BDO posts P3.2-B profit in first half.
Byline: FIL C. SIONIL Banco de Oro-EPCI Bank, Inc., the merged bank that will henceforth be known, simply as BDO, posted a 25 percent increase in its consolidated net profit to P3.18 billion for the first semester, nearly 45 percent of its P7 billion goal for the...

P/$ rate closes at P40.74/$ 1.
The peso exchange rate closed higher at P40.74 to the US dollar yesterday at the Philippine Dealing & Exchange Corp. (PDEx) from P40.90 the previous day. The weighted average rate depreciated to P40.814 from P40.802. Total volume amounted to $ 809 million. 4-yr T-bond bids rejected ...

BUSINESS BEAT.
Byline: The Register-Guard People Lisa Walters has been named manager of Liberty Bank's new Coburg Road office in Eugene, overseeing all aspects of office operations, including consumer lending, checking and savings deposit growth and customer service. Nancy Billington has joined Goldworks Jewelry Art...

Asians fall into credit card trap.
GENEVA, June 11, 2007 (AFP) -- Consumer credit card lending in fast-growing Asian economies in recent years has been marked by sharp boom and bust cycles that can jeopardize financial stability, a report by the Bank for International Settlements said Monday. The use of credit cards in...

The hidden life of consumer bankruptcy reform: danger signs for the new U.S. law from unexpected parallels in the Netherlands.
ABSTRACT This Article offers a unique perspective on the heavily revised U.S. consumer bankruptcy law, which went effect on October 17, 2005, in light of a surprising discovery: It turns out that the U.S. consumer bankruptcy system as "reformed" resembles in many critical respects the consumer bankruptcy...

Goldman Sachs cites RP fiscal gains; Neri lauds assessment on economic performance.
Byline: EDU H. LOPEZ Socioeconomic Planning Secretary Romulo L. Neri has lauded the recognition of a reputable international investment firm of the government's efforts to bring about economic growth. "We are happy that international investment firms like Goldman Sachs are giving us positive feedback on...

BPI launches products for OFWs.
Byline: FIL C. SIONIL In a move to widen its market share in remittance operations, the Bank of the Philippine Islands (BPI) yesterday unveiled a package of financial products geared towards capturing more remittance business. Introduced was the BPInoy Remittance, an online, real-time remittance service...

UCPB earmarks P800 M for mortgage-based SME loan facility.
Byline: FIL C. SIONIL In anticipation of an increase in loan availments, United Coconut Planters Bank (UCPB) has set aside some P800 million for its new mortgage-based facility, particularly packaged for small and medium-sized enterprises (SMEs). According to UCPB First Vice President David C. Mercado,...

P/$ rate closes at P50.185 to $ 1.
The peso rate closed lower at P50.185 to the US dollar yesterday at the Philippine Dealing System of the Bankers Association of the Philippines from P50.12 the previous day. The weighted average rate depreciated to P50.242 from P50.117. Total volume amounted to $ 534.5 million. PLDT to...

P/$ rate closed at P50.26 to $ 1.
The peso rate closed at P50.26 to the US dollar last Friday at the Philippine Dealing System of the Bankers Association of the Philippines. The weighted average rate stands at P50.269. Competitiveness council eyed The National Competitiveness Summit set on September 29 is expected to...