Consumer lending company SB Finance Company Inc. (SBF) is tapping the P3 billion in fresh funds to be infused by its shareholders to reach the mass market and help reset economic growth in the new normal. SB Finance is a joint venture between Security Bank Corporation and Thailand’s Bank of...
Bank of Commerce (BankCom), the banking affiliate of San Miguel Corporation (SMC), was assigned an Issuer Credit Rating of PRS Aa (corp.), with a Stable Outlook, by Philippine Rating Services Corporation (PhilRatings). A company rated PRS Aa (corp.) differs from the highest rated corporates only to...
LT Group, Inc., the investment holding company of taipan Lucio Tan, reported a 4.5 percent improvement in attributable net income to P6.49 billion in the first quarter of 2021 from the P6.21 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange,...
The United Nations (UN) in the Philippines and the United States Embassy in Manila welcomed the delivery of more than two million doses of AstraZeneca vaccines to the Philippines under the COVAX facility, the international partnership established to ensure equitable distribution of COVID-19...
China Banking Corporation has declared cash dividends amounting to P2.69 billion or P1.00 per share. During the firm’s annual stockholders’ meeting, the China Bank Board of directors said this is equivalent to a cash dividend yield of 4.02 percent based on the Bank’s closing price of...
The Anti-Red Tape Authority (ARTA) vowed to double its efforts to further make positive changes in the Ease of Doing Business (EODB) situation in the country as the agency cited the Philippines' continued performance in the said arena. ARTA ARTA Director-General Jeremiah Belgica made the statement...
Metropolitan Bank & Trust Company (Metrobank) has launched its P10 billion Peso-denominated SEC registration-exempt fixed-rate bond offering with the option to upsize. In a disclosure to the Philippine Stock Exchange, the bank said its bonds will have a tenor of five and a quarter (5.25) years...
Philippine National Bank announced that its Board of Directors has elected Federico C. Pascual as Chairman and Leonilo G. Coronel as Vice Chairman following the bank’s Annual Stockholders Meeting last week. Federico C. Pascual Pascual was first appointed as an independent director of the Bank in...
The stock market is seen to continue to be weighed down by the country’s COVID situation while investors will also be taking cues from the April inflation figure and corporate earnings announcements. “Next week, we still see a downward bias for the local market as we expect clouded economic...
Philippine National Bank, one of the country’s major banks, is ranked as the best company for professionals to growth their careers, according to the Linkedin’s 2021 Philippines Top Companies List. LinkedIn, the online professional network, published its list of the 2021 LinkedIn Top...
An administrative order implementing the Local Government Reform Project (LGRP) has been signed by President Duterte. President Duterte with Finance Secretary Carlos Dominguez III (File photo: Malacañang) In Administrative Order No. 40, the President created an Interagency Governing Board (IGB)...
Lucio Tan-led Philippine National Bank said its stockholders can expect to gain from its disposal of low-earning assets through their stake in PNB Holdings Corporation which will be listed at the Philippine Stock Exchange after being distributed as property dividends. At bank’s Annual...
