Today Online News..

For Philippine banks
Reforms to the Philippine banking system undertaken since the Asian currency crisis have helped to improve the regulatory and supervisory system, but confidence would be further enhanced by greater transparency, formalization of procedures and institutionalization of reforms, Moody’s Investors Service said in its latest report.

BSP sets up intra-day liquidity facility
To help banks and non-banks maintain liquid positions, the Bangko Sentral ng Pilipinas (BSP) has set up its own intra-day liquidity facility (ILF) to ensure inter-bank transactions through real-time settlement systems are running smoothly.

PSE, SGX infuse P200 M in PDEx
The Philippine Stock Exchange (PSE) and its regional counterpart, Singapore Exchange Ltd. (SGX), have pumped-in close to P200-million fresh capital into the dwindling bottomline of Philippine Dealing and Exchange Corporation (PDEx).

P1.9-B coco fertilization program set
A three million metric ton (MT) mark in coconut production is targetted to be hit by the government in three years through a P1.89 billion salt fertilization found to be more cost-effective than chemical fertilization.

Metro Pacific Investments turns around with P195-M net profit
Metro Pacific Investments Corporation reported a turn-around in its operations last year with core net income reaching P194.9 million in 2007 compared with a core net loss of P25.4 million in the previous year.


source: mbonline.com