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...
The total assets of the domestic banking system went up by 12.43 percent to P25.622 trillion as of end-May from P22.788 trillion same period in 2023, based on Bangko Sentral ng Pilipinas' (BSP) latest data. Banking assets are boosted by deposits, loans and investments. Total assets refer to...
Aiming for a green energy future is one thing, but financing these projects is another. Three top banks explained to stakeholders the possible challenges new developers may face when it comes to financing their renewable energy (RE) projects. In a panel discussion during the Solar & Storage...
Consumers will still feel the deepest financial pain triggered by surging electricity rates due to simultaneous plant outages in the past two weeks, but the Department of Energy (DOE) is urging the distribution utilities (DUs) to tap palliative interest-bearing loan from the Land Bank of the...
LANDBANK, OFBank, DMW to speed up OFW claims from 2015 Displaced Overseas Filipino Workers (OFWs) will hopefully receive the long-delayed payment of indemnity claims due to the bankruptcies of Saudi Arabian construction companies way back in 2015 and 2016. In a statement, the Land Bank of the...
The Bureau of the Treasury is set to disburse the P75 billion seed capital to the Maharlika Investment Corp. (MIC) sourced from the Land Bank of the Philippines and the Development Bank of the Philippines (DBP). This decision comes following the approval by the MIC Board, chaired by Finance...
Razon-led Manila Water Co. Inc. has secured a term loan facility from the state-lender Land Bank of the Philippines (Landbank) to support its capital expenditures (CAPEX). In a disclosure to the Philippine Stock Exchange on Wednesday, Dec. 20, Manila Water said the utility signed a P7 billion loan...
Three state-run banks and insurance corporations received the highest ratings for corporate governance in 2022 from the Governance Commission of GOCCs (GCG). During the Government-owned and Controlled Corporations (GOCC) governance awards on Monday, Nov. 20, the Land Bank of the Philippines...
To enhance investment returns, the Social Security System (SSS) has tapped two government-owned banks to serve as its local fund managers for the next three-year period. Rolando Ledesma Macasaet, SSS president and chief executive officer said, the pension fund has allocated P2 billion in...
