Ayala-led Bank of the Philippine Islands (BPI) is opening an office in Singapore in October to serve high-net-worth Filipino clients who want to invest overseas. In an interview, BPI President Jose Teodoro K. Limcaoco said, “We 're opening an office to serve Filipino clients in the ASEAN...
Even with the threat of an influx of American cars into the local market, Security Bank Corporation believes its joint venture with Mitsubishi Motors Philippines Corporation (MMPC) can withstand the impacts of the zero tariff on United States (US)-made goods on the competitiveness of Japanese cars....
Metropolitan Bank & Trust Co. (Metrobank) of the Ty family booked a 5.1-percent improvement in net income to ₱24.8 billion in the first half of the year, from ₱23.6 billion in the same period of 2024, fueled by a surge in non-interest earnings from fees and trading and foreign exchange (forex)...
MONTREAL (AP) — Genie Bouchard didn’t look like a player limping into retirement. You’d be forgiven for thinking she was still in her prime. On center court in her hometown, Bouchard delivered a thrilling performance — and a heartfelt goodbye to tennis — with a hard-fought loss in her...
Changing affiliations, more popularly known as “rigodon,” is a common occurrence in both banking and journalism. This traditional formal dance, also called the “Rigodon de Honor,” evolved from dances brought to the Pacific Islands by Spanish settlers in the 16th century. Research shows that...
Gokongwei-backed digital lender Gotyme Bank Corp. has teamed up with popular social media platform TikTok to launch TikTok Shop Loans powered by GoTyme Bank, a financing solution designed to provide micro, small, and medium enterprises (MSMEs) with fast access to flexible loans for business...
Citing a lackluster performance that the Philippine economy has been showing since its recovery from the Covid-19 pandemic, climbing to the high-income-status target 15 years from now could be impossible, the country’s chief socioeconomic planner stated. Department of Economy, Planning, and...
While the Philippines’ climb to upper-middle-income-country (UMIC) status is attainable in the medium term, the country will be surpassed by neighboring Vietnam, which would jump to become a high-income economy 15 years from now, according to Singapore-based DBS Bank Ltd. The Philippines,...
Philippine goods exports climbed 13.2 percent year-on-year to a record $41.24 billion in the first six months of 2025 as exporters front-loaded shipments ahead of the 19-percent tariff to be imposed by the United States (US), the country’s top export market. National Statistician Claire Dennis S....
President Marcos has cited the role of the World Bank in the Philippines ' goal to build critical infrastructure and boost preparedness against climate change and natural disasters. During the ceremonial turnover of the World Bank Group Philippines Country Partnership Framework (CPF) for...
Security Bank Corp. announced that its Chief Financial Officer, Eduardo M. Olbes, will retire on Sept. 15, 2025, but, his replacement, Allen Alexander P. Reyes, will be onboard by Aug. 11, 2025, to facilitate the transition. In a disclosure to the Philippine Stock Exchange, the bank said that,...
Asia United Bank (AUB) posted a 17 percent growth in consolidated net income to a record ₱6.1 billion for the first six months of 2025 from the ₱5.2 billion earned in the same period last year a year ago and its highest first-half income. In a disclosure to the Philippine Stock Exchange, the...
