The existence of the Far East Bank and Trust Company – FEBTC or Far East Bank depending on the era – may already be a distant memory. But let's look back on the history of what used to be one of the country's premier financial private institutions which in 1999-2000 merged with the Bank of the Philippine Islands in a mega deal.
The Bangko Sentral ng Pilipinas (BSP) is expected to maintain a cautious approach to monetary policy, likely keeping key interest rates steady through the first half of the year before possible rate reductions of around 50 basis points in the second semester, according to Bank of the Philippine Islands (BPI)