Filipino workers need not worry about artificial intelligence (AI) immediately taking over their jobs as the World Bank reported that developing countries, including the Philippines, have lower exposure to AI disruptions. "For developing countries, and in particularly low-income countries, the...
San Miguel Corporation affiliate Bank of Commerce (BankCom) has upsized its peso bond offering by almost four times its original offer size due to strong demand from retail and institutional investors. In a disclosure to the Philippine Stock Exchange, the bank said it achieved its biggest peso bond...
State-owned Development Bank of the Philippines (DBP) has welcomed the newest member of its Board of Directors—Eddie Abel C. Dorotan, a seasoned banker with over 20 years of vast experience in the areas of investment banking, capital markets, as well as commercial and corporate banking. Before...
Asia United Bank (AUB) reported a 36 percent growth in consolidated net income to ₱ 11.3 billion last year from the ₱ 8.3 billion earned in 2023 due to double-digit growth in loan portfolio and a steady decline in loan loss provisions. In a disclosure to the Philippine Stock Exchange, the bank...
The Bank of the Philippine Islands (BPI) changed on Feb. 13 how its customers load their GCash and Maya accounts through its app. Instead of directly topping them up, they now have to use the "Transfer to Another Bank" option. This might seem like an extra step, and it also comes with an additional...
Ping Lacson (Mark Balmores/ MANILA BULLETIN) LAOAG CiTYTrue to his hardline stance against corruption, administration senatorial candidate Panfilo "Ping" Lacson he would file right out of the gate a measure that will help expose the ill-gotten...
This Valentine’s season, GoTyme Bank and Auro Chocolate announce a beautiful partnership, launching the Auro x GoTyme Heart Smash, a decadent chocolate treat designed for those who love a little surprise. Featuring a 64 percent dark chocolate heart shell in GoTyme Bank’s signature color, this...
The Bank of the Philippine Islands (BPI) is phasing out its direct e-wallet loading feature for GCash and Maya on Feb. 13, 2025. After this date, BPI customers will no longer be able to use the "Load E-Wallet" option within the BPI mobile app to fund their GCash or Maya accounts. Instead, BPI is...
Manila 3rd district Rep. Joel Chua (left), Vice President Sara Duterte (Facebook) The House prosecution team in Vice President Sara Duterte's upcoming impeachment trial intends to subpoena her bank records as part of its strategy to secure the ouster...
After its ₱5 billion bond offering period, San Miguel Corporation (SMC) affiliate Bank of Commerce (BankCom) was assigned an Issuer Credit Rating of PRS Aa plus (corp.), with a stable outlook, by Philippine Rating Services Corporation (PhilRatings). An Issuer Credit Rating is an opinion on the...
From left: Norman Agatep, APR, PRSP VP-External Affairs; Mikey de Quiros, APR, PRSP VP-Internal Affairs & Chairman of the 60 th Anvil Awards; Andy Saracho, APR, PRSP President; BPI’s Chief Customer & Marketing Officer Cathy Santamaria, External Communications & Media Relations...
State-owned Development Bank of the Philippines (DBP) must provide strong justification for its appeal to extend regulatory relief, according to a senior Bangko Sentral ng Pilipinas (BSP) official. Speaking to reporters on the sidelines of a two-day media information session in Baguio City, BSP...
