Philippine Business Bank (PBB) reported a 93.4 percent jump in net income to P310 million in the first quarter of 2022 from P160 million in the same period last year as core income grew to P732.3 million from P725.2 million. In a disclosure to the Philippine Stock Exchange, the bank said its net...
For building a more secure ecosystem for consumers and enterprises, the country's only all-in-one money platform Maya has copped recognitions at the Privacy Awareness Week Awards 2022 organized by the National Privacy Commission (NPC). Maya won at the Privacy Awareness Week Awards 2022 for its...
Bank of Commerce more than doubled its net income to P360.6 million in the first quarter of 2022 from the P146.3 million it earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said “This upward trajectory resulted from the continued strong core business...
Security Bank Corporation posted a 66 percent jump in net income to P2.7 billion in the first quarter of 2022, driven by growth in core businesses, lower credit provisions and normalized income tax provisions. In a disclosure to the Philippine Stock Exchange, the bank noted that, 2021 tax...
The Covid-19 crisis has exacerbated the tourism industry’s pre-pandemic structural challenges, the latest report by the Asian Development Bank (ADB) revealed on Friday, May 13. In an ADB report entitled “Supporting Post Covid-19 Economic Recovery in Southeast Asia,” the Manila-based lender...
Philippine National Bank registered a 57 percent jump in net income for the first quarter of 2022 to P2.81 billion from the P1.79 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said this is primarily due to improved net interest income and...
Palestinians hold posters displaying veteran Al Jazeera journalist Shireen Abu Aqleh, who was shot dead as she covered a raid on the West Bank's Jenin refugee camp on May 11, 2022, in the West Bank city of Hebron. The poster reads in Arabic, "the Martyrdom of Journalists Shireen Abu Aqleh". HAZEM...
In a bid to save lives, AstraZeneca Philippines has signed an agreement with Security Bank Corporation and SB Finance to provide cancer patients with easier funding options for diagnostics and long-term treatment. In a statement, Security Bank said the Cancer Care Ecosystem Funding Partnership is...
China Banking Corporation (China Bank) reported a 37 percent jump in net profits to P4.9 billion in the first quarter of 2022 from P3.6 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said the improved profitability, driven by sustained core business...
The Export Import Bank of Korea-Economic Development and Cooperation Fund (KEXIM-EDCF) has sealed a loan to the Philippines to finance the engineering services for the Panay-Guimaras-Negros Island bridges project. In a statement, the Department of Finance (DOF) said that the Philippines and Korea...
Philippine Bank of Communications (PBCOM) reported a 34.6 percent growth in consolidated net income last year to P1.57 billion, the highest since the entry of the Lucio Co Group in 2014. In a disclosure to the Philippine Stock Exchange, the bank said the increase in net income came on the back of...
Paymaya recently rebranded itself short, simple and sweet as "Maya" in a bid to go beyond payments and become an all-in-one money app for consumers and enterprises - “everything and a bank”. PayMaya rebrands as Maya Maya's rebranding came after Voyager Innovations, mothership of both PayMaya...
