Asia United Bank (AUB) is beefing up its information technology (IT) infrastructure, including the use of artificial intelligence (AI), as it aims to be the local banking industry’s “digital partner of choice.” During the bank’s annual stockholders’ meeting, AUB President Manuel A....
The Philippines is facing a challenge in enabling its children to reach their full potential productivity by the age of 18, which places the country's human capital development behind that of its regional counterparts. According to the World Bank's "The Philippines Human Capital Review," the...
The Bangko Sentral ng Pilipinas (BSP) will likely keep the policy rate at 6.5 percent next week while the central bank navigates around a weak peso and a hawkish US Federal Reserve, global banks said. "Another central bank that may be under pressure to review its rate stance next week is the...
The Asian Development Bank (ADB) and the Government of Canada have announced a partnership to establish a new $255 million trust fund. The fund, known as the Canadian Climate and Nature Fund for Private Sector in Asia (CANPA), aims to support private-sector projects in Asia and the Pacific that...
Union Bank of the Philippines (UnionBank) reported that it was recognized as Best Investor Relations Company during the annual Corporate Governance Asia’s 14th Asian Excellence Awards. The awards ceremony, held last May 31st at the JW Mariott Hotel in Hong Kong, was attended by 245 senior...
The creation of digital Philippine Public Financial Management (PFM) reforms will enable more efficiency and effective government services for Filipinos, Department of Finance Secretary Ralph G. Recto said. The remark was made after a meeting on Monday with PFM Committee Principals Recto and...
To address challenges in quality learning in the country, the Second Congressional Commission on Education (EDCOM 2) underscored the need for a coordinated approach to all interventions in teacher education. JOJO RINOZA / FILE PHOTO / MANILA BULLETIN In a statement issued on Thursday, June 6, EDCOM...
Security Bank Corporation, one of the country's leading universal banks, has forged a partnership with eCommerce platform Lazada Philippines to offer its retail banking products to online shoppers. Security Bank and Lazada Philippines formalize partnership with the opening of the Bank’s LazMall...
Bank of the Philippine Islands’ (BPI) financial inclusion and microfinance arm BanKo has teamed up with agri-tech company Agrilever to launch the Agri NegosyoKo Loan Program. In a media briefing, BPI said this initiative aims to help farmers strengthen their agricultural practices and...
CIMB Bank Philippines, the most awarded digital-only commercial bank in the country, recently launched the first-ever CIMB Pinoy Mavericks Awards, which aims to honor inspiring stories of triumph after travails, while also promoting financial inclusion and social responsibility. “We believe...
The Aboitiz Group’s lender Union Bank of the Philippines has successfully raised P10 billion from its stock rights offering which it reported as having robust participation from shareholders. In a disclosure to the Philippine Stock Exchange, the bank said it offered 327.12 million common shares...
Tycoon Alfredo Yao's Philippine Business Bank (PBB) reported a five percent improvement in net income to P511.5 million for the first three months of the year from the P488.8 million earned in the comparative period of 2023. In a disclosure to the Philippine Stock Exchange (PSE), the bank said its...
