trending Market Intelligence /marketintelligence/en/news-insights/trending/31vN3V108Usdct-iEhYKeQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Land Bank of the Philippines' plan to buy PDS Holdings stake hits roadblock

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible

Land Bank of the Philippines' plan to buy PDS Holdings stake hits roadblock

Land Bank of the Philippines' plan to acquire up to a 49% stake in bond market platform Philippine Dealing System Holdings Corp., or PDS, stalled due to its failure to obtain regulatory approvals, The Philippine Daily Inquirer reported Jan. 3.

Land Bank CEO Cecilia Borromeo did not disclose a new timetable for the proposed acquisition, saying it would depend "on the timing of the regulatory approvals." Borromeo had said in November 2019 that she expected the deal to be completed before the end of 2019, pending regulatory approval. The CEO declined to say which regulatory agency has yet to sign off on the deal.

The bank was seeking to secure a maximum stake of 49% in PDS as it did not want the platform to become a government-owned or controlled operation. It currently owns 1.56% of PDS through the Bankers Association of the Philippines.

As of Jan. 2, US$1 was equivalent to 50.74 Philippine pesos.