Union Bank of the Philippines (UnionBank) and ATRAM Group (ATRAM) have appointed Deanno J. Basas as President of UnionBank Investment Management and Trust Corporation (UBIMTC) prior to its merger into ATR Asset Management, Inc. (AAMI). The bank said in a disclosure to the Philippine Stock Exchange...
Motorists will need to tighten their belts after a two-week rollback in May, as oil prices are expected to increase next week. Based on the four-day trading at Mean of Platts Singapore (MOPS), gasoline may go up by somewhere between ₱0.95 and ₱1.40 per liter, while diesel could climb by ₱1.50...
President Marcos has ordered the release of P2,000 across the board increase on the compensation of teachers and other poll workers serving in the May 12 national elections. Employees of the Quezon City Treasurer’s Office unload dozens of boxes of Official Ballots for the 2025 National and Local...
While the Philippine economy’s growth missed the lower end of the government’s six to eight percent target, the Department of Budget and Management (DBM) said the growth across major sectors further fuels the agency’s confidence in achieving the full-year growth goal. “The fact that all...
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...
Motorists welcome some relief as petroleum prices dropped in the first few days of May, reversing last week 's increases. Effective Tuesday, May 6, gasoline prices will go down by ₱0.55 per liter, diesel by ₱0.65 per liter, and kerosene by ₱0.90 per liter. These marginal decreases were...
The Department of Budget and Management (DBM) has entered a partnership with the European Union (EU) and United Nations Children’s Fund (UNICEF) to launch a $6-million public finance facility over three years. In a joint statement released on Wednesday, April 30, the DBM said the program...
With the government e-marketplace posting over ₱80 million in sales in the first three months of 2025, the Department of Budget and Management (DBM) expects this to quadruple by the end of the year as more merchants are eyed to enter the platform. According to Genmaries Entredicho-Caong, DBM...
The Department of Energy (DOE) lauded the 10-year extension granted to the Power Sector Assets and Liabilities Management Corp. (PSALM), a move that will enable the state-run enterprise to fulfill its remaining obligations. Energy Secretary Raphael P.M. Lotilla said in a statement that PSALM’s...
Senator Sherwin Gatchalian on Sunday, April 27 welcomed the 10-year extension of the corporate life of the Power Sector Assets and Liabilities Management Corporation (PSALM) as this would help bring down the cost of electricity in the Philippines. “The extension of the corporate life of...
As a responsible mining company, Apex Mining (APX) effectively manages and mitigates its impact to the environment. In 2024, under its Annual Environmental Protection and Enhancement Program (AEPEP), the company spent P141.5 million to carry out activities, initiatives, and programs that...
The Management Association of the Philippines (MAP) is pushing the Marcos administration to fast-track the completion of a key project linking North Luzon Expressway-South Luzon Expressway (NLEX-SLEX) Connector Road and Metro Manila Skyway Stage 3. MAP, which comprises the country’s tycoons and...
