While CEOs here and abroad are mouthing the buzzword “digitalization”, the head of the country’s largest commercial bank BDO Unibank thinks the concept of digital as a little bit “overplayed.” At the Management of the Year “A Year of COVID – Gloom or Boom?” panel discussion by...
While there is still momentum in the local stock market from last week’s rally, its sustainability will hinge on whether there will be more positive news on COVID-19 vaccines and the US stimulus package. BDO Chief Market Strategist Jonathan Ravelas said that, after hopes of a vaccine fueled last...
Due to the disaster wrought by a string of three strong typhoons, BDO Remit—the remittance service brand of BDO Unibank—has waived the remittance fee on donations from overseas Filipinos coursed through different foundations. In a statement, the bank said the zero remittance fee for these...
A tripartite agreement was signed today for the private sector donation to the government of 3-million dosage of COVID-19 vaccine, estimated to cost P700 million. The agreement “Angat Lahat: A Dose of Hope” was signed today by Presidential Adviser for Entrepreneurship and Nego Negosyo...
BDO Unibank, Inc. (BDO) has completed the buyout of its partner Nomura Holdings, Inc.’s (Nomura) ownership in BDO Nomura Securities, Inc, (BDO Nomura) following an earlier announcement terminating their joint venture (JV) arrangement. In a disclosure to the Philippine Stock Exchange, BDO said its...
SM Prime Holdings Inc., one of the leading integrated property developers in Southeast Asia, is set to open its latest mall SM City Butuan on November 13, Friday, adding 48,000 square meters (sqm.) of gross floor area (GFA) in the company’s portfolio. Located in the highly urbanized City of...
BDO Unibank reported that its Trust Group has achieved the P1-trillion mark in assets under management (AUM) on the back of the strong performance of its unit investment trust fund (UITF) business. AUM is the total market value of the securities a financial institution manages on behalf of its...
All eyes will be on the outcome of the US elections this week while third quarter earnings and lingering concern over COVID-19 will provide cues at the local front. Traders work beneath an electronic ticker at the trading floor of the Philippine Stock Exchange in Bonifacio Global City...
SM Investments Corporation (SMIC) and its subsidiaries BDO Unibank, Inc. and SM Prime Holdings, Inc. reaped 15 awards in the 10th Asian Excellence Awards 2020 of Hong Kong magazine Corporate Governance Asia. SMIC, BDO, and SM Prime were awarded Asia’s Best Corporate Social Responsibility...
BDO Unibank, Inc. (BDO) reported a 3.1 percent improvement in attributable net income to P12.3 billion in the third quarter of 2020 from P11.96 billion in the same period last year despite the continuing impact of the pandemic. In a disclosure to the Philippine Stock Exchange, the bank said...
BDO Unibank’s Trust Group is expecting the country’s gross domestic product (GDP) to contract by of 9.6 percent in the third quarter and by 6 percent contraction in the last quarter to bring its full year 2020 GDP projection to negative 8.3 percent. BDO Chief Investment Officer Frederico Ocampo...
BDO Unibank was recognized by Singapore-based finance publication Asian Banking & Finance for its corporate citizenship initiatives for the fourth year in a row. FINDING WAYS FOR OFWS-Citing remarkable achievements in efforts to promote financial education, international finance publication...
