SPEAKING OUT Ignacio R. Bunye At 171 years and counting, Bank of the Philippine Islands (BPI) - the country’s and Asia’s first bank – continues to lead in the banking and financial industry. BPI is marking this milestone with an anniversary mass this morning to be officiated by the Most Rev....
Bank of Commerce (BankCom), the banking arm of San Miguel Corporation, has raised P7.5 billion from its maiden issuance of P7.5 billion 2-year Series A Bonds, 150 percent more than the original target of P3 billion. In a statement, the bank said the aggregate orderbook for the issue exceeded the...
In a day, how many times does an average consumer use a product that comes from a sachet or a plastic wrapper? Food, beverage, cookies, cooking ingredients, shampoo, liquid soap come in sachets. Numerous personal items are packaged in plastic –razor, hair brush, cosmetics, hygiene care products,...
Union Bank of the Philippines reported a 27 percent drop in net income to P6.1 billion for the first six months of 2022 due to extraordinary trading gains recorded in the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said its net revenues, excluding trading...
From left: CPF Philippines Vice President, Phaisarn Rewriab; CPF Philippines Chief Finance Officer, Supakitti Bunvet; CPF Philippines President, Udomsak Aksornphakdee; DBP Senior Vice President, Carolyn I. Olfindo; and DBP Assistant Vice President, Rallen O. Verdadero. State-owned Development Bank...
China Banking Corporation reported a 39 percent jump in net profit to P10.1 billion in the first six months of 2022 from the P7.3 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said earnings growth was driven mainly by higher net interest...
Bank of the Philippine Islands (BPI), through its wholly-owned subsidiary BPI Investment Management, Inc. (BIMI), is launching by mid-August 2022 the ALFM Real Estate Income Fund or ALFM REIF which will be worth up to P1 trillion. BIMI said that this is will be the first mutual fund in the country...
The Philippine Red Cross (PRC) immediately sent eight bags of blood to the Quirino Memorial Medical Center where a survivor of the Ateneo de Manila University shooting incident is being treated. (PHILIPPINE RED CROSS FACEBOOK) “With the direction of Chairman and CEO Richard Gordon, the Philippine...
BPI and Ayala Foundation, Inc. invites everyone to join its donation campaign for the arts There are many ways one can immerse themselves in arts. But when it comes to learning a nation’s culture and heritage, among the best ways to do it is by visiting exhibits and museums. Being one of the top...
The Development Bank of the Philippines (DBP) is funding Kiangan Mini Hydro Corporation (KMHC)'s P2.6-billion consolidation of three river systems into two renewable power projects in Ifugao. “DBP’s credit support to the Asin-Hungduan and Ibulao1 Mini Hydropower Projects demonstrates our...
Bank of the Philippine Islands, the financial services arm of the Ayala Group, reported a 73 percent jump in net income to P20.4 billion in the first half of 2022 on the back of higher revenues and lower provisions. In a disclosure to the Philippine Stock Exchange, the bank said this result is...
Asian Development Bank (ADB) expects the Philippine economy to grow at a much faster pace this year despite accelerating consumer prices. In the Asian Development Outlook 2022 Supplement report released on Thursday, July 21, the Manila-based multilateral institution raised its gross domestic...
