The Philippine Stock Exchange (PSE) has approved the planned P10 billion stock rights offering of Aboitiz-led Union Bank of the Philippines which is slated to kick off in May this year. In a disclosure to the PSE, the bank said it is offering about 296.47 million depending on the final offering...
The Department of Finance (DOF) has warned that the government’s slow implementation of digitalization amid the rapid growth of e-commerce could result in significant revenue loss. In a statement, the DOF said that Finance Secretary Ralph G. Recto is now seeking additional funding from the...
The Department of Finance (DOF) has secured a standby fund from the World Bank that the Philippines can readily utilize during emergency or crisis situations. In a statement on Monday, April 22, the DOF announced that the signing of the Rapid Response Option (RRO) agreement with the World Bank...
The Department of Finance (DOF) said that the World Bank Group (WBG) will assemble a team to assist the Philippines in enhancing its digital infrastructure, specifically its tax system. In a statement on Saturday, April 20, the DOF said that WBG President Ajay Banga expressed support for the...
The Philippines has received backing from the World Bank Group (WBG) for the government's digitalization initiative aimed at improving tax administration and other critical sectors, a Cabinet official said. Finance Secretary Ralph G. Recto said that the WBG has shown strong support for...
China Bank Savings (CBS) has moved up two notches in the Bangko Sentral ng Pilipinas’ 2023 ranking of thrift banks in the country in terms of total assets and is now the second largest in the industry. From fourth place in 2022, CBS said in a statement that it is now the second largest...
Businessman Alfredo Yao's Philippine Business Bank (PBB) reported a 39.1 percent jump in net income to P1.82 billion last year from the P1.31 billion earned in 2022 as core income reached P3.1 billion. In a disclosure to the Philippine Stock Exchange (PSE), the bank said its pre-tax...
If you’re looking for a convenient way to shop online and avail of the best deals on banking products, you’re in luck. Starting February 12, 2024, Security Bank and Lazada will offer an exclusive opportunity to access the Bank’s suite of award-winning Credit Card, Deposit, Home Loan, and Auto...
President Ferdinand "Bongbong" Marcos Jr. (Noel Pabalate/ MANILA BULLETIN) Here's a bold suggestion to President Marcos on the heels of his triumphant participation in the trilateral summit with United States (US) President Joe Biden and Japan Prime...
BDO NETWORK BANK, INC. will be conducting its annual meeting of stockholders on May 2, 2024, Thursday at 11:00 AM in hybrid format (a combination of in-person and remote attendance). A copy of the official announcement published in Manila Bulletin broadsheet is shown below:...
Security Bank Corporation and Mitsubishi Motors Corporation have formed a joint venture firm Mitsubishi Motors Finance Philippines Inc. to offer financing services to Mitsubishi customers amid a rapidly expanding domestic car market. In a disclosure to the Philippine Stock Exchange (PSE),...
BDO NETWORK BANK, INC. will be holding its annual meeting of stockholders on May 2, 2024, Thursday at 11:00 AM in hybrid format (a combination of in-person and remote attendance). A copy of the official announcement published in Manila Bulletin broadsheet is shown below:
