MANILA, Philippines — The peso exchange rate stands at R42.205 to the US dollar, the closing rate on Monday at the Philippine Dealing & Exchange Corp. (PDEx). The weighted average rate stands at R42.229.
B.P.I. Income Doubled In Q1
Bank of the Philippine Islands (BPI) reported a net income of R5.8 billion in first quarter of 2012, significantly higher than the previous year’s R2.8 billion. The bank’s core income was on track with the bank’s projections, and its operating results were enhanced by opportunistic securities trading gains.
It said its core businesses remained strong. Deposits grew by 7% year on year. Lending also sustained its growth, increasing by 20% as lending to all segments continued to be vibrant.
P.W.C. Hosts Seminar On Water
As a side event of the 45th Annual Meeting of the Asian Development Bank (ADB) in Manila from May 2 to 5, PricewaterhouseCoopers (PWC) will sponsor a forum on “Meeting the Water Challenge in Asian Cities –
Up-scaling Successful Practices” at noon on May 2. It will be held at Meeting Room 5, PICC Manila from 12 noon to 1:30 p.m.
Philhealth Acceptable As Official I.D.
The Bangko Sentral ng Pilipinas (BSP) said the PhilHealth card issued by the Philippine Health Insurance Corp. is now recognized as a photo-bearing ID document that can be used or presented when transacting banking activities. “(PhilHealth card) is comparable in quality with those issued by the GSIS, SSS and LTO and eligible to facilitate financial transactions of PhilHealth members,” said BSP Deputy Governor Nestor A. Espenilla Jr. in a memo. (LCC)
P.L.D.T. Opens Subic Data Center
The Philippine Long Distance Telephone Co. (PLDT) started operating its second VITRO data center located in Subic, benefitting Metro Manila and North Luzon-based businesses by providing continuity, data recovery and secure data and information management. VITRO Data Center Subic provides companies with full information management and telecommunication services for co-location, server hosting, disaster recovery and business continuity, data security, network management and other IT services. (EVA)
source: mb.com.ph
