Mon09012014

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BSP rates seen rising to 4.5%

Central banks under the Asean 5, which includes the Philippines, were seen raising interest rates over the next 18 months as local output, measured as the gross domestic product (GDP), kicks up as a consequence of stronger growth across the region, Moody’s Analytics, the research unit of the sovereign credit watcher Moody’s Investors Service, said on Monday.

Read more: BSP rates seen rising to 4.5%

Search begins for new MRT 3 maintenance-service provider

The government is spending billions of pesos for the upkeep of the most congested railway line in the Philippines, a move that is seen to alleviate the problems of the train system.

Read more: Search begins for new MRT 3 maintenance-service provider

GT Capital acquires 40% of TFSPC

GT Capital Holdings Inc. disclosed on Monday that it has executed a pact with Metropolitan Bank & Trust Co. (Metrobank) and Philippine Savings Bank (PSBank) for the acquisition of equities in Toyota Financial Services Philippines Corp. (TFSPC), the leasing and financing company exclusively catering to Toyota vehicles.

Read more: GT Capital acquires 40% of TFSPC

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