The private sector welcomed the recent implementation of Department of Agriculture (DA) Administrative Order (AO) No. 11-2021, saying the order waiving pesticide residue analysis fees is a big help to thousands of struggling farmers, exporters and micro, small and medium enterprises (MSMEs). In an...
SPEAKING OUT Ignacio R. Bunye A new face, but a familiar one. Last April 22, the Bank of the Philippine Islands (BPI) welcomed Jose Teodoro “TG” Limcaoco as its new president and CEO. The new chief is no stranger to the bank. Prior to his new role in BPI, TG Limcaoco served as Ayala’s chief...
The Philippine Stock Exchange has invited top executives of publicly-listed firms to talk about their successful initial public offering (IPO) journey and share with potential listing applicants the benefits their companies enjoy from going public. The PSE said these executives will be part of a...
The reins of Ayala Corporation have been passed on to a new Zobel but the firm continues to look for fresh opportunities as it is cautiously optimistic about its post-COVID prospects. “We are cautiously optimistic about the business environment and will continue to prepare for a post-...
Two of the country’s big banks BDO Unibank Inc. and Bank of the Philippine Islands (BPI) are currently looking into acquiring Citi Philippines’ retail business after its parent global company, US-based Citibank N.A., announced its planned exit. BDO president and CEO Nestor V. Tan said...
Ayala-led Bank of the Philippine Islands (BPI) will spend P10-11 billion this year as information technology (IT) and cybersecurity investments, more than it has been paying for digitalization in the last five years. The big bank’s newly-minted president and CEO, Jose Teodoro “TG” Limcaoco, a...
Users can now make instant cash-ins to their GrabPay wallet for free by linking it to their bank accounts (Banco de Oro (BDO), Bank of the Philippine Islands (BPI) and Unionbank) or visiting the nearest SM mall or 7-Eleven store. “Our partnership with three of the biggest banks and leading...
SPEAKING OUT Ignacio R. Bunye On April 22, Bank of the Philippine Islands (BPI) will have a changing of the guard. Cezar “Bong” P. Consing will step down as president in favor of Jose Teodoro “TG” Limcaoco, another stalwart of the BPI/Ayala group. Consing will remain as a director and...
BPI Family Savings Bank (BFSB), the consumer and retail banking arm of the Bank of the Philippine Islands (BPI), was assigned the highest issuer rating of PRS Aaa (corp.) with a stable outlook. Philippine Rating Services Corporation (PhilRatings) said a company rated “PRS Aaa” has a very strong...
State-run Social Security System (SSS) has tapped the Bank of the Philippine Islands (BPI) as a new payment channel for members to pay their contributions through the pension fund’s mobile app conveniently. In a statement, Aurora C. Ignacio, SSS president and chief executive, said individual...
Slows down branch expansion BPI Direct BanKo (BanKo), the savings bank subsidiary of Bank of the Philippine Islands (BPI) specializing in micro enterprises financing for as low as P25,000 up to P150,000 collateral-free, is targeting the grant of P7 billion micro loans this year to help micro...
Cebu Air, Inc. (CEB) today ( March 5) signed a P16 billion ten-year term loan facility with a syndicate of domestic banks. The airline's lenders include the Development Bank of the Philippines (DBP) and Land Bank of the Philippines (LBP), along with Asia United Bank Corporation (AUB), Bank of the...
