The Asian Development Bank (ADB) has rolled out a financial support package to help developing member countries (DMCs) cushion the economic fallout from the escalating conflict in the Middle East, as energy prices surge and global supply chains face disruptions. The move comes as the Philippines,...
Ty-led Metropolitan Bank & Trust Co. (Metrobank) has closed the public offer for its series F Association of Southeast Asian Nations (ASEAN) sustainability peso-denominated bonds a week early, indicating that the minimum ₱5-billion issuance was oversubscribed. The bank disclosed to the Philippine...
RAMALLAH, West Bank (AP) — At least 10 Palestinians were injured Sunday night in attacks in the occupied West Bank by Israeli settlers, who rampaged through nearby villages after holding a funeral for a settler killed in a car crash a night earlier. The Palestinian Red Crescent Society said the...
Ty-led Metropolitan Bank & Trust Co. (Metrobank) has launched the offer of its series F Association of Southeast Asian Nations (ASEAN) sustainability peso-denominated bonds, aiming to raise at least ₱5 billion with an oversubscription option as it continues to diversify its funding sources. In a...
The Securities and Exchange Commission (SEC) has cleared a plan by PNB Holdings Corp., the real estate arm of Philippine National Bank, to list its shares on the local bourse by way of introduction, paving the way for the lender to unlock value from its prime property portfolio. The Commission En...
Ayala Corp., the Philippines’ oldest conglomerate, posted record core earnings for a third consecutive year as gains in its real estate and banking units shielded the group from the slump in its energy and telecommunications businesses. In a disclosure to the Philippine Stock Exchange, the firm...
The Bank of the Philippine Islands (BPI) has launched its new Debit Mastercard made from 100% recycled, PVC free plastic, reinforcing the bank’s push for more sustainable banking solutions. The new Debit Mastercard is free for clients who open an account through a BPI branch, as well as for...
The Bank of the Philippine Islands (BPI) extended a ₱6.1 billion project finance facility to Cornerstone Energy Development Inc. (CEDI), a subsidiary of Aboitiz Renewables Inc., marking the lender’s latest move to solidify its position in the sustainable finance market. BPI said the funding...
Philippine Savings Bank (PSBank), a subsidiary of Metropolitan Bank & Trust Co. (Metrobank), reported a 33-percent drop in net income to ₱3.5 billion last year from the record-high ₱5.21 billion earned in 2024 due to higher credit provisions in 2025. In a disclosure to the Philippine Stock...
Aboitiz Equity Ventures Inc. reported that consolidated core net income remained unchanged at ₱25.5 billion for last year, as growth in its food and beverage segments offset earnings drag from its power generation arm. In a disclosure to the Philippine Stock Exchange, the diversified investment...
Ty-led Metropolitan Bank & Trust Co. (Metrobank) is planning to issue its first Association of Southeast Asian Nations (ASEAN) sustainability peso-denominated fixed-rate bonds to raise at least ₱5 billion, with an oversubscription option and a tenor of 1.5 years. In a disclosure to the Philippine...
Security Bank Corp. reported a three-percent improvement in net income to ₱11.6 billion last year as net interest income grew while non-interest earnings surged. In a disclosure to the Philippine Stock Exchange (PSE) on Monday, March 2, the bank said it balanced revenue growth with higher credit...
