Jamie Dimon for his thoughts on Elon Musk.
By The Financial District
- Dec 1
- 2 min
Digital TIN ID System Provides Convenience to Taxpayers and Prevents Scams
The Bureau of Internal Revenue (BIR) has introduced a new digital Tax Identification Number (TIN) ID system aimed at providing convenience..
By The Financial District
- Nov 30
- 1 min
BSP, Govt Offerings Boost Bond Market
The Philippines' currency bond market expanded in the third quarter due to increased issuances from the government and the Bangko Sentral...
By The Financial District
- Nov 30
- 1 min
Trust Entities Allowed Access To BSP Bills
The Bangko Sentral ng Pilipinas (BSP) has expanded the list of entities allowed access to BSP-issued securities, aiming to siphon off...
By The Financial District
- Nov 25
- 2 min
Visa Accelerates Global Support For Small Businesses With A $100 Million Pledge
In a landmark move, Visa and the Visa Foundation have unveiled ambitious plans to bolster small and micro-businesses (SMBs) globally, with..
By The Financial District
- Nov 22
- 1 min
BSP Mops Up ₱1.8-T Excess Liquidity
The Bangko Sentral ng Pilipinas (BSP) has absorbed P1.809 trillion of excess liquidity from the financial system as of the end of October...
By The Financial District
- Nov 22
- 1 min
UnionBank Initiates Bond Offering From ₱50 Billion Program
Union Bank of the Philippines has commenced the public offering of fixed-rate bonds from its P50 billion bond program.
By The Financial District
- Nov 19
- 1 min
Asialink Forges Partnership With CIBI
Asialink Finance Corp. has entered into a partnership with credit information and risk management firm CIBI Information Inc. to access...
By The Financial District
- Nov 18
- 1 min
Gov’t Eyes ₱10-B From Maiden Offer Of Tokenized T-Bonds
The government intends to borrow at least P10 billion from the local debt market via the maiden issuance of peso-denominated tokenized...
By The Financial District
- Nov 13
- 1 min
RCBC Chief Economist Supports Maharlika Fund For Economic Growth
RCBC's Chief Economist, Michael Ricafort, expressed support for the Maharlika Fund, stating that it could boost the country's growth rate...
By The Financial District
- Nov 13
- 1 min
Finance Dep't Backs IRR For Maharlika
The Department of Finance (DOF) welcomes and fully supports the revised Implementing Rules and Regulations (IRR) of the Maharlika Invest...
By The Financial District
- Nov 13
- 2 min
BBM Names CEO Of Maharlika Fund
President Ferdinand R. Marcos Jr. has appointed Rafael D. Consing Jr. as the President and Chief Executive Officer (CEO) of the Maharlika...
By The Financial District
- Nov 13
- 1 min
National Government Debt Payments Increase To ₱1.4-T In First Nine Months
The debt payments of the national government for the first nine months of the year reached P1.4 trillion, reflecting a 15% increase in...
By The Financial District
- Nov 9
- 3 min
More Than A Hundred Athletes Welcomed To Team Visa Ahead Of Olympic And Paralympic Games Paris
Visa, the Worldwide Payment Technology Partner of the Olympic and Paralympic Games, unveiled the current list of 117 athletes joining Team..
By The Financial District
- Nov 6
- 1 min
Maharlika Investment Fund IRR Okayed
The Implementing Rules and Regulations (IRR) for the Maharlika Investment Fund (MIF) have been finalized.
By The Financial District
- Oct 24
- 2 min
BSP And CDA Sign MOA On Cooperative Oversight
The Bangko Sentral ng Pilipinas (BSP) and the Cooperative Development Authority (CDA) have signed a Memorandum of Agreement (MOA) for...
By The Financial District
- Oct 23
- 1 min
PH Debt Service Burden Up 137.4%
The Philippines' debt service burden increased by 137.4% to $8.19 billion at the end of July, compared to $3.45 billion in the same period..
By The Financial District
- Oct 23
- 1 min
Banks' Profitability Ratios Improve In Q2
In terms of profitability, the banking system's return on assets (ROA) and return on equity (ROE) continued to improve in the second...
By The Financial District
- Oct 23
- 1 min
BSP's FX Swaps Total $4.4 Billion
The Bangko Sentral ng Pilipinas (BSP) reported that foreign exchange (FX) swaps totaled $4.403 billion in August, down from $4.727 billion..
By The Financial District
- Oct 21
- 1 min
Gross Reserves Down To $98.1 Billion
The country's gross international reserves (GIR) decreased to US$98.1 billion as of end-September 2023 from US$99.6 billion as of end...
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