A weaker peso, caused by United States (US) tariffs lifting the US dollar and the Philippines' wider current account deficit, may delay further interest rate cuts by the Bangko Sentral ng Pilipinas (BSP), according to Japanese banking giant MUFG Bank Ltd. "We forecast the BSP to cut rates by...
BANK OF THE PHILIPPINE ISLANDS (BPI) will be holding its annual meeting of stockholders on April 21, 2025, Monday at 9:00 AM virtually via https://conveneagm.com/ph/BPI2025ASM A copy of the official announcement published in Manila Bulletin broadsheet is...
San Miguel Corporation (SMC) affiliate Bank of Commerce (BankCom) achieved a new milestone as its net income hit ₱3.02 billion for the first time, up eight percent from ₱2.8 billion in 2023. The bank said achieving its higher profit since becoming an SMC affiliate shows BankCom’s strong...
After the World Bank loan for the delayed project aimed at mitigating flooding in Metro Manila was extended last year, the Washington-based multilateral lender reported implementation progress at a number of pumping stations. In a March 27 implementation status and results report, the...
Zobel-led Bank of the Philippine Islands has successfully tapped the international capital markets to raise $800 million, its largest issuance size in a single transaction, which it will use for refinancing and general corporate purposes. In a disclosure to the Philippine Stock Exchange, the bank...
Economists at Bank of the Philippine Islands (BPI) believe that the plan of former President Rodrigo Duterte’s supporters, especially overseas Filipinos workers (OFWs), to protest his detention by the International Criminal Court (ICC) at The Hague through a “zero-remittance week” could do...
Bankers Florido P. Casuela (left) and Edwin R. Bautista (right) Taipan Lucio Tan’s Philippine National Bank is replacing its current President and CEO Florido P. Casuela with former Union Bank of the Philippines President Edwin R. Bautista effective April 29, 2025. In a disclosure to the...
Bank of the Philippine Islands (BPI), the financial services arm of the Zobel-led Ayala Group, is planning to raise funds from the overseas debt market by offering foreign exchange derivatives (FXD) or floating rate notes (FRN). In a disclosure to the Philippine Stock Exchange, the bank said it has...
Lower interest rates and closer economic integration in Asia-Pacific would allow the region to attract more capital, according to the Asian Development Bank (ADB). "Global monetary easing could increase capital inflows into the region, bringing with it important macroeconomic and policy...
The Philippines declined by one notch to ninth place among the most attractive foreign destinations for Japanese investors in 2024, according to the Japan Bank for International Cooperation (JBIC). In a March 21 publication, JBIC said its latest survey report on overseas business operations by...
Photo shows DBP Senior Vice President Mario Rey T. Morales (second from left), DBP Senior Vice President Ana Marie E. Veloso (third from left), DBP Vice President Raquel C. Atienza (third from right), and DBP Senior Assistant Vice President Maria Eliza C. Galvan (second from right) receiving the...
From left, Sumitomo Mitsui Banking Corporation (SMBC) Manila Branch Executive Director and Head of Corporate Banking Ruben Victa, Ayala Corporation Treasurer Estelito C. Biacora, SMBC Country Head and Managing Director Yasushi Iwata, Ayala Corporation Chief Finance Officer Alberto M. de Larrazabal,...
