Bank of Commerce (BankCom), an affiliate of San Miguel Corporation (SMC), posted a 10 percent year-on-year increase in unaudited net income to P2.21 billion in the third quarter of 2024, mainly due to higher revenues. The bank said in a disclosure to the Philippine Stock Exchange (PSE) that this...
Security Bank Corporation registered a 12 percent year-on-year growth in net profit to P8.5 billion in the first nine months of 2024 as revenue growth accelerated to 28 percent compared to the 24 percent posted in the first semester of the year. In a disclosure to the Philippine Stock Exchange...
BDO Network Bank, Inc. will be conducting its annual meeting of stockholders on December 6, 2024, Thursday, at 11:00 A.M. via online. A copy of the official announcement published in Manila Bulletin broadsheet is shown below:
The World Bank has approved a $750 million loan to support the Philippines' digital transformation, aiming to boost economic growth and improve access to essential services. In a statement, the Washington-based multilateral institution, said the Second Digital Transformation Development Policy...
Beneficiaries of the poverty-alleviating Pantawid Pamilyang Pilipino Program (4Ps) can expect to continue receiving their conditional cash grants as the World Bank has extended the validity of the Philippine government's $600-million (over P35-billion) loan for the country's flagship safety net....
BDO Network Bank, Inc. will be holding its annual meeting of stockholders on December 6, 2024, Thursday, at 11:00 A.M. via online. A copy of the official announcement published in Manila Bulletin broadsheet is shown below:
The Philippines' National Greening Program (NGP) is mitigating climate risks and reducing the country's poverty rate, according to the World Bank. In a Nov. 11 blog post, the multilateral lender cited the dual goals successfully achieved by the NGP, a collaborative initiative co-implemented by the...
Aboitiz-led Union Bank of the Philippines (UnionBank) and the ATRAM Group have entered into an investment agreement to merge their respective trust subsidiaries. In a disclosure to the Philippine Stock Exchange (PSE), UnionBank announced that it will hold a 27.5 percent ownership stake in ATR...
The Philippines must pursue long-term reforms to thrive amid intensified uncertainty wrought by geopolitics and external developments, including Donald J. Trump's impending return to the White House seen solidifying the United States' trade protectionism, according to a World Bank economist. On the...
Big banks’ outstanding loans grew by 11 percent year-on-year in September, an improvement from the 10.4 percent reported in August, according to the Bangko Sentral ng Pilipinas (BSP). Bank lending in peso terms amounted to P12.402 trillion in September, net of reverse repurchase (RRP) placements...
Manila-based Asian Development Bank (ADB) has approved nearly P100 billion ($1.7 billion) to fund a 37.5-kilometer climate-resilient expressway in the Philippines that aims to boost regional connectivity and economic competitiveness. The ADB will support the Laguna Lakeshore Road Network Project...
The Department of Energy (DOE) along with the Landbank of the Philippines have inked a deal that allows the efficient use of funds that would support host communities, specifically those under the Energy Regulations 1-94 (ER 1-94) Program. The ER 1-94 was made to ensure communities get a reasonable...
