Senator Joel Villanueva urged his fellow lawmakers to approve a measure modernizing the country’s outdated bank secrecy laws, saying these have hindered transparency, obstructed accountability, and weakened the government’s ability to combat corruption. “Our failure to modernize our bank...
Bank of the Philippine Islands (BPI), the oldest lender in Southeast Asia, priced its latest offering of social bonds at ₱5 billion as it seeks to funnel more capital into community development and social projects. The two-year notes, dubbed the BPI SIGLA Bonds, will carry a fixed interest rate...
Ayala Land Offices Inc., the office development arm of property giant Ayala Land Inc., has secured a five-year lease agreement with state-run Land Bank of the Philippines for a sprawling office facility at the Ayala Malls Manila Bay Corporate Center. The transaction expands the footprint of Ayala...
When the World Bank released its “note on cancelled operation” document on the Philippines Customs Modernization Project last week, it did more than formally close the books on an $88.28-million loan. The document read like a rare institutional post-mortem, spelling out not only why the project...
As businesses scale and expand across Luzon, Visayas, and Mindanao, the need for faster and more efficient processes becomes crucial. Every new branch needs a fully operational team. Every warehouse requires workers on deck. Every gig worker or partner rider counts on payouts to arrive when...
Bank of the Philippine Islands (BPI) is seeking to raise at least ₱5 billion through the issuance of social bonds to fund projects aimed at community development and economic empowerment. In a disclosure to the Philippine Stock Exchange on Monday, Jan. 5, t he Zobel-led lender said it will offer...
PNB Holdings Corp., the real estate arm of billionaire Lucio Tan’s Philippine National Ban (PNB), has formally applied to list its shares on the Philippine Stock Exchange (PSE), moving to monetize a massive property portfolio after years of preparation. In a regulatory filing on Friday, Dec. 26,...
Philippine Bank of Communications (PBCom), the lender controlled by retail tycoon Lucio Co, is pivoting toward aggressive expansion of its low-cost deposit base to sustain momentum following its upgrade to a universal banking license. PBCom, which recently celebrated its 85th anniversary, is...
GoTyme Bank, in partnership with Visa, is giving football fans and everyday spenders the chance to score an unforgettable experience. Every tap, swipe, or purchase using your GoTyme Bank Visa Debit Card brings you closer to a dream matchday like never before. This promo celebrates financial...
Filipino Christmases have always been about reaching out, no matter the distance. It’s the tita who sends her pamangkin a little extra for noche buena, the barkada group chat planning a reunion from three different cities, or the parent abroad making sure their family feels their love through...
State-run Land Bank of the Philippines (Landbank) has agreed to sell its 2.15-percent stake in Philippine Dealing System Holdings Corp. (PDSHC) to the Philippine Stock Exchange (PSE), allowing the bourse to increase its stake to 80.48 percent. The PSE disclosed that it has entered into a share...
TEL AVIV, Israel (AP) — Israel’s Cabinet has approved a proposal for 19 new Jewish settlements in the occupied West Bank, the far-right finance minister said Sunday, as the government pushes ahead with a construction binge in the territory that further threatens the possibility of a...
