San Miguel Corporation affiliate Bank of Commerce (BankCom) is raising at least P5 billion from the public offer of its dual-tranche fixed rate bonds due 2027 (Series C Bonds) and fixed rate bonds due 2030 (Series D Bonds). In a disclosure to the Philippine Stock Exchange (PSE), the bank said it...
Economies across the Asia-Pacific region can withstand headwinds from the policies of the Trump 2.0 administration that are deemed detrimental to global free trade and climate financing, according to a top Asian Development Bank (ADB) official. Once the United States imposes tariffs, "China, of...
Ayala Corporation has secured a $100-million (about P5.841 billion) financing deal with the Asian Development Bank (ADB) to accelerate the development of an electric mobility ecosystem in the Philippines. “This funding will be used to procure and install electric vehicle charging stations...
President Marcos has extended his well-wishes to the outgoing Asian Development Bank (ADB) president Asakawa Masatsugu for fostering the relationship between the Philippines and the ADB during his tenure. President Ferdinand 'Bongbong' Marcos Jr. conferred the Order of Sikatuna on outgoing Asian...
ILOILO CITY – This city had the second highest inflation rate in the country last December but a bank executive sees this as a sign of the growth and development here. EASTWEST CEO Jerry Ngo (right) and Chief Investment Officer Bede Gomez speak during an economic briefing in Iloilo...
Developing economies, including the Philippines, are projected to have the weakest average growth in the first 25 years (2001–2025) of the century, and these countries will continue to grapple with growth setbacks in the next quarter, the World Bank said. According to the multilateral lender’s...
State-owned Development Bank of the Philippines (DBP) was honored by the chief regulator of government-owned and controlled corporations (GOCCs) for its consistent adherence to good corporate governance principles, top officials said. DBP President and Chief Executive Officer Michael O. de...
Upcoming midterm elections, coupled with increased household spending, will drive the Philippine economy to 6.3 percent in 2025, Ayala-led Bank of the Philippine Islands (BPI) said. BPI senior vice president and lead economist Emilio S. Neri Jr., in a Jan. 15 report, said this year’s economic...
Homegrown digital bank Maya accelerated financial inclusion in 2024 by capitalizing on its integration of payments and banking services, boosting both deposit activity and lending. On Wednesday, Jan. 15, Maya reported holding a total of P39 billion in deposit balances in 2024. The company also...
Countries in Asia and the Pacific (APAC), including the Philippines, could suffer sluggish economic growth, with more people jobless and less productive if governments do not prepare for the mega changes in workforces. This warning came after Alex Ivaschenko and Helen Osborne, authors of an Asian...
Development Bank of the Philippines (DBP) said it will request an extension of regulatory relief from the central bank, following its investments in the Maharlika Investment Fund (MIF), while the Land Bank of the Philippines (Landbank) does not see the need for it. On the sidelines of the 2025...
DBP President and Chief Executive Officer, Michael O. de Jesus, displays his “Top Leaders in Asia” award conferred by Malaysia-based MORS Group during awarding rites held recently in Bangkok, Thailand. State-owned Development Bank of the Philippines (DBP) President and Chief Executive...
