Union Bank of the Philippines’ planned P12 billion stock rights offering will be priced within the range of P54.48 to P58.38 per share although the entitlement ratio is yet to be set. In a disclosure to the Philippine Stock Exchange, the bank said it is planning to offer up to 220.26 million...
Philippine National Bank (PSE: PNB) has nominated Felix Enrico R. Alfiler as the bank’s 15th board member effective December 29, 2022. “Director Alfiler is a seasoned banker and his experience in finance and the economy will bring additional depth to our board,” said PNB Chairman Federico C....
The Civil Aviation Authority of the Philippines (CAAP) alerted all airmen on Friday, Dec. 30, against possible debris hit from a rocket that was launched by China. Rocket debris believed to be from China’s Long March 5B (CZ-5B) booster rocket were found by fishermen near the Mindoro Strait, the...
The Development Bank of the Philippines (DBP) granted a P254-million loan to renewable energy firm Upgrade Energy Philippines, Inc. (UEP) to spur investments in the sector amidst rising demand. UEP, an engineering, procurement and construction contractor, offers renewable energy and energy...
Given suboptimal performance and persisting inequitable access, the Philippine education system needs swift action to address the current education crisis, state think tank Philippine Institute for Development Studies (PIDS) emphasized. A study “Philippine Education: Situationer, Challenges, and...
CBS China Bank Savings, the retail lending arm of China Banking Corporation, is now one of the few Philippine thrift banks that boast of a digital on boarding app. This comes after the bank rolled out CBS GO, its mobile app to boost financial inclusion and speed up the shift to a cash-lite economy....
A special stockholders' meeting of the Bank of the Philippine Islands (BPI) is set to happen on January 17, 2023 at 9:00 A.M . The remote meeting will be done via website link http://www.ayalagroupshareholders.com/ . A copy of the official announcement published in Manila Bulletin broadsheet is...
President Ferdinand "Bongbong" Marcos Jr. has named former Supreme Court (SC) associate justice Dante Osorio Tiñga as the new acting chairman of the Development Bank of the Philippines (DBP), Malacañang confirmed. (Photo from Rica Tinga/Facebook) Office of the Press Secretary (OPS)...
Bank of the Philippine Islands (BPI) will conduct a special virtual meeting of stockholders via http://www.ayalagroupshareholders.com/  on Tuesday, January 17, 2023 at 9:00 A.M. A copy of the official announcement published in Manila Bulletin broadsheet is shown below:
Four more government financial institutions (GFIs) have signed up in the national housing program of the Marcos administration, the Department of Human Settlements and Urban Development (DHSUD) disclosed on Thursday, Dec. 22. DHSUD Secretary Jose Rizalino Acuzar said he already signed an agreement...
Officials of the Bureau of Customs Project Management Unit (BOC-PMU) met with representatives of the World Bank and discussed matters to further improve the services especially at the Manila International Container Port (MICP). In a statement, the BOC said World Bank representatives led by...
The Securities and Exchange Commission has confirmed that the Bank of the Philippine Islands’ P5-billion 1.5-year Peso Fixed-Rate Bonds due 2024 called BPI Reinforcing Inclusive Support for MSMEs Bonds (BPI RISE Bonds) has qualified as ASEAN Social Bonds. The bank said in a disclosure to the...
