The Aboitiz Group’s Union Bank of the Philippines reported a drop in net income to ₱6.5 billion in the first nine months of 2025 from the ₱8.6 billion generated in the same period last year, partly due to higher expenses. The bank said in a disclosure to the Philippine Stock Exchange that it...
The recent lifting of foreign ownership limits and introduction of the Green Energy Auction Program (GEAP) have led to a rapid growth in investments in the renewable energy (RE) sector. In a media briefing, Security Bank Capital President and Chief Executive Officer (CEO) Virgilio O. Chua said...
Metro Manila West Zone concessionaire Maynilad Water Services Inc. began its capital-raising exercise Thuesday, Oct. 23, with its ₱34.33 billion initial public offering (IPO) open for subscription until Oct. 29, 2025. Maynilad fixed its IPO share price at ₱15 on Oct. 20. The water...
The listing of Maynilad Water Services Inc. at the Philippine Stock Exchange, following its ₱34.33 billion initial public offering, is expected to inject renewed interest into the local equities market and propel the growth of the benchmark index by approximately 10 percent from its current...
Ayala Corp.’s $100-million blended finance deal for electric mobility was named the Philippines’ Transport Deal of the Year in The Asset Triple A Sustainable Infrastructure Awards 2025. The financing for Ayala subsidiary ACMObility came from the Asian Development Bank (ADB) and Canadian...
Manila-based Asialink Finance Corporation (AFC) expects to post about ₱2.7 billion in net income by year-end, driven in part by the fresh $75-million (around ₱4.36-billion) term loan facility it secured from United Kingdom-based Standard Chartered Bank (SCB). Asialink said the maiden loan...
The Department of Public Works and Highways (DPWH) and the World Bank will start construction of the ₱37-billion Mindanao Transport Connectivity Improvement Project (MTCIP) in 2027 for safer transport and better access across key areas of Mindanao. The project will follow a 22-month design phase...
Six of the country’s top business groups called on lawmakers to amend the Philippines’ bank secrecy laws as a measure to improve the country’s standing in the global financial community amid the damage caused by corruption issues. In a statement on Friday, Oct. 17, the groups pushed for...
The Bank of the Philippine Islands (BPI) won six awards at the Asian Banking & Finance (ABF) Retail Banking Awards 2025, reaffirming its position as a strong leader in the Philippine banking industry. “We are honored to be recognized by Asian Banking and Finance. These awards affirm our...
Bank of the Philippine Islands (BPI), the financial services arm of the Ayala Group, posted a 5.2-percent improvement in net income to ₱50.5 billion in the first nine months of 2025 from the ₱48 billion earned in the same period last year. The bank said in a disclosure to the Philippine Stock...
Asia United Bank’s (AUB) e-wallet HelloMoney is targeting to grow its users to as many as 6.5 million by end-2025, riding on a new partnership with digital life insurer Singlife Philippines and a recent tie-up with the state-run Social Security System (SSS). “Last year, we had about five...
Japanese financial giant MUFG Bank, Ltd, now sees the Philippine peso weakening at a deeper level, as the sudden shift in the Bangko Sentral ng Pilipinas’ (BSP) tone has also made the market more expectant of about two additional cuts. “We now pencil in the BSP cutting rates to 4.25 percent by...
