China Banking Corporation reported a 39 percent jump in net profit to P10.1 billion in the first six months of 2022 from the P7.3 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said earnings growth was driven mainly by higher net interest...
Bank of the Philippine Islands (BPI), through its wholly-owned subsidiary BPI Investment Management, Inc. (BIMI), is launching by mid-August 2022 the ALFM Real Estate Income Fund or ALFM REIF which will be worth up to P1 trillion. BIMI said that this is will be the first mutual fund in the country...
The Philippine Red Cross (PRC) immediately sent eight bags of blood to the Quirino Memorial Medical Center where a survivor of the Ateneo de Manila University shooting incident is being treated. (PHILIPPINE RED CROSS FACEBOOK) “With the direction of Chairman and CEO Richard Gordon, the Philippine...
BPI and Ayala Foundation, Inc. invites everyone to join its donation campaign for the arts There are many ways one can immerse themselves in arts. But when it comes to learning a nation’s culture and heritage, among the best ways to do it is by visiting exhibits and museums. Being one of the top...
The Development Bank of the Philippines (DBP) is funding Kiangan Mini Hydro Corporation (KMHC)'s P2.6-billion consolidation of three river systems into two renewable power projects in Ifugao. “DBP’s credit support to the Asin-Hungduan and Ibulao1 Mini Hydropower Projects demonstrates our...
Bank of the Philippine Islands, the financial services arm of the Ayala Group, reported a 73 percent jump in net income to P20.4 billion in the first half of 2022 on the back of higher revenues and lower provisions. In a disclosure to the Philippine Stock Exchange, the bank said this result is...
Asian Development Bank (ADB) expects the Philippine economy to grow at a much faster pace this year despite accelerating consumer prices. In the Asian Development Outlook 2022 Supplement report released on Thursday, July 21, the Manila-based multilateral institution raised its gross domestic...
The Asian Development Bank (ADB) expects the Philippine economy to grow at a much faster pace this year despite accelerating consumer prices. In the Asian Development Outlook 2022 Supplement report released on Thursday, July 21, the Manila-based multilateral institution raised its gross domestic...
Senator Francis “Chiz” Escudero on Wednesday said he is optimistic that the bill mandating all government officials and employees to waive their rights under the Bank Secrecy Law or Republic Act 1405, and the Foreign Currency Deposit Act (RA 6426) will finally see the light under the 19th...
Security Banking Corporation (Security Bank) has successfully raised P16 billion from the issuance of Fixed Rate Peso Corporate Bonds due 2024, 16 times the planned P1 billion float. In a disclosure to the Philippine Stock Exchange, Security Bank said the bonds have a yield of 3.7407 percent per...
Beijing-led Export-Import Bank of China (CEXIM) indicated higher returns to bankroll the Duterte administration’s three big-ticket railways projects, former Finance Secretary Carlos G. Dominguez III said. Dominguez, who served as former President Duterte’s chief economic manager, explained that...
In line with its thrust to support new and renewable energy sources, the Development Bank of the Philippines (DBP) approved a P660-million loan to develop the 4.6 megawatt (MW) Dupinga Mini Hydropower project in Gabaldon, Nueva Ecija. “The funding support for the Dupinga Project will help achieve...
