Sunday, May 10, 2026
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Tag: financial news

PSE denies ‘preposterous’ P5-trillion market value loss claim

The Philippine Stock Exchange (PSE) has denied claims it had lost as much as P5 trillion in market capitalization since December 2024, calling the...

PDIC proposes clearer rules for denied claims

State-run Philippine Deposit Insurance Corp. (PDIC) has released proposed revisions to its rules on denied deposit insurance claims to proactively gather feedback from banks,...

Philippines’ net external liability rose to P3.7 trillion in first quarter of 2025

The Philippines' net external liability climbed 5.4 percent to P3.7 trillion in the first quarter of 2025 from P3.5 trillion in the previous quarter,...

Security Bank names Singaporean banker as president, CEO

Security Bank Corp. said Tuesday it appointed veteran Singaporean banker Victor Lee Meng Teck as its next president and chief executive, effective January 2026. Lee’s...

Philippine money supply grew 6.2% to P18.6 trillion in July 2025

Domestic liquidity, or M3, grew 6.2 percent year-on-year in July 2025 to about P18.6 trillion, according to preliminary data from the Bangko Sentral ng...

Converge lowers 2025 earnings outlook on manpower shortage

Converge ICT Solutions Inc. has reduced its 2025 earnings guidance, citing a shortage of personnel to perform network repairs and maintenance. The company revised its...

PDIC issues new rules on deposit insurance ads, signage

PDIC issues new regulations requiring Philippine banks to update advertisements and in-bank displays to reflect the increased maximum deposit insurance coverage of P1 million. State-run...

Security Bank names new CFO after Olbes quit, forms wealth segment

Eduardo Olbes, Security Bank's executive vice president and chief financial officer (CFO), will take early retirement effective Sept. 15, 2025, after more than 15...

Asia United Bank’s first-half net income jumped 17% to record P6.1 billion

Asia United Bank (AUB) said Tuesday its net income in the first six months of 2025 climbed 17 percent to a record P6.1 billion...
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