State-owned Development Bank of the Philippines (DBP) is set to launch the fourth batch of scholars under its flagship corporate social responsibility (CSR) initiative, the DBP Resources for Inclusive and Sustainable Education (RISE) scholarship program, a top official said. DBP President and Chief...
The Duterte administration has sealed 22 loan agreements with the World Bank Group (WBG) in the past five-years, bulk of which were used to help finance to country’s war chest against the Covid-19 pandemic, the Department of Finance (DOF) reported. In a statement on Monday, April 25, Finance...
Bank of the Philippine Islands reported a 59.6 percent jump in net income to P8.0 billion for the first quarter of 2022 compared to the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said its strong performance was attributable to higher net interest income, lower...
Noting that the Filipino commuters are suffering because of the inefficient public transportation system in Metro Manila, human rights lawyer Chel Diokno on Tuesday, April 19, questioned the government’s slow implementation of the bus rapid transit (BRT) project in Metro Manila that could’ve...
Philippine Saving Bank (PSBank), the consumer and retail bank arm of the Metrobank Group, retained the highest Issuer Credit Rating of PRS Aaa (corp.), with a Stable Outlook, from the Philippine Rating Services Corporation (PhilRatings). A company rated PRS Aaa (corp.) has a very strong capacity to...
China Banking Corporation (China Bank) made it to the Financial Times' 2022 ranking of the top 500 high growth companies in the Asia Pacific region—the only bank among the 15 Philippine companies in the comprehensive list. The Asia-Pacific High-Growth Companies 2022, compiled by British newspaper...
Despite external risks, the Philippines’ recovery is expected to gain traction this year as pandemic restrictions eased, allowing for more economic activities, the Asian Development Bank (ADB) said. In the Asian Development Outlook 2022 report released on Wednesday, April 6, the Manila-based...
Union Bank sets SRO price at P64.81/ share By JAMES A. LOYOLA Union Bank of the Philippines has set the price for its P40-billion stock rights offering at P64.81 per share, close to the bottom of the indicative price range of P64.55 to P73.78 per share. In a disclosure to the Philippine Stock...
The World Bank has slightly downgraded the Philippines' gross domestic product (GDP) outlook for 2022 from 5.8 percent to 5.7 percent, falling further below the Duterte administration's target of seven to nine percent due to external risks. In its East Asia and Pacific Economic Update released...
Bank of Commerce (BankCom), the newly-listed affiliate of San Miguel Corporation (SMC), reported a seven-year high net income of P1.2 billion in 2021 from the P784 million it earned in 2020. In a disclosure to the Philippine Stock Exchange, the bank said the results reflect its resiliency amidst...
Senator Sherwin Gatchalian on Monday resounded the alarm over the negative impact of the prolonged school closures to a Filipino child’s learning skill as he pressed the need to open all schools for limited face-to-face classes and implement a learning recovery program. Gatchalian made the call...
