State-run Land Bank of the Philippines (Landbank) has cut its InstaPay transfer fee for person-to-person (P2P) transactions to ₱8 from ₱15 as it moves to lower the cost of everyday digital banking and expand access to cashless financial services. Taking effect on Thursday, May 21, the new fee...
State-run Maharlika Investment Corp. (MIC), which manages the country’s first sovereign wealth fund (SWF), grew its total comprehensive income by 2.3 percent to ₱2.74 billion last year from ₱2.68 billion in 2024 as business income rose despite higher expenses. Based on MIC’s latest...
State-lender Land Bank of the Philippines (LBP) is expanding its response to the energy crisis through a coordinated package of fuel subsidies, commuter rebates, and low-interest loans, aiming to shield the transport and agriculture sectors from volatile global prices. Landbank said in a statement...
Dividend remittances of government-owned and/or -controlled corporations (GOCCs) fell 17.2 percent to ₱114.6 billion in 2025, driven by a sharp contraction in the Bangko Sentral ng Pilipinas’ (BSP) remittance after leading in two consecutive years. The latest data from the Bureau of the...
Ayala Land Offices Inc., the office development arm of property giant Ayala Land Inc., has secured a five-year lease agreement with state-run Land Bank of the Philippines for a sprawling office facility at the Ayala Malls Manila Bay Corporate Center. The transaction expands the footprint of Ayala...
State-run Land Bank of the Philippines (Landbank) has agreed to sell its 2.15-percent stake in Philippine Dealing System Holdings Corp. (PDSHC) to the Philippine Stock Exchange (PSE), allowing the bourse to increase its stake to 80.48 percent. The PSE disclosed that it has entered into a share...
Digital transactions coursed through Land Bank of the Philippines (Landbank) exceeded ₱3 trillion in value in the first nine months of the year, rising from ₱2.31 trillion in the same period last year. Data from the state-run bank showed that the ₱3.14 trillion in digital transactions...
Diversified conglomerate San Miguel Corp. (SMC) leads the nine Filipino companies included in Forbes Magazine’s World’s Best Employers list this year, which consisted of 900 companies. SMC was ranked at No. 42, the only Philippine company in the top 100, followed by Ayala Corp. (139),...
Five Filipina chief executives in financial services and real estate were named in Fortune Magazine’s 100 Most Powerful Women in Asia list for 2025. Named to the list are: Martha Sazon of Mynt-Gcash (#37), Anna Ma. Margarita Bautista Dy of Ayala Land Inc. (#69), Lynette V. Ortiz of Land Bank of...
Lanao del Sur 1st district Rep. Zia Alonto Adiong (Ellson Quismorio/ MANILA BULLETIN) Lanao del Sur 1st district Rep. Zia Alonto Adiong has raised concerns over the questionable use of funds from the Office of the Chief Minister (OCM) of the...
The Department of Energy (DOE) along with the Landbank of the Philippines have inked a deal that allows the efficient use of funds that would support host communities, specifically those under the Energy Regulations 1-94 (ER 1-94) Program. The ER 1-94 was made to ensure communities get a reasonable...
President Marcos has approved the merger of the United Coconut Planters Bank Leasing and Finance Corporation (ULFC) ) and Land Bank of the Philippines Leasing and Finance Corporation (LLFC). Marcos made the approval through Executive Order No. 65 dated Aug. 6. The merger has LLFC as the surviving...
