Aboitiz-led Union Bank of the Philippines (UnionBank) is raising up to ₱76.35 billion through issuances from both its Euro Medium Term Note (EMTN) Program and Peso Bonds Program. In a disclosure to the Philippine Stock Exchange, the bank said its board has approved the planned issuances as well...
Makati City 2nd district Rep. Luis Campos Jr. (Facebook) The Philippine Deposit Insurance Corp.'s (PDIC) move of doubling the maximum deposit insurance coverage (MDIC) for bank depositors from P500,000 to P1 million will have a positive impact...
In photo are Jette Gamboa, UN GCNP Representative (first from the left); Jo Ann Eala, Head of BPI Sustainability Office (third from the left); and Vicki Tan, UN GCNP Chairperson; Ben Secretario (first from the right), and Edward Gacusana, UN GCNP Representative; joined by other UN GCNP Members and...
A name that is quickly becoming synonymous with determination, intelligence, and skill, Bianca Bustamante, a Filipina racing prodigy, has been making waves in the global motorsport scene since the age of five. Bianca’s journey to the top of the karting world is nothing short of inspiring, and as...
Big banks’ reserve requirements ratio (RRR) could eventually drop to zero percent by 2028 or the end of the central bank governor’s term, according to Security Bank Corp. Speaking to reporters on Wednesday, Feb. 26, Security Bank chief economist Angelo Taningco said he expects the Bangko...
President Marcos hailed the Asian Development Bank's (ADB) ongoing support for the Philippines, saying their assistance has significantly contributed to its economic development. President Ferdinand 'Bongbong' Marcos Jr. and Asian Development Bank president Kanda Masato (PCO) Marcos said this...
Although the Philippine economy is considered relatively insulated from the potential trade war, Security Bank Corp. chief economist Angelo Taningco cautioned that the country is not entirely immune, identifying the trade war's prospects as the gravest threat. Despite expecting less impact compared...
Four Philippine projects funded by World Bank loans totaling over $1.37 billion (nearly ₱80 billion) are progressing satisfactorily, according to the Washington-based multilateral lender. In separate implementation status and results reports this month and last month, the World Bank said the...
Philippine National Bank (PNB) of the Lucio Tan Group posted an 18 percent year-on-year growth in consolidated net income to ₱21.2 billion in 2024 as a result of sustained effort in strengthening its core business. In a disclosure to the Philippine Stock Exchange, PNB said last year’s earnings...
To travel the world is a dream many aspire to achieve. With the modern age of airlines, flight has made seeing far-flung countries a closer reality for many. Either to get away from it all for a short while or as a means to seek better opportunities. We daydream of reaching areas that excite our...
If the Bangko Sentral ng Pilipinas (BSP) prolongs its monetary policy easing pause, it may be forced to implement steeper interest rate reductions later, as persisting economic weakness threatens growth, according to Deutsche Bank. "Delaying further rate cuts could risk the BSP having to do more in...
State-owned Development Bank of the Philippines’ (DBP) net income surged to ₱7.1-billion in 2024—its highest in the past 10 years—representing a 20 percent increase from 2023 as the bank ramped up its lending activities to key sectors in support of the Marcos, Jr. administration’s...
