GT Capital Holdings Inc., the Ty family conglomerate, reported that its consolidated net income rose 54 percent to P23.09 billion in the first nine months of 2023 from the P14.95 billion earned in the same period last year, boosted by its banking and automotive businesses. In a disclosure to the...
Ayala-led Bank of the Philippine Islands (BPI) has increased its final bond sale offer to P36 billion from the initial P5 billion value due to “strong investor demand.” In a disclosure to the Philippine Stock Exchange (PSE), the bank issued and listed the P36 billion 1.5 year peso fixed-rate...
Asia United Bank (AUB) posted a P6.1 billion consolidated net income for the first nine months of 2023, which is 32 percent higher than last year’s income of P4.6 billion due to sustained business volume and margin growth, along with higher non-interest income. In a disclosure to the Philippine...
Lopez-led First Gen Corporation has signed P20 billion term loan agreement with major local banks - BDO Unibank, Inc. (BDO) and Bank of the Philippine Islands (BPI) – primarily to fund the acquisition of the 165-megawatt Casecnan hydroelectric power project (CHEPP) in Nueva Ecija. As clearly laid...
Two Filipinos from the West Bank left Jordan Wednesday as they were sent off by Philippine Ambassador in Amman Wilfredo Santos, who for a month has been encouraging Filipinos in the Palestinian territory to seek repatriation from the government. Two female Filipinos from the West Bank were the...
The Philippine government is repatriating the first batch of Filipinos from the West Bank, a Palestinian territory separated from Gaza, after two Filipinos already crossed to Jordan. Department of Foreign Affairs (DFA) Undersecretary Eduardo Jose de Vega said the two Filipinos will leave the...
China Banking Corporation (Chinabank) posted a 10 percent improvement in net income to P16.2 billion in the first nine months of 2023 from P14.7 billion in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the bank said this translated to a return on equity...
Leading energy player Aboitiz Power Corporation has inked a memorandum of understanding (MOU) with the Japan Bank for International Cooperation (JBIC) so it can explore ‘transition financing package for its planned power projects – primarily for targeted developments in the renewable energy...
Philippine Savings Bank, the thrift banking arm of the Metrobank Group, reported an 18 percent hike in net income to P3.37 billion for the first nine months of 2023, resulting in an 11.7 percent growth in return on equity. In a disclosure to the Philippine Stock Exchange (PSE), the bank said its...
PLANTING THE FUTURE Security Bank employees head to the planting site at La Mesa Watershed hand in hand with ABS-CBN Foundation’s Bantay Kalikasan Program Security Bank Foundation, Inc. (SBFI), along with 200 dedicated volunteers from the bank, marked the second year of its 10,000-tree, five-year...
CONGRATULATIONS, TÜRKIYE! Ambassador Niyazi Evren Akyol of the Republic of Túrikye, Vice President Sarah Duterte, and Rev. Charles Brown, dean of the diplomatic corps Last week, the nation of Türkiye celebrated its 100th National Day at the Peninsula Manila’s Rigodon Ballroom with Philippine...
The Philippine Business Bank (PBB) reported a 23.6 percent rise in its net income to P1.1 billion in the first nine months of 2023 compared to P926 million in the same period in 2022, attributed to its balance sheet expansion and better operating efficiency. The bank noted a strong performance in...
