Bank of the Philippine Islands (BPI) of the Ayala Group reported a 20 percent year-on-year growth in net income to ₱62 billion for 2024, driven by higher revenues and partly offset by higher operating expenses and provisions. In a disclosure to the Philippine Stock Exchange (PSE), the bank said...
Upcoming midterm elections, coupled with increased household spending, will drive the Philippine economy to 6.3 percent in 2025, Ayala-led Bank of the Philippine Islands (BPI) said. BPI senior vice president and lead economist Emilio S. Neri Jr., in a Jan. 15 report, said this year’s economic...
While most investors around the world are scrambling to ditch coal plants like bad habits, a defiant European billionaire is still pushing all his chips in for this technology - scooping up these assets in a brazen move to cement coal’s place in the energy mix for many more decades to come. Czech...
With inflation remaining within the government's target range and economic growth slowing, private sector economists expect that the Bangko Sentral ng Pilipinas (BSP) will further reduce its borrowing cost at its Dec. 19 meeting. According to the Bank of the Philippine Islands (BPI) and think tanks...
As the year winds down and we head into the holiday season, it's crucial to stay alert and adopt smart habits to avoid falling prey to digital tricksters. Think of your online presence as an extension of your home. You wouldn't leave your doors unlocked and windows open, inviting unwanted guests to...
Legazpi Savings Bank (LSB), a wholly-owned subsidiary of the Bank of the Philippine Islands (BPI), is expanding its reach outside the Bicol region by more than doubling the number of its branches so it can serve more public school teachers nationwide. In a media briefing, LSB President Jerome B....
It’s easy to feel frustrated and point fingers when facing abnormal weather patterns, especially in the disaster-stricken Philippines, where calamities swing by like unwanted visitors who frequent poor communities. Lest we forget, developing nations suffer the most from rich countries'...
Manila Bulletin has been a staunch advocate of sustainability since the first MB Sustainability Forum in 2022. The forum promotes conversations about sustainability and serves as a platform to raise awareness about it. Last year, the two-day event called for urgency in addressing...
By DERCO ROSAL The offshore gaming ban, while controversial, has not led to the anticipated job losses. Despite concerns about the economic consequences, analysis shows that the industry's contribution to employment was relatively small. According to the Bank of the Philippine Islands (BPI), the...
By DERCO ROSAL The Bank of the Philippine Islands (BPI) expects the economy to continue outperforming its peers from the Asia-Pacific region, driven by anticipated strong consumer consumption, increased food supply, and stable global commodity prices. “Inflation is expected to be more manageable...
Amid favorable conditions for long-term investments, the wealth-management arm of Ayala-led Bank of the Philippine Islands (BPI) will roll out before this year ends a new mutual fund eyeing young and tech-savvy investors. BPI Wealth personal wealth head Irene Ang told a press briefing on Friday,...
Zobel-led Bank of the Philippine Islands reported a 24.3 percent growth in net income to a record P48 billion in the first nine months of 2024 from P38.6 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said earnings growth was driven by robust...
