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Lawrence Agcaoili

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Lawrence Agcaoili

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Inflation may ease to 3.9% by yearend

by Lawrence Agcaoili - June 8, 2023 - 12:00am

Headline inflation may ease further to 3.9 percent toward the end of the year, which may prompt the Bangko Sentral ng Pilipinas to cut interest rates as early as the fourth quarter, according to MUFG Global Markets...

Infrastructure development in Philippines to accelerate further – Nomura

by Lawrence Agcaoili - June 7, 2023 - 12:00am

Nomura of Japan sees infrastructure development in the Philippines accelerating further in the next few years as the Marcos administration aims to raise annual spending from the level prior to the pandemic.

PNB extends P600 million loan to complete Zamboanga hospitals

by Lawrence Agcaoili - June 7, 2023 - 12:00am

Lucio Tan’s Philippine National Bank has extended a P600 million loan to Metro Zamboanga Hospital and Medical Center Inc. to finance the construction of an eight-story hospital with helipad.

BSP may keep rates on hold until next year

by Lawrence Agcaoili - June 7, 2023 - 12:00am

Economists believe the inflation downtrend will give the Bangko Sentral ng Pilipinas more space for a longer pause that may see key policy rates on hold until next year.

BSP shuts down rural bank in Pangasinan

by Lawrence Agcaoili - June 6, 2023 - 12:00am

The Bangko Sentral ng Pilipinas has closed down another problematic rural bank, bringing to five the number of institutions shuttered this year as it continues to weed out weak players in the industry.

Independence commemorative coins unveiled

by Lawrence Agcaoili - June 6, 2023 - 12:00am

The Philippines is now at the forefront of technological advancement, President Marcos said yesterday, even as he committed to invest in innovations to improve the country’s competitiveness.

BPI eyes $150 million syndicated loan

by Lawrence Agcaoili - June 5, 2023 - 12:00am

Ayala-led Bank of the Philippine Islands is eyeing at least $150 million through a syndicated loan to partially finance its maturing foreign obligations this year and next year.

Inflation further cooled in May

by Lawrence Agcaoili - June 5, 2023 - 12:00am

Economists believe inflation further cooled for the fourth straight month in May from an eight-month low of 6.6 percent in April, giving monetary authorities more space to keep interest rates steady.

Home Credit sees further growth in Philippines

by Lawrence Agcaoili - June 4, 2023 - 12:00am

Home Credit is further growing its consumer finance portfolio in the Philippines as it synergizes with new shareholders Bank of Ayudhya (Krungsri) of Thailand and the Mitsubishi UFJ Financial Group of Japan.

Manila office rent 3rd highest in Southeast Asia

by Lawrence Agcaoili - June 4, 2023 - 12:00am

Manila has emerged as the third most expensive when it comes to post-pandemic office in Southeast Asia, according to Cushman & Wakefield’s 2023 Asia Pacific Office Fit Out Cost Guide.

RCBC credit card billings jump 67% in Q1

by Lawrence Agcaoili - June 4, 2023 - 12:00am

Billings of the credit card business of Yuchengco-led Rizal Commercial Banking Corp. (RCBC) jumped by 66.8 percent in the first quarter, faster than the average industry growth of 46.9 percent, despite the aggressive...

Aboitiz fintech boosts up financing arsenal for MSMEs

by Lawrence Agcaoili - June 3, 2023 - 12:00am

The fintech and open finance platform of the Aboitiz Group has entered into a strategic partnership with UNO Digital Bank to make credit more accessible to micro, small and medium enterprises nationwide.

BSP tightens grip on money supply

by Lawrence Agcaoili - June 3, 2023 - 12:00am

The Bangko Sentral ng Pilipinas is taking a tighter grip on the supply of money circulating in the financial system to manage inflation by expanding the tenor of securities used to siphon off excess liquidity.

Veterans Bank eyes P4.4 billion from war vets, AFP retirees

by Lawrence Agcaoili - June 2, 2023 - 12:00am

Philippine Veterans Bank is raising P4.4B from various new veterans and retiree groups to further strengthen the bank’s core businesses.

Credit growth slows to single-digit level in April

by Lawrence Agcaoili - June 2, 2023 - 12:00am

Philippine banks booked a single-digit credit growth for the first time in 12 months as the increase in loan disbursements slowed to 9.7 percent in April from 10.2 percent in March, according to the Bangko Sentral...

Peso seen to weaken further this month

by Lawrence Agcaoili - June 2, 2023 - 12:00am

The weak run of the peso is seen to extend, slumping to 57 to $1 this month on the back of seasonal headwinds as well as the focus on the next move of the US Federal Reserve.

Inflation likely slipped to 5.8-6.6% in May

by Lawrence Agcaoili - June 1, 2023 - 12:00am

Inflation likely eased further and settled within the 5.8 to 6.6 percent range in May due to the series of rollbacks in fuel prices, according to the Bangko Sentral ng Pilipinas.

GCG pushes charter change to strengthen mandate

by Lawrence Agcaoili - May 31, 2023 - 12:00am

The Governance Commission for Government-Owned or Controlled Corporations is pushing for a stronger mandate to efficiently operate as a regulatory body.

Banks told to strictly perform customer due diligence

by Lawrence Agcaoili - May 31, 2023 - 12:00am

The Bangko Sentral ng Pilipinas has reminded banks and financial institutions to strictly perform customer due diligence amid the rising incidents of fraud and scams.

BSP shuts down rural bank in Southern Leyte

by Lawrence Agcaoili - May 31, 2023 - 12:00am

The Bangko Sentral ng Pilipinas has closed down another problematic rural bank, bringing to four the number of institutions shuttered this year as it continues to weed out weak players in the industry.

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