Monetary authorities are widely expected to deliver a third consecutive 25-basis-point interest rate increase on Thursday, Aug. 27, as persistent supply disruptions, recent wage hikes, and a weakening currency keep inflation risks tilted to the upside. A majority of private-sector economists...
Consumer finance platform Billease has secured a ₱1-billion credit facility from Philippine National Bank (PNB), adding another major local bank to its funding base as it scales up its lending business. Billease’s first with PNB, the facility uses the Personal Property Security Registry (PPSR),...
Business activity is on the rise in sports, particularly in two racket sports, tennis and pickleball, while badminton takes a relative backseat, though it remains a long-time staple in barangay and school leagues. Yes, Virginia, while tennis retains a dedicated, high-skill following, there’s a...
Taipan Lucio Tan’s Philippine National Bank (PNB) reported a 17 percent increase in first-half net income to ₱14.6 billion as lower deposit costs and expanding loan demand bolstered core revenue. In a disclosure to the Philippine Stock Exchange, the bank said net income rose from ₱12.5...
A sustainability session focused on climate-related financial disclosures was organized recently by Philippine National Bank’s (PNB) Corporate Sustainability Division, headed by Jean Baruelo, and attended by PNB’s Board and management. Geocel Olanday is the Chairman of PNB’s Sustainability...
Philippine National Bank (PNB), the banking arm of Lucio Tan’s conglomerate, said it remains committed to listing its real estate subsidiary by way of introduction, navigating a lengthy regulatory process to monetize its prime property portfolio. In a disclosure to the Philippine Stock Exchange...
Philippine National Bank proudly announces that its homegrown talent has been recognized by Citywire Asia in its Top 25 ASEAN Selectors 2026 list. Mark Gieron De Mesa, Head of Wealth Solutions, is among the eight Filipino awardees honored this year. Now in its fifth year, the Citywire Asia Top...
Inflation may have surged to as high as 7.9 percent in May, driven by soaring basic commodity prices and the weakening local currency, according to the Bangko Sentral ng Pilipinas (BSP), Amid intensifying macroeconomic headwinds, global supply shocks filter into the domestic economy, the central...
LT Group Inc., the conglomerate controlled by tycoon Lucio Tan, expects its banking division to drive earnings to another record this year, offsetting the impact of elevated commodity costs and strained consumer spending fueled by geopolitical conflicts in the Middle East. In a briefing, Lucio Tan...
Signs of stagflation are surfacing in the Philippine economy as it enters the second quarter of 2026, with private sector economists warning of a precarious mix of stalled growth and surging consumer prices. The country’s economic output likely posted only a tepid recovery from the previous...
Philippine National Bank (PNB) reported a five percent increase in first-quarter net income, buoyed by higher lending volumes and a focus on cost containment that helped the lender navigate a volatile interest-rate environment. In a disclosure to the Philippine Stock Exchange, PNB said the lender...
Private sector economists are split over whether the Bangko Sentral ng Pilipinas (BSP) will raise interest rates this week, as the need to anchor inflation expectations and defend the peso battles concerns over the fragile economic recovery. Of 10 economists surveyed, five expect a 25-basis-point...
