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Keisha Ta-Asan
Keisha Ta-Asan
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DBP charter amendments unlikely to impact its ratings – Fitch
by Keisha Ta-Asan - January 22, 2025 - 12:00am
The proposed amendments to the charter of the Development Bank of the Philippines, allowing partial privatization through a stake sale, will unlikely to affect its credit rating, according to Fitch Ratings.
BOP surplus plunges to $609 million in 2024
by Keisha Ta-Asan - January 22, 2025 - 12:00am
The country’s balance of payments surplus plunged to $609 million in 2024, a sharp 83.4-percent decline from the $3.67 billion excess recorded the previous year and falling significantly short of the $3.5-billion...
Asialink Group targets P2.2 billion income this year
by Keisha Ta-Asan - January 22, 2025 - 12:00am
The Asialink Group of Companies is targeting a net income of at least P2.2 billion this year as it banks on robust economic growth, expanded product offerings and significant branch expansion.
Philippines eyes $3.5 billion from global bond sales
by Keisha Ta-Asan - January 22, 2025 - 12:00am
The Philippines is looking to raise $3.5 billion this year through the issuance of global bonds, predominantly in dollars, as the country continues to balance its borrowing strategy between international markets...
RCBC to issue dollar bonds
by Keisha Ta-Asan - January 21, 2025 - 12:00am
Yuchengco-led Rizal Commercial Banking Corp. (RCBC) is returning to the offshore debt market via the issuance of benchmark-sized dollar senior unsecured sustainability bonds as part of its $4 billion medium term...
IMF sees 6.3 percent growth for Philippines in 2026
by Keisha Ta-Asan - January 21, 2025 - 12:00am
The International Monetary Fund (IMF) forecasts robust economic growth for the Philippines as it sees a 6.3 percent expansion for the country in 2026, settling within the government’s six to eight percent target...
Citi bullish on Philippine economy, banking sector
by Keisha Ta-Asan - January 21, 2025 - 12:00am
Global financial giant Citi remains optimistic about the Philippine economy, projecting robust growth and highlighting the country’s strong banking sector as well as competitive advantages in outsourcing.
Debt service burden rises 20 percent to $14.5 billion
by Keisha Ta-Asan - January 20, 2025 - 12:00am
The country’s external debt service burden increased in the 10 months to October 2024 as foreign debt hit an all-time high of $139.64 billion in the third quarter, the Bangko Sentral ng Pilipinas (BSP) sa...
Philippines to adjust borrowing strategy amid global rates uncertainties
by Keisha Ta-Asan - January 20, 2025 - 12:00am
The Philippine government is bracing for higher borrowing costs this year as global interest rates will likely remain elevated, with the US Federal Reserve expected to slow its pace of rate cuts.
Maya disburses P92 billion in loans
by Keisha Ta-Asan - January 16, 2025 - 12:00am
Digital lender Maya Bank has disbursed over P92 billion in loans since its launch in 2022, driven by innovative integration of banking and payments, advanced technology and a customer-centric approach.
UBS retains securities, investment arms in Philippines
by Keisha Ta-Asan - January 16, 2025 - 12:00am
While it has closed its representative office in the Philippines, UBS AG said that it would continue to operate in the country through its two licensed entities – UBS Securities Philippines and UBS Investments...
DOF resolves issues on tax shares of LGUs
by Keisha Ta-Asan - January 16, 2025 - 12:00am
In a dialogue with city mayors yesterday, Finance Secretary Ralph Recto addressed concerns on the computation of national tax allotment shares for local government units.
Banks’ bad loans ratio eases to 3.5%
by Keisha Ta-Asan - January 16, 2025 - 12:00am
The asset quality of the Philippine banking industry continued to improve as the non-performing loan ratio of banks declined to a two-month low of 3.54 percent in November last year from 3.6 percent a month ag...
Remittances sink to six-month low
by Keisha Ta-Asan - January 16, 2025 - 12:00am
Money sent home by Filipinos abroad amounted to $3.12 billion in November last year, the lowest level in six months despite the holiday season, according to the Bangko Sentral ng Pilipinas.
UBS shuts down representative office in Philippines
by Keisha Ta-Asan - January 15, 2025 - 12:00am
Swiss banking giant UBS AG has officially closed its representative office in the Philippines, the Bangko Sentral ng Pilipinas (BSP) announced.
‘Peso may breach 60:$1 threshold’
by Keisha Ta-Asan - January 15, 2025 - 12:00am
The peso may breach the critical 60 to $1 threshold if the policies of Donald Trump when he assumes the US presidency surprise global markets, according to BMI Country Risk & Industry Research.
BIR surpasses collection target, 1st time in 20 years
by Keisha Ta-Asan - January 15, 2025 - 12:00am
The Bureau of Internal Revenue has achieved a landmark success by surpassing its P2.85-trillion collection target for 2024, a goal set by the Development Budget Coordination Committee in March last year.
DOF assures transparency in LGU tax allotments
by Keisha Ta-Asan - January 14, 2025 - 12:00am
The Department of Finance has reaffirmed its commitment to transparency and adherence to the Supreme Court’s Mandanas-Garcia ruling in determining the national tax allotmentshares for local government uni...
BPI sees robust growth this year
by Keisha Ta-Asan - January 14, 2025 - 12:00am
Ayala-led Bank of the Philippine Islands expects a stronger revenue performance in 2025, with a budget targeting double-digit growth, driven by robust economic prospects and strategic investments.
Landbank eyes fresh funds via debt market
by Keisha Ta-Asan - January 14, 2025 - 12:00am
State-run Land Bank of the Philippines is preparing to access the debt markets to raise at least P10 billion this year via the issuance of bonds, expanding its green and sustainability portfolios, its top official...
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