Gotianun-led East West Banking Corp. is targeting to sustain its double-digit income growth this year as it expects higher consumer loan demand, according to its top official.
The stock market plunged deeper in the red, falling back to the 6,400 level due to economic concerns, while the peso weakened to near all-time low against the dollar.
The Philippine Stock Exchange (PSE) said there are 1.91 million accounts trading company shares listed in the local stock market as of the end of last year.
The Bangko Sentral ng Pilipinas expects electricity rates to increase further as around P15.77 billion worth of power generation cost may be passed on to consumers over the next three years.
The national government will attempt to borrow P180 billion from the domestic debt market in June, lower by P30 billion than the P210 billion programmed for May. The Bureau of the Treasury (BTr) will hold an auction to raise P180 billion through the sale of Treasury bonds (T-bonds) and another…