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...
As interest rates drop and investors take a closer look at "risky" long-term assets, the wealth management arm of Ayala-led Bank of the Philippine Islands (BPI) anticipates more client investments to achieve 20-percent assets under management (AUM) growth for 2024. BPI Wealth president and chief...
Ayala-led Bank of the Philippine Islands (BPI) has cautioned the public about a rise in cyber scams as Christmas approaches, urging consumers to shop with extra caution. “Cybercrimes are expected to peak during the holiday period as online shopping surges,” BPI said in a statement on Wednesday,...
Ayala-led Bank of the Philippine Islands (BPI) has secured financial backing from the US government's private-sector lending arm to increase lending to small businesses. In an Oct. 2 statement, the US International Development Finance Corp. (DFC) said its board of directors approved a $75 million...
BuildHub PH, an online marketplace focused on construction, has teamed up with the Bank of the Philippine Islands (BPI) to support construction businesses in the country. In a statement, BuildHub PH said its partnership with the Ayala-led bank will offer contractors and hardware stores access to up...
The Bank of the Philippine Islands (BPI) has announced that all BPI Prepaid Cards will be deactivated on Dec. 27, 2024. In an advisory on Tuesday, Sept. 3, BPI said that the bank will also discontinue the loading of funds onto these cards through the BPI app, online banking, and Cash Accept...
The Bank of the Philippine Islands (BPI) is encouraging its high-net-worth clients to take advantage of the Mobile Check Deposit feature on its mobile app. In a statement, the Ayala-led bank said that the service, currently available only to BPI Preferred, BPI Gold, and BPI Private Wealth...
As the digital landscape evolves, so too do the tactics of cybercriminals, where scams targeting unsuspecting bank customers are on the rise. The Bank of the Philippine Islands (BPI) has recently alerted the public to a trend that mirrors the childhood game "Two Truths and a Lie," where...
Ayala-led Bank of the Philippine Islands (BPI) has raised a total of P33.7 billion from the initial P5 billion offering of peso-denominated fixed-rate BPI Sustainable, Environmental, and Equitable Development (SEED) Bonds due 2026. The bank issued the SEED bonds and listed these at the Philippine...
