Union Bank of the Philippines (UnionBank) recently held the virtual groundbreaking ceremony for its ‘Innovation Campus’ last May 26 via Zoom, marking a major milestone in the Bank’s digital transformation journey that started five years ago and garnering thecommendation of top figures in the...
Philippine National Bank will be recording about P34 billion in one time earnings from its windfall from the revaluation of its low-earning but prime real estate assets. In a disclosure to the Philippine Stock Exchange, the bank said the amount will be recorded in its books reflecting the...
The Philippine Coast Guard (PCG) has put up food banks in the coastal areas of Bataan, Manila, and Iloilo to keep alive the spirit of giving through the community pantry amid the lingering threat of the coronavirus disease (COVID-19) pandemic. At least 40 fishermen were given assistance by the PCG...
A Thai-owned agri-industrial and food conglomerate has joined the Philippine government in its mission to revive the country’s swine industry, which had been adversely affected by the African Swine Fever (ASF) crisis. CRUCIAL PACT -- Thai-based agri firm Charoen Pokphand Foods Philippines...
In a bid to entice more borrowers from the agriculture sector, Bank of the Philippines (BPI) has opened a loan program to small and medium enterprises (SME) with no collateral and fewer documentary requirements. BPI Business Banking Head Eric Luchangco said in a statement that the Ayala-led bank is...
The Philippines' chief economic manager said the domestic economy should quickly adapt digitalization to remain viable, otherwise "drown in its wake." At virtual groundbreaking ceremonies of Union Bank of the Philippines Innovation Campus, Finance Secretary Carlos G. Dominguez III saiid that the...
The Bangko Sentral ng Pilipinas (BSP) has issued the guidelines on the management of liquidity risk by Islamic banks and Islamic banking units (IBUs) to attract investments and consumer interests in Islamic banking and finance. The Monetary Board approved Circular No. 1116 Tuesday, (May 25) which...
Transportation costs for crops will be drastically reduced once the 4.9-kilometer agricultural road carved atop the mountainous municipality of Banaue in Ifugao is completed, the Department of Agriculture (DA) said. CARVED OUT OF THE MOUNTAIN-- The 4.9-kilometer Viewpoint-San Fernando...
The Philippine government on Friday welcomed the ceasefire agreement reached by Israel and the Palestinian militant group Hamas after nearly two weeks of bloody exchanges of rockets and airstrikes that left 232 Palestinians and 12 Israelis dead. People celebrate in the streets following a ceasefire...
Philippine Business Bank (PBB) reported a 59 percent fall in net income to P160 million in the first quarter of 2021 from the P394 earned in the same period last year due to mark-to-market trading losses. However, in a disclosure to the Philippine Stock Exchange, the bank said its core income grew...
The Philippine government on Thursday placed Gaza under Alert Level 2 as it prepares to evacuate Filipinos who wish to return home due to the escalating conflict between the Israelis and the Hamas militants. The alert level situation in Israel and Gaza Strip issued by the Philippines (Facebook/DFA)...
Asia United Bank reported a 38 percent drop in consolidated net income to P736 million in the first three months of 2021 from the P1.2 billion earned a year ago primarily due to higher loan loss provisions. “While COVID-19-related lockdown persists and the economy continues to reel from the...
