The Department of Environment and Natural Resources (DENR) is set to start the accounting and mapping of the Philippine's natural resources as part of the efforts to come up with a reliable and accessible localized data in the country's fight against climate change. DENR Secretary Maria Antonia...
Philippine National Bank reported a 53 percent drop in net income to P11.4 billion for the first nine months of 2022 from P24.25 billion in the same period last year due to substantial one-time gains in 2021. In a disclosure to the Philippine Stock Exchange, the bank said gross revenues fell 40...
Philippine Seven Corporation (PSC), the exclusive licensor of convenience store 7-Eleven in the Philippines, announced there are 2,000 7-Eleven stores with ATMs installed boosting its delivery of safe and convenient banking nationwide. Jose Victor Paterno, president and CEO of PSC, said the latest...
Bank of Commerce (BankCom), an affiliate of San Miguel Corporation, more than doubled its net income to P1.49 billion in the third quarter of 2022 from the P626 million it reported in the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said its strong performance...
Security Bank Corporation posted a 77 percent jump in net income to P8.6 billion in the first nine months of 2022 from P4.8 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said the hike in earnings was driven by growth in core businesses, lower...
Security Bank has successfully raised P14.6 billion with the issuance of its Fixed Rate Peso Corporate Bonds at 5.3 percent per annum, with a tenor of 1.5 years due 2024. In a statement, Security Bank said that, due to strong demand for the bonds, it exercised the oversubscription option and...
Climate change in the Philippines will continue and accelerate, which poses major risks for the nation’s long-term development, the World Bank warned. Based on the World Bank’s report on Wednesday, Nov. 9, climate change could hamper the country’s ambition of becoming a high-income country by...
The prolonged pandemic has set back the fight against poverty in Asia and the Pacific by at least two years, saying the region will likely find it harder than before to escape poverty, a report by the Asian Development Bank (ADB) revealed. According to ADB’s Key Indicators for Asia and the...
The Federation of Free Farmers (FFF) asked President and concurrent Agriculture Secretary Ferdinand R. Marcos, Jr. to order Land Bank of the Philippines (LBP) to release P1 billion from the Rice Farmers Financial Assistance (RFFA) program to rice farmers. In a statement, FFF said the amount should...
Metropolitan Bank & Trust Co. (Metrobank) was named by LinkedIn this year as the best bank for job seekers aiming to enter the banking and finance industry. The Bank secured the fourth spot among all Philippine employers in LinkedIn’s recently released 2022 Top Companies List for the...
MARAWI CITY – The Amai Pakpak Medical Center (APMC) and Eye Bank Foundation of the Philippines signed a memorandum of agreement for the establishment of a cornea retrieval center Wednesday, Aug. 17. HOSPITAL and Eye Bank officials at the signing of the agreement. (Bonita L. Ermac) The center at...
Security Bank Corporation doubled its net income to P6.2 billion in the first half of 2022, driven by growth in core businesses, lower credit provisions and normalized income tax provisions. “We are very pleased by the continued improvement in our core businesses. Our growth in loans and...
