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The Financial District
May 19, 20201 min read
WARREN BUFFETT SLASHES GOLDMAN SACHS STAKE BY 84%
Berkshire Hathaway, Warren Buffett’s investment firm, has dumped 84% of its holdings in Goldman Sachs and got out of Phillips 66 and Travele
The Financial District
May 19, 20201 min read
FED BUYS $305-M CORPORATE DEBT ETFs
The Federal Reserve's latest corporate-credit facility took in $305 million worth of exchange-traded funds (ETFs) on the first day of its op
The Financial District
May 19, 20201 min read
GERMANY’S PLUNGING INTO RECESSION DRAGS OTHER EU COUNTRIES
The German economy, the biggest in the European Union (EU) contracted by 2.2% in the first quarter of this year, the biggest contraction sin
The Financial District
May 18, 20201 min read
EASTWEST BANK POSTS 75% HIKE IN EARNINGS
EastWest Bank (EW) has posted a 75 % increase in its net income to P2.3 billion for the first quarter of the year on better margins from i
The Financial District
May 18, 20202 min read
LGU LOCAL TREASURERS URGED TO MONITOR BAYANIHAN GRANTS
Local treasurers of local government units (LGUs) have been asked to monitor the “Bayanihan” grants the government released to each municipa
The Financial District
May 15, 20201 min read
MANULIFE FINANCIAL ISSUING $500 MILLION DEBT NOTES
Listed Manulife Financial Corporation today disclosed to the Philippine Stock Exchange that it is issuing $500 million in debt notes priced
The Financial District
May 15, 20201 min read
FED CHIEF CONTRADICTS TRUMP, PAINTS SUSTAINED RECESSION
The future is bleak for the US economy, contrary to the declarations of US President Trump that the COVID-19 crisis would be followed by an
The Financial District
May 13, 20201 min read
GOVERNMENT REVENUE LOWER BY P560.5 BILLION
Government revenues this year is expected to be lower by P560.5 billion due to the Covid 19 pandemic with revenue collections seen to hit P2
The Financial District
May 13, 20201 min read
BANGKO SENTRAL NG PILIPINAS (BSP) SEES INFLATION TO BE SUBDUED DUE TO DEMAND LACK
The Bangko Sentral ng Pilipinas (BSP) projects the country’s inflation rate for fiscal year 2020 to be subdued and is seen between 1.75 %and
The Financial District
May 11, 20201 min read
COVID 19 PANDEMIC: BSP MOVES TO STABLIZE ECONOMY
The Bangko Sentral ng Pilipinas (BSP) has readied emergency measures to counter the disastrous effects of Covid 19 on the economy by...
The Financial District
May 11, 20201 min read
ASIAN SHARES TRADE HIGHER ON REOPENING NEWS
Asian shares traded higher on Monday, May 11, 2020, as more countries talk of reopening their quarantined economies.
The Financial District
May 11, 20201 min read
THE INTERNATIONAL MONETARY FUND (IMF) PUSHES FOR "GREEN RECOVERY" POST COVID 19 PANDEMIC
The International Monetary Fund (IMF) has sounded the call for a “green recovery” program and address climate change in the post-Covid 19 pa
The Financial District
May 8, 20201 min read
THE BANGKO SENTRAL NG PILIPINAS NOTES $961 MILLION OUTFLOW
The Bangko Sentral ng Pilipinas reported a net outflow of $961 million for the month of March which it attributed to the general risk sentim
The Financial District
May 7, 20201 min read
THAI AIRWAYS GETS BRIDGE LOAN
Thai Airways is set to get funding support from the Public Debt Management Office amounting to 54 billion Thai baht but with a warning for t
The Financial District
Apr 23, 20202 min read
MSME LOANS NOW ELIGIBLE AS BANK RESERVES IN PRECEDENT-SETTING MOVE
The Monetary Board, policy making body of the Bangko Sentral ng Pilipinas (BSP) has come up with a precedent-setting move that allowed banks
The Financial District
Apr 10, 20202 min read
COVID 19 PANDEMIC: INTERNATIONAL MONETARY FUND (IMF) SEES $1 TRILLION NOT ENOUGH
The International Monetary Fund (IMF) has painted a grim economic scenario arising from the Covid 19 pandemic where even its lending capacit
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