Bank of the Philippine Islands

It's figuring out what will work for you, what will give you a lot of peace, what will give you a lot of peace of mind, what will help you sleep better at night, and... making decisions according to that.

And of course, fix number three, plan for the what-ifs with BPI AIA.

You know, if we're honest, a lot of our financial anxiety isn't really about today.

It's about the unexpected in the future.

Jumbo rate hike likely.

Bank of the Philippine Islands, BPI, lead economist Emilio Neri Jr. said the recent peso weakness, which hit P63.06 on Thursday, could strengthen the case for additional rate hike this week and in December meeting.

The magnitude of the rate hike next week will likely depend on the behavior of the peso in the coming days, Neri said.

If the peso depreciates further and moves closer to 64, the BSP may consider a 50 basis point hike on Thursday, he added.

Drug list

... bank account of BPI in 2016 when-

Trillanes

...

Prosecutors also showed the couple had an ending balance of P59.02 million in 2022 and P71.38 million in 2023, but declared 0.00 in the designated cash in bank/cash on hand fields on their joint SALN for both years.

Time deposit during Tuesday's proceedings, an official from the Bank of the Philippine Islands, BPI, said the vice president and her father, former President Rodrigo Duterte, jointly held a P40.65 million time deposit that grew to P41.72 million before being converted into a manager's check.

BPI Senior Vice President and Central Metro Manila Division Head Marwin Galvez testified that the time deposit was opened under the names of Sara and Rodrigo Duterte on January 22nd, 2010, at BPI's Julia Vargas branch.

The deposit was rolled over 12 times and reached P41,721,035.42, including interest, when it was last renewed on February 11th, 2011, Galvez said.

A manager's check for the same amount was issued on March 9th, 2011.

An October 2011 credit and debit memo later showed the check as unutilized based on BPI records presented in court.

Private prosecutor James Brian Ibrahim Ali said the transaction was part of a broader pattern involving the P41.72 million manager's check and a separate P55 million time deposit that was also converted into a manager's check during the same period.

"The manager's check that is being rolled over does not appear in the year-end balance because it is floating," Ali said.

The banking cluster is dense here.

Metrobank, PNB, BPI, all of them lined up like soldiers.

I pass them all.

I am looking for something simpler, something cheap.

I walk down Don Pedro Street, passing the cluster of banks and shops.

Metrobank, PNB, BPI, they are all close together in this dense little barangay.

It is the commercial heart of Coron town proper.

I flag down a tricycle.

up.

The current CEO of BPI.

Yeah.

I didn't know that.

For GCash, obviously, I don't think they were too happy about that.

So I think that is one important thing which happened in 2023.

So now you can go to a merchant and you can pull out your Maya or you can use your BPI app.

You scan it, you pay.

Don Pedro Street is lined with banks and shops.

Metrobank, PNB, BPI.

All the big names.

But the real economy happens in the stalls.

These investors include Capital Research and Management Company, Citadel Multi-Strategy Equities Master Fund, HSBC Global Asset Management, the International Finance Corporation and Lizard Asset Management.

Local investors include Atrium Trust, BPI Asset Management and Trust and China Bank Capital.

A separate founding noted that Mint will hold an investor briefing in Makanti City on the 6th of October and it is scheduled to begin trading on the local boss on the 20th of October.

And that's your business report.