Although the Philippine economy is considered relatively insulated from the potential trade war, Security Bank Corp. chief economist Angelo Taningco cautioned that the country is not entirely immune, identifying the trade war's prospects as the gravest threat. Despite expecting less impact compared...
Four Philippine projects funded by World Bank loans totaling over $1.37 billion (nearly ₱80 billion) are progressing satisfactorily, according to the Washington-based multilateral lender. In separate implementation status and results reports this month and last month, the World Bank said the...
Philippine National Bank (PNB) of the Lucio Tan Group posted an 18 percent year-on-year growth in consolidated net income to ₱21.2 billion in 2024 as a result of sustained effort in strengthening its core business. In a disclosure to the Philippine Stock Exchange, PNB said last year’s earnings...
To travel the world is a dream many aspire to achieve. With the modern age of airlines, flight has made seeing far-flung countries a closer reality for many. Either to get away from it all for a short while or as a means to seek better opportunities. We daydream of reaching areas that excite our...
If the Bangko Sentral ng Pilipinas (BSP) prolongs its monetary policy easing pause, it may be forced to implement steeper interest rate reductions later, as persisting economic weakness threatens growth, according to Deutsche Bank. "Delaying further rate cuts could risk the BSP having to do more in...
State-owned Development Bank of the Philippines’ (DBP) net income surged to ₱7.1-billion in 2024—its highest in the past 10 years—representing a 20 percent increase from 2023 as the bank ramped up its lending activities to key sectors in support of the Marcos, Jr. administration’s...
The Philippine Red Cross (PRC) inaugurated the PRC-Laguna Chapter City of Santa Rosa, Laguna branch blood facility on Thursday, Feb. 20, further strengthening its humanitarian presence and blood services in the province. PHILIPPINE Red Cross Secretary General Dr. Gwen Pang, PRC...
Digital-only commercial bank CIMB Bank Philippines has set its sights on processing up to ₱500-million worth of monthly transactions with its brand-new product, CIMB Pay, this year. Speaking to reporters last Monday, Feb. 17, CIMB Philippines CEO Vijay Manoharan said the digital bank’s monthly...
The Bank of the Philippine Islands (BPI) solidifies its position as a sustainability leader in the Asia Pacific, with a record 18 awards in 2024. This surpasses last year’s total of 14 and represents the bank’s highest recognition in three years. The accolades underscore BPI’s continued...
Ty-led Metropolitan Bank & Trust Co. (Metrobank) reported a 14 percent year-on-year increase in net income to a record ₱48.1 billion in 2024, driven by loan growth fueled by robust asset expansion and improving asset quality. In a disclosure to the Philippine Stock Exchange, the bank said...
MB NEWSMAKERS Top row, from left: Mylo Speech Buddy Founder Vincent Rocha, President of Bingo Plus Rafael Jasper Vicencio, President & CEO of HSBC Philippines Sandeep Uppal, Dr. Victor Erwin Jocson, Head of Star Magic PR (representing Bini) Thess Gubi, Co-Chairperson of Kawayan Collective...
Receiving the award is BPI’s Retail Loan and Bancassurance Head, Dexter Cuajotor (right), representing BPI’s commitment to innovation and creating meaningful impact for employees and customers alike. The Bank of the Philippine Islands (BPI), one of the Philippines’ largest banks, earned two...
