State-owned Development Bank of the Philippines (DBP) is actively engaging several state corporations based in Central Luzon in a bid to expand its services to priority clientele especially those outside of its traditional market and city centers, a top official said. DBP President and Chief...
As an integral part of the inaugural dialogue on the Asia Zero Emission Community (AZEC) underpinned by the Japanese and Philippine governments, the Japan Bank for International Cooperation (JBIC) has signed a preliminary deal with three Philippine conglomerates for the development of projects...
BANGKOK — Asian economies are not doing as well as they could and growth in the region is forecast to slow to 4.5% this year from 5.1% in 2023, the World Bank said in a report released Monday. Debt, trade barriers and policy uncertainties are dulling the region's economic dynamism and...
Security Bank’s industry-leading approach to Human Capital Management (HCM) has been recognized by several international and local award-giving bodies, including the HR Excellence Awards, where EVP and Chief People Officer, Nerissa Berba, was named HR Leader of the Year. Many banks claim to put...
AyalaLand Hotels and Resorts Corp (AHRC) has signed an agreement with the International Finance Corporation (IFC) signifying its commitment to achieve EDGE Zero Carbon certification for 2,826 rooms in its hotel portfolio by 2026, a first for a hotel group in the Philippines. EDGE Zero Carbon...
PBCom plans P2-B bond issuance By James A. Loyola Philippine Bank of Communications (PBCom), a lender controlled by businessman Lucio Co, is raising at least P2 billion from the first tranche of its peso-denominated bond program. In a disclosure to the Philippine Stock Exchange (PSE), the bank said...
Zobel-controlled Bank of the Philippine Islands (BPI) has raised $400 million by successfully tapping the international capital markets with a public US-dollar bond issuance for the first time since 2019. In a disclosure to the Philippine Stock Exchange (PSE), the bank said its offering of...
The Ayala Group’s financial arm Bank of the Philippine Islands (BPI) is seeking to raise funds overseas through the issuance of an undetermined amount of US dollar-denominated fixed-income securities. In a disclosure to the Philippine Stock Exchange (PSE), the bank said it has mandated BPI...
The Lopez Group’s Rockwell Land Corporation has recently obtained P10 billion in financing from the Philippine National Bank (PNB) and Rizal Commercial Banking Corporation (RCBC). In a disclosure to the Philippine Stock Exchange, the firm said it has secured a P5-billion term loan facility of up...
Security Bank Corporation and Helios, the country's pioneering climate fintech firm behind the innovative solar mortgage program, have joined hands to include solar panels in housing loans. “By leveraging each other’s strengths, we aim to position our solar mortgage offering not merely as an...
LANDBANK, OFBank, DMW to speed up OFW claims from 2015 Displaced Overseas Filipino Workers (OFWs) will hopefully receive the long-delayed payment of indemnity claims due to the bankruptcies of Saudi Arabian construction companies way back in 2015 and 2016. In a statement, the Land Bank of the...
While selling pressures remain after a 7-week rally, the local stock market is seen to remain bullish and may again try to breach the 7,000 level especially if US inflation data as well as local corporate earnings, remittances and foreign direct investments figures boost investor sentiment....
