Filipinos will repay another World Bank loan until 2053, after the Marcos administration's chief economic manager signed the agreement for the Philippines first energy transition and climate resilience development policy loan (DPL). On behalf of the Philippine government, Finance Secretary Ralph G....
Philippine Trust Company ( PHILTRUST BANK ) will be holding its annual meeting of stockholders on May 27, 2025, Tuesday at 8:00 AM via remote communication. Stockholders who intend to participate in the meeting are requested to notify the Bank and to submit...
GoTyme Bank continues to redefine banking excellence, securing four prestigious awards from Visa in recognition of its remarkable growth and performance. The bank received accolades for Highest Debit Payment Volume Growth, Highest Debit Card Growth, Highest Active Debit Cards Growth, and Highest...
The Marcos administration's chief economic manager has signed another loan agreement with the World Bank, committing to repay the concessional financing until 2053. A World Bank document showed that Finance Secretary Ralph G. Recto, on behalf of the Philippine government, signed the loan agreement...
Metrobank President Fabian S. Dee Metropolitan Bank & Trust Company booked ₱12.3 billion in the first quarter of the year, driven by higher loans and non-interest earnings. In a statement, the bank said earnings improved from ₱12 billion in the first quarter of 2024 as its pre-provision...
Liberalized rice trade in the Philippines not only pulled prices down but also benefited farmers as well as the poor, according to the World Bank. The World Bank deems short-term subsidies—like the so-called "NFA rice" of the past—as ineffective in lifting the food-poor from their plight, as...
Amid escalating global trade uncertainty driven by tariffs, achieving upper-middle-income status may become more challenging for the Philippines in 2025 and 2026, delaying it further to later years, according to a World Bank economist. Gonzalo Varela, World Bank lead economist and program leader...
The Bank of the Philippine Islands, the Ayala Group’s financial services arm, is planning to raise ₱5 billion from a planned offering and issuance Peso-denominated fixed-rate BPI Supporting Inclusion, Nature, and Growth Bonds due 2026 (BPI SINAG Bonds). In a disclosure to the Philippine Stock...
Philippine National Bank posted a consolidated net income of ₱6.1 billion in the first three months of 2025, up by 15 percent against the same period last year due to the increase in its loan portfolio and treasury assets. In a disclosure to the Philippine Stock Exchange, the bank said its core...
The Bangko Sentral ng Pilipinas (BSP) on Sunday, April 28, said it is actively coordinating with CIMB Bank Philippines to address unauthorized fund transfers that have affected certain customers. Citing a statement issued by the digital-only commercial bank last Friday, April 26, CIMB Bank...
The Philippines and many of its Southeast Asian neighbors have been sluggish in tapping renewable energy (RE), according to the Manila-based multilateral lender Asian Development Bank (ADB). "In 2022, renewables—as a share of new power generation capacity installed—exceeded 75 percent in nine...
The Philippine government will shell out $7.4 billion, or about ₱415.9 billion, to co-finance with the World Bank an upcoming program aimed at making domestic agriculture sustainable. An appraisal program information document of the World Bank, dated April 24, said the Department of Agriculture's...
