Philippine banks expect loan demand from Filipino entrepreneurs and households to remain steady in the second quarter of the year, according to the central bank, which said banks face a balancing act on lending rules amid the domestic spillover of the Middle East war. Results of the latest...
China Bank Savings (CBS) Inc. posted a record net income of ₱2.4 billion in 2025, marking a fourth consecutive year of growth driven by the 13 percent surge in its loan portfolio. In a statement, CBS reported that the retail arm of China Banking Corp. saw full-year earnings rise more than 10...
The Philippines rolled out one of the most extensive policy responses in Asia-Pacific to cushion the impact of global oil price and supply shocks, even as the country recorded among the steepest increases in fuel prices in the region, according to the Manila-based Asian Development Bank (ADB). An...
The controlling faction of the Lopez family is calling for a formal government inquiry into “poison pill” provisions at First Gen Corp., alleging the measures protect the tenure of President and Chief Executive Officer Federico R. Lopez, at the expense of state pension funds and international...
The World Bank Group (WBG) has warned that the war in the Middle East is set to trigger the biggest energy price surge in four years, fueling inflation, slowing economic growth, and worsening food insecurity across developing economies. In an April 28 statement, the Washington-based multilateral...
Aboitiz Equity Ventures Inc. (AEV), the active portfolio manager of the Aboitiz Group, reported that its consolidated net income almost doubled to ₱6.3 billion in the first quarter of 2026 from the ₱3.2 billion earned in the same period last year. The firm informed the Philippine Stock Exchange...
The Philippines faces mounting economic and financial risks from climate change, with projected losses reaching as much as 13 percent of gross domestic product (GDP) by 2040 unless the country urgently scales up climate financing and aligns adaptation and mitigation efforts, according to state-run...
State-lender Land Bank of the Philippines (LBP) is expanding its response to the energy crisis through a coordinated package of fuel subsidies, commuter rebates, and low-interest loans, aiming to shield the transport and agriculture sectors from volatile global prices. Landbank said in a statement...
The World Bank has given its go-ahead to the $24.5-million Technical Assistance for Sustainable Agricultural Transformation (TASAT) program, which will complement the Philippines’ largest-ever single loan from the Washington-based multilateral lender aimed at diversifying the sector and moving...
Aboitiz-led Union Bank of the Philippines (UnionBank) reported a 167-percent surge in net income to ₱3.8 billion in the first quarter of 2026 despite some trading losses arising from market volatility associated with the Iran conflict. The bank noted that it continued the momentum that started in...
Malacañang said anyone has the right to file a case, distancing itself from the move of lawyer Manases Carpio, husband of Vice President Sara Duterte, to file criminal charges on the disclosure of bank accounts and violation of privacy. Carpio on Monday, April 27, filed criminal charges against...
House Senior Deputy Minority Leader Mamamayang Liberal (ML) Party-list Rep. Leila de Lima can 't help but smell fear from the direction of impeachment respondent Vice President Sara Duterte and the latter 's husband lawyer Manases Carpio. This, after De Lima got wind of Carpio 's...
