Union Bank of the Philippines and the ATRAM Group have finalized their partnership, aiming to revolutionize the Philippine asset management landscape by merging their trust operations and leveraging digital innovation. Under the agreement, UnionBank will acquire a 27.5 percent stake in ATR Asset...
Maharlika Investment Corp. (MIC), which manages the Philippines ' first sovereign wealth fund, is eyeing at least three new investments before the year ends, aiming to bring total capital commitments to as much as ₱37 billion just two years into its establishment. In a telephone interview on...
The World Bank has cited some inroads in the long-delayed Metro Manila flood control project, which is being partly funded by a loan it approved eight years ago. "The progress is moderately satisfactory with 38 pumping station construction sites and solid waste reduction activities," the...
The Philippine Economic Zone Authority’s (PEZA) approval of investments continued its upward trajectory this year, growing by 112.06 percent by the end of April compared to the same period last year. PEZA, an investment promotion agency (IPA) under the Department of Trade and...
In the Davao region, the City of Davao is driving growth with an upbeat economy and widening opportunities for business, modern living, and leisure. The highly urbanized city registered 52.3 percent of the total gross domestic product, the largest share in the region in 2023. Davao City’s...
Fresh investments approved by the Philippine Economic Zone Authority (PEZA) during the first quarter of 2025 grew by 294 percent compared to the same period last year, reaching approximately 24 percent of its investment target for this year. PEZA, an investment promotion agency (IPA)...
The Philippines ended 2024 with a lower net international investment position (IIP) of $65.5-billion net external liability, as foreign investments in the country declined faster than its assets abroad. Preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed that the end-December’s net...
San Miguel Corporation (SMC) Chairman and CEO Ramon S. Ang (left), and International Container Terminal Services, Inc. (ICTSI) Chairman Enrique K. Razon Jr. (right) Top Philippine business leaders have warned the public about a surge in sophisticated online investment scams that falsely use...
InfiniVAN, Inc., a Japan-affiliated digital solutions and telecommunications company in the Philippines, plans to launch a ₱2 billion to ₱3 billion initial public offering in the domestic capital market later this year. In an interview, BDO Capital and Investment Corporation President Eduardo...
SotoGrande Palawan For many Filipinos, home is more than just a place—it’s a sanctuary, a dream, and a lifelong investment. This is exactly what Sta. Lucia Land Inc. (SLI) has been offering for over 50 years, building not just houses, but communities where families can grow, thrive, and create...
The Philippines’ recent exit from the global money-laundering watchlist is the “biggest” breakthrough that would push the country further towards achieving an “A” credit rating, according to the top executive of the local trust arm of Canadian insurance giant Sun Life. Speaking to...
While the Philippine economy is expected to expand by 6.2 percent this year, Sun Life Investment Management and Trust Corp. (SLIMTC) said the peso could depreciate to as low as 61 against the US dollar. “Growth will improve to 6.2 percent from 5.6 percent last year. However, peso will weaken and...
