Trading this week will be influenced by the release of economic data, including the much-awaited gross domestic product (GDP), as well as more first quarter earnings reports. “Market sentiment may still have a bearish bias as investors continue to adjust their economic recovery expectations, from...
Philippine National Bank, one of the country’s major banks, is ranked as the best company for professionals to growth their careers, according to the Linkedin’s 2021 Philippines Top Companies List. LinkedIn, the online professional network, published its list of the 2021 LinkedIn Top...
Despite weak loan demand, SM Group’s BDO Unibank Inc. earned P10.4 billion in the first three months of 2021, up by 19 percent year-on-year or from P8.8 billion, according to its president and CEO, Nestor V. Tan. Tan said the bank’s 2021 outlook remains uncertain, citing inflation pressures,...
Two of the country’s big banks BDO Unibank Inc. and Bank of the Philippine Islands (BPI) are currently looking into acquiring Citi Philippines’ retail business after its parent global company, US-based Citibank N.A., announced its planned exit. BDO president and CEO Nestor V. Tan said...
Users can now make instant cash-ins to their GrabPay wallet for free by linking it to their bank accounts (Banco de Oro (BDO), Bank of the Philippine Islands (BPI) and Unionbank) or visiting the nearest SM mall or 7-Eleven store. “Our partnership with three of the biggest banks and leading...
BDO Unibank and its partner American Express are coming together to support local businesses, those hit hardest by the pandemic, by bringing the credit card company’s global Shop Small movement to the Philippines. To encourage shoppers to patronize local businesses, BDO and American Express...
BDO Unibank reported that its efforts to keep its clients and the general public informed have been recognized at the 18thQuill Awards. The bank said it reaped six Excellence and Merit awards at the recently held “Arise: The 18th Philippine Quill Awards”, which “honor exemplary communication...
BDO Unibank, Inc. and BDO Network Bank now has the most expansive ATM network in the country to allow its clients to continuously perform cash withdrawals anytime, anywhere. In a statement, BDO said there are currently over 4,400 BDO and BDO Network Bank ATMs strategically located all over the...
BDO Leasing and Finance, Inc. (BDOLF) reported the inet profits surged to P252.3 million last year from P46.8 million in 2019 on the back of stable asset yields and lower funding costs. In a disclosure to the Philippine Stock Exchnage, the firm said total expenses dropped by 34 per cent to P2.0...
The local stock market is seen to remain volatile this week due to the upcoming release of earnings results of some index heavyweights as well as the inflation figure for February. “Inflation expectations are expected to be one of the main drivers of the market ahead of the release of the...
SM Investments Corporation (SMIC) registered a net income of P23.4 billion last year, 48 percent lower than the P44.6 billion earned in 2019. Due to the impact of the COVID-19 pandemic, The firm’s consolidated revenues declined to P394.2 billion in 2020 from P502.0 billion in the year before....
Eight firms under the SM group of companies received Golden Arrow Awards from the Institute of Corporate Directors (ICD) for performing well in the ASEAN Corporate Governance Scorecard (ACGS). In a statement, the conglomerate said this is an assessment benchmarked against international best...
