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Philippines
Tuesday, September 24, 2024

Jenniffer B. Austria

Interest rate cut still possible in August despite higher inflation—BSP

The Bangko Sentral ng Pilipinas (BSP) may still consider an interest rate adjustment in August despite the expected faster inflation in July, Governor Eli...

PH stocks climb on positive comments from US Fed

Philippine stocks climbed Thursday following the dovish comments from the US Federal Reserve. Wall Street’s overnight gains also boosted local trading as the Philippine Stock...

Metrobank booked record income of P23.6b in first half

Metropolitan Bank & Trust Co. (Metrobank) said Thursday its net income reached a record P23.6 billion in the first semester of 2024, on the...

ChinaBank’s six-month profit rose 6% to P11.4b

China Banking Corp. said Thursday its net income grew six percent year-on-year to a record P11.4 billion in the first half of 2024, boosted...

Wilcon logged 10% profit decline in Q2 due to fire loss

Wilcon Depot Inc., a leading home improvement and finishing construction supplies retailer, said Wednesday its second-quarter net income declined by 10 percent to P770...

PH stocks rebound on rate cut hopes

Philippine stocks bounced back Wednesday amid growing monetary easing expectations both here and abroad. The bellwether Philippine Stock Exchange index close at 6,619.09, up by...

AUB’s net income climbed 27% to P5.2b in first half

Asia United Bank (AUB), the financial arm of the Ng family, booked a six-month net income of P5.2 billion, up 27 percent from the...

BPI shortens SEED bond offer period

Bank of the Philippine Islands (BPI), the financial unit of conglomerate Ayala Corp., said Wednesday it shortened its bond offering period on strong take-up...

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