After posting record-breaking profits every year since 2021, China Bank Savings (CBS) is on track for another banner year as its profit grew 19 percent to ₱1.2 billion in the first half of 2025. “We continue to perform well despite economic headwinds such as geopolitical uncertainties and...
Only five companies from the Philippines made it to Forbes Asia’s 2025 Best Under A Billion list, which recognizes 200 top-performing small and mid-sized listed companies in the Asia-Pacific region. Filipino companies in the list are led by Converge Information & Communications Technology...
Philippine Savings Bank (PSBank), the thrift banking arm of the Metrobank Group, reported that its ₱2 billion Peso-denominated Fixed-Rate Bonds were six times oversubscribed on the offering day. In a disclosure to the Philippine Stock Exchange, the bank said it has thus decided to shorten the...
Loans from big banks or universal and commercial banks (UK/Bs), excluding investments in the central bank’s reverse repurchase (RRP), grew by a faster 12.1 percent in June from May’s 11.3-percent expansion. According to the latest data from the Bangko Sentral ng Pilipinas (BSP) released on...
GoTyme Bank, known for its seamless blend of digital and physical banking, has partnered with Jabroni’s Pizza to launch “The Pizza Bank”—a first-of-its-kind concept where banking meets everyone’s favorite comfort food. Inspired by the spirit of a classic New York slice shop, The Pizza...
The Philippine economy is enjoying low inflation and accelerated growth amid a manufacturing rebound plus improved consumer spending in the second quarter of 2025, according to global investment banking giant Goldman Sachs. In an Aug. 1 report obtained by Manila Bulletin, Goldman Sachs Economics...
Philippine Savings Bank (PSBank), the thrift banking arm of the Metrobank Group, is set to raise at least ₱2 billion from the issuance of peso-denominated fixed-rate bonds as part of its ongoing ₱40-billion bond program. In a disclosure to the Philippine Stock Exchange (PSE), the bank said the...
Private-sector economists expect the Philippine economy to have expanded at a faster pace in the second quarter, compared to the first three months, driven by robust household consumption during the midterm election period, even amid external headwinds. The consensus growth forecast stands at 5.6...
After performing among the worst of Asian currencies last week, the Philippine peso is still expected by Japanese financial giant MUFG Bank Ltd. to gradually appreciate and return to the ₱56:$1 level next year. “All Asian currencies depreciated against the United States (US) dollar [last] week,...
The implementation of a World Bank loan aimed at repairing and rehabilitating disaster-damaged schools in nine regions outside Metro Manila is off to a good start, the Washington-based multilateral lender said. In a July 31 implementation status and results report, the World Bank said the overall...
Philippine Business Bank reported that its net income inched up three percent to ₱1.07 billion in the first half of 2025 from ₱1.03 billion in the same period last year as interest income rose despite stiffer competition and higher provisioning. In a disclosure to the Philippine Stock Exchange,...
Washington-based World Bank will be providing $700 million, or approximately ₱35 billion, worth of funding for the Philippines Community Resilience Project, which aims to strengthen resilience in vulnerable and poor areas. According to the multilateral lender, the project aims to cover 500...
