By The Financial District
Business Groups ‘Air’ Concern On Planned Sovereign Wealth Fund
Twelve Business associations and economic policy groups, including the Makati Business Club (MBC) and the Management Association of the...
![TFD [LOGO].png](https://static.wixstatic.com/media/1c4fd3_548a902f0e634d898458c2078da13fc9~mv2.png/v1/crop/x_67,y_226,w_358,h_43/fill/w_169,h_20,al_c,q_85,usm_0.66_1.00_0.01,enc_auto/TFD%20%5BLOGO%5D.png)
![TFD [LOGO] (10).png](https://static.wixstatic.com/media/bea252_c1775b2fb69c4411abe5f0d27e15b130~mv2.png/v1/crop/x_150,y_143,w_1221,h_1193/fill/w_179,h_176,al_c,q_85,usm_0.66_1.00_0.01,enc_auto/TFD%20%5BLOGO%5D%20(10).png)
WHERE BUSINESS CLICKS
Search
By The Financial District
- 3 days ago
- 2 min
BIS Warns Of $80-Trillion Forex Swap Debt
The Bank for International Settlements (BIS) has warned that pension funds and other “non-bank” financial firms now have more than $80...
By The Financial District
- 3 days ago
- 2 min
BDO Declares Cash Dividends
The Board of Directors of BDO Unibank, Inc. (BDO) approved the declaration of regular cash dividends on common shares in the amount of...
By The Financial District
- 3 days ago
- 1 min
Gov't Bonds Top Choice To Fund Japan Defense Spending
In the latest Yomiuri poll, 51% of respondents indicated that they understood the government and ruling parties’ plan to raise defense...
By The Financial District
- 3 days ago
- 2 min
Archegos' Bill Hwang Seeks Dismissal of His $36-B Fraud Case
Bill Hwang is seeking the dismissal of his US fraud indictment over the collapse of his once-$36 billion Archegos Capital Management LP.
By The Financial District
- 4 days ago
- 1 min
China Banks Issuing Offshore Loans For Indebted Developers
China has ordered its top four state-owned banks to issue offshore loans to help developers repay overseas debt.
By The Financial District
- 5 days ago
- 1 min
BOJ To Suffer 28-Trillion Yen Bond Loss If Yields Rise By 1%
The Bank of Japan could incur an unrealized loss of 28.6 trillion yen ($211 billion) on its holdings of Japanese government bonds if...
By The Financial District
- 7 days ago
- 2 min
Credit Suisse Hastens Job Cuts As Revenue Outlook Grows Dimmer
Credit Suisse is looking for ways to accelerate cost cuts announced just weeks ago as client outflows and a slowdown in activity weigh on...
By The Financial District
- 7 days ago
- 2 min
Egypt To Build 21 Desalination Plants Using Sovereign Fund
Egypt plans to award deals next year to build 21 water desalination plants in the first $3 billion phase of a program that will draw on...
By The Financial District
- Nov 28
- 2 min
China Central Bank Doles Out Cheap Loans To Buy Property Developer Bonds
China's central bank will offer cheap loans to financial firms for buying bonds issued by property developers, four people with direct...
By The Financial District
- Nov 27
- 2 min
BPI Direct BanKo Opening 100 New Branches In 2019
BPI Direct BanKo, Inc. wants to open another 100 branches next year as it aims to expand its reach in Mindanao and cope with the demand in..
By The Financial District
- Nov 27
- 3 min
BSP Tightening Seen To Continue Through 2023
The Bangko Sentral ng Pilipinas is likely to continue its tightening cycle to tame inflation in the coming months, but it may deliver less..
By The Financial District
- Nov 23
- 2 min
Singapore's Central Bank Defends Putting Binance On Watchlist
Singapore’s central bank has responded to criticism of its treatment of two of the world’s largest crypto exchanges, explaining why...
By The Financial District
- Nov 20
- 1 min
Gates Foundation Pledges $7-B For African Nations
On a visit to Kenya, Bill Gates announced his foundation will spend $7 billion to improve health, gender equality and farming in Africa.
By The Financial District
- Nov 16
- 2 min
Firms Holding Crypto Aren't Insured The Way Banks Are
The “crypto winter” that hit earlier this year walloped digital asset prices and served as a healthy reminder that cryptocurrencies are...
By The Financial District
- Nov 16
- 2 min
BankCom Doubled Profit In Q3
Bank of Commerce (BankCom), an affiliate of San Miguel Corporation, more than doubled its net income to P1.49 billion in the third quarter..
By The Financial District
- Nov 15
- 2 min
Housing, Auto Loans Boosted PSBank’s 9-Month Income
The income of Philipine Savings Bank (PSBank) soared 126% on the increase of housing and auto loans in the January-to-September period.
By The Financial District
- Nov 13
- 2 min
Security Bank’s 9-mo. Profits Up 77%
Security Bank Corporation posted a 77% jump in net income to P8.6 billion in the first nine months of 2022 from P4.8 billion in the same...
By The Financial District
- Nov 13
- 2 min
Softbank Returns To Profit In 3rd Quarter
Japanese technology investor Softbank Group Corp. has reported a 3 trillion yen ($21 billion) profit for the July-September quarter.
By The Financial District
- Nov 12
- 2 min
Moody’s Affirms PNB’s Long-Term Debt Rating
Moody's Investors Service recently affirmed Philippine National Bank’s (PNB) long-term debt rating of “Baa3,” citing the bank’s improving...
By The Financial District
- Nov 12
- 2 min
Local Banks’ Net Earnings Climbed 43% At End-Sept.
The net earnings of the banking industry climbed by 43% as of September, driven by higher trading gains and interest income, according to...
By The Financial District
- Nov 12
- 1 min
BSP Retires 520 MT Of Coins Unfit For Circulation
The Bangko Sentral ng Pilipinas (BSP) has retired a total of 519.93 metric tons (MT) of unfit, demonetized, mutilated, and counterfeit...
By The Financial District
- Nov 7
- 3 min
Metrobank Profit Surges By 77% In Q3
Metropolitan Bank & Trust Co. (Metrobank) saw its net profit surge by 77% in the third quarter on the back of its robust lending portfolio..
By Ernie Tolentino
- Nov 5
- 3 min
Aggressive Rate Hikes May Be Needed
More aggressive monetary tightening by the central bank may be needed if inflation continues to accelerate, economists said.